Broadridge Acquires Dojima, Fortifying Global Post Trade Management Solution

Broadridge Financial Solutions, Inc. (NYSE: BR) has enhanced its Global Post Trade Management (GPTM) solution, acquiring Dojima LLC in a stroke to help augment its Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded derivatives capabilities, according to a Broadridge statement.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Dojima is a niche technology firm that provides trading, clearing, matching and connectivity solutions for institutional venues. Broadridge’s acquisition of Dojima will help push its GPTM's exchange-traded derivatives functionality, which will aim to streamline central clearing capabilities – the terms of the transaction was not currently disclosed.

Per the acquisition, Dojima's solution will be rebranded as Broadridge Derivatives Clearing, and will serve as a primary component of GPTM. The newly fortified solution helps provide a multi-asset multi-tenant clearing and connectivity platform for exchange-traded and cleared over-the-counter (OTC) derivatives.

According to Tom Carey, President, Global Technology and Operations International, Broadridge, in a recent statement on the acquisition and expansion: "This strategic expansion of our futures and options offering is an important addition to our GPTM roadmap, enabling us to offer a broader, tightly-integrated global post-trade processing solution for investment banks and brokers.”

"It demonstrates the continuing, strong market traction of our solution globally, which in the last year included the adoption by leading brokers in North America, Japan and Germany. We are delighted to welcome the talented Dojima team, who has deep domain experience in this market," Mr. Carey reiterated.

"Broadridge has been a leader in helping companies transform the breadth and economics of their operational models through global, seamlessly integrated post-trade processing solutions. We are pleased to join the Broadridge team, leveraging our multi-tenant, multi-currency and multi-asset class technology to help firms meet rapidly-evolving market and regulatory changes in the exchange-traded derivatives marketplace,” noted Nachi Muthu, Head of Derivatives Trading and Clearing Solutions at Broadridge and former CEO of Dojima, in an accompanying statement.