Broadridge Seals Investment Partnership with LiquidX

Monday, 21/03/2016 | 18:36 GMT by Finance Magnates Staff
  • Broadridge enters into strategic alliance with LiquidX aimed at connecting finance professionals with the capital markets
Broadridge Seals Investment Partnership with LiquidX
Bloomberg

Broadridge Financial Solutions, Inc. (NYSE:BR), a provider of investor communications and technology solutions, today announced that it has entered into a strategic investment alliance with LiquidX, Inc., the provider of an electronic exchange platform for global trade finance.

Broadridge, which recently reported an upbeat quarterly performance in its Q2 2016 earnings report, designs solutions to help broker-dealers, banks and mutual funds reduce their capital investments in operations infrastructure while enabling them to increase their focus on their core business activities.

LiquidX offers an exchange platform that brings significant Liquidity and transparency to the historically difficult trading of corporate receivables by connecting sell-side and buy-side participants and unlocking capital from large corporations.

The alliance will allow Broadridge access to LiquidX's trade finance exchange platform for the large number of corporations across the globe with which Broadridge has relationships. It will also enable the company to connect corporate treasury and finance professionals with the capital markets and trading desks of its corporate, bank and asset management clients.

Charlie Marchesani, president of Global Technology and Operations at Broadridge commented: “LiquidX's innovative technology combined with Broadridge’s leadership role in facilitating trading and settlement on behalf of its large global client network will provide significant value in addressing liquidity and Execution issues within trade finance. Our alliance with LiquidX is a strategic extension of our processing capabilities to a new emerging electronic asset class marketplace.”

CEO and founder of LiquidX, Jim Toffey said: “We are excited to partner with Broadridge to greatly expand the distribution reach of our highly-scalable and rapidly-growing platform.”

Broadridge’s continued focus is to bring value-added solutions to its clients and its strategic alliance with LiquidX enables the company to deliver a package which serves as the intersection between corporate, buy-side and sell-side firms, while bringing needed liquidity to an illiquid asset class.

Broadridge Financial Solutions, Inc. (NYSE:BR), a provider of investor communications and technology solutions, today announced that it has entered into a strategic investment alliance with LiquidX, Inc., the provider of an electronic exchange platform for global trade finance.

Broadridge, which recently reported an upbeat quarterly performance in its Q2 2016 earnings report, designs solutions to help broker-dealers, banks and mutual funds reduce their capital investments in operations infrastructure while enabling them to increase their focus on their core business activities.

LiquidX offers an exchange platform that brings significant Liquidity and transparency to the historically difficult trading of corporate receivables by connecting sell-side and buy-side participants and unlocking capital from large corporations.

The alliance will allow Broadridge access to LiquidX's trade finance exchange platform for the large number of corporations across the globe with which Broadridge has relationships. It will also enable the company to connect corporate treasury and finance professionals with the capital markets and trading desks of its corporate, bank and asset management clients.

Charlie Marchesani, president of Global Technology and Operations at Broadridge commented: “LiquidX's innovative technology combined with Broadridge’s leadership role in facilitating trading and settlement on behalf of its large global client network will provide significant value in addressing liquidity and Execution issues within trade finance. Our alliance with LiquidX is a strategic extension of our processing capabilities to a new emerging electronic asset class marketplace.”

CEO and founder of LiquidX, Jim Toffey said: “We are excited to partner with Broadridge to greatly expand the distribution reach of our highly-scalable and rapidly-growing platform.”

Broadridge’s continued focus is to bring value-added solutions to its clients and its strategic alliance with LiquidX enables the company to deliver a package which serves as the intersection between corporate, buy-side and sell-side firms, while bringing needed liquidity to an illiquid asset class.

About the Author: Finance Magnates Staff
Finance Magnates Staff
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About the Author: Finance Magnates Staff
  • 4271 Articles
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