LAKE SUCCESS, New
York, June 20,
2017 /PRNewswire/ -- Broadridge Financial
Solutions, Inc. (NYSE: BR) today announced the launch of its trade
reporting solution for the European Securities and Markets
Authority's (ESMA) forthcoming Securities Financing Transaction
Regulation (SFTR). Broadridge's new offering will enable market
participants of all types to achieve a seamless implementation and
meet the projected regulatory deadlines in 2018.
SFTR requires EU counterparts engaging in securities
finance transactions to report trade data to a registered Trade
Repository. To support the new rules, Broadridge will deliver a
transaction reporting solution that spans the entire reporting
lifecycle.
This new offering includes system-level data extracts from
its securities finance and collateral management solution, through
to unique trade identifier (UTI) generation, matching and direct
reporting to trade repositories. Customers will be able to take
advantage of Broadridge's unified solution for all of their SFTR
requirements. Clients will also have the option of a modular
solution that can be combined with other third party reporting
platforms as required.
"The SFTR rules present a major challenge for all market
participants due to their complex nature, dual-sided reporting and
proximity to MiFID-II compliance deadlines," said Tom Carey, President of Global Technology and
Operations, International for Broadridge. "Broadridge's in-depth
expertise in both securities finance and trade reporting regimes,
combined with this new solution, will enable clients to adapt to
SFTR smoothly while minimising operational disruption and reducing
the resource impact of complying with multiple concurrent reporting
mandates."
This new solution leverages Broadridge's deep expertise in
multi-jurisdictional transaction reporting across multiple
reporting regimes including US (CFTC), Europe (EMIR, MiFID I and II), Canada, Singapore, Japan, Australia, Hong
Kong, and Switzerland, as
well as its latest innovations in leading technologies
to deliver efficient and timely client
implementations.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR) a global
fintech leader, provides investor communications and
technology-driven solutions for broker-dealers, banks, mutual funds
and corporate issuers globally. Broadridge's investor
communications, securities processing and managed services
solutions help clients reduce their capital investments in
operations infrastructure, allowing them to increase their focus on
core business activities. With over 50 years of experience,
Broadridge's infrastructure underpins proxy voting services for
over 90 percent of public companies and mutual funds in
North America, and processes more
than $5 trillion in fixed income and
equity trades per day. Broadridge employs approximately
10,000 full-time associates in 16 countries.
For more information about Broadridge, please visit
www.broadridge.com.
Contact Information:
Media:
EMEA
Paul
Bowhay
+44
207-426-9417
BroadridgeEMEA@cognitomedia.com
APAC .
Peggy
Wu
Ryan Communication
Tel:
+65 6875
5785
peggy@ryancommunication.com
Brett
Philbin
Edelman
+1
212-704-8263
brett.philbin@edelman.com
Gregg
Rosenberg
Head of Corporate
Communications
+1
212-918-6966
gregg.rosenberg@broadridge.com
Investors:
W. Edings Thibault
Head of Investor Relations
+1
516-472-5129
edings.thibault@broadridge.com
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