Broadridge Financial Solutions, Inc. (NYSE:BR), the global fintech company with over $5 billion in revenue, announced the introduction of a trading solution today that allows clients to increase straight-through processing, improve controls, reduce risk and make better trading decisions.
This new offering is designed to help Broadridge Trading and Connectivity Solutions clients achieve improved scalability, faster market time, and reduced interface fragmentation and technology costs.
Broadridge Adds Standard Foundational Integration
The new Broadridge solution incorporates a standard foundational integration across front, middle, and back-office capabilities for trade processing. It utilizes an enterprise integration layer and common data model, which can be applied across the Broadridge product portfolio and with third-party applications.
Justin Llewellyn-Jones, Broadridge's Head of Capital Market Product Strategy, highlighted the importance of the new solution, stating that it represents a significant evolution in trading technology infrastructure.
"By using our unique ability to look across the front, middle, and back as a whole, we are helping our clients solve pain points through trade lifecycle simplification," Llewellyn-Jones added.
Capital Markets firms must emphasize innovation and simplification throughout the trade lifecycle amid economic, regulatory, and geopolitical challenges. Broadridge's comprehensive solution fosters business agility, minimizes risk, and lowers costs by offering a global, multi-asset middle office, integrated reporting, normalized data sources, front-office business insights using post-trade data, and a common data model.
Llewellyn-Jones concluded that utilizing the pre-integrated offering can reduce risk and decrease costs by an estimated 20–30% in critical areas.
Growing Number of Broadridge's Collaborations
Two weeks ago, Broadridge Financial Solutions revealed that UBS (NYSE:UBS) has successfully completed the first cross-border intraday repo transaction on its Distributed Ledger Repo (DLR) platform in collaboration with an undisclosed global Asian bank. This milestone marks the next phase in Broadridge's DLR platform rollout, significantly advancing intraday liquidity management efficiency.
In another partnership, Broadridge has teamed up with Atlas Responsible Investors, a hedge fund manager focused on impact investing. Broadridge will supply technology enhancements to improve operational efficiencies in mid-level offices, facilitating better risk and multi-asset class management.
Broadridge has also joined forces with Apex Silver, a subsidiary of Apex Fintech Solutions, to deliver a comprehensive solution for cost basis processing and tax information reporting in the financial services industry. The collaboration aims to enhance clients' tax experiences and reduce ownership costs through a management model and common data sourcing, offering flexibility, scalability, and seamless integration.
Lastly, CQG, a trading market data and technical analysis tools provider, has announced a strategic partnership with Broadridge. The companies will integrate their Order Management System (OMS) and Execution Management System (EMS), creating an all-in-one solution for institutional clients seeking a comprehensive front-, middle-, and back-office technology package. This collaboration aligns with Broadridge's open architecture approach to OMS and represents a first-of-its-kind offering in the industry.
