BOCA RATON, Florida,
March 15, 2016 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE:BR) and The
Technancial Company Ltd. (TTC) today announced a strategic alliance
to provide an enhanced post-trade offering for futures and options.
The alliance will see the combination of Broadridge's global
post-trade processing solution with the strengths of TTC's leading
real-time JANUS™ Margin Engine. This collaboration will allow
clients to leverage extended best-in-class capabilities for
exchange traded derivatives processing, including client clearing,
while enabling consolidation of their post-trade operations across
assets.
The alliance is a direct result of the financial services
industry's increasing imperative to renew systems and improve
operational efficiencies. Given technology's critical role in the
futures and options arena - as regulatory mandates reshape the
landscape for clearing, reporting and operational controls -
clients' demand for additional services and innovation continues to
surge. Together, Broadridge and TTC will help financial
institutions meet these challenges with their shared focus on
market and asset class reach, alongside functional, technological
and operational efficiencies.
Paul Clark, Head of Institutional
Product Management, Global Technology and Operations International,
Broadridge, said: "The collaboration between Broadridge and TTC
offers our mutual clients the ability to benefit from a superior,
highly efficient exchange traded derivatives capability with
seamless process throughput. The solution is integrated with
post-trade processing and operational control for other asset
classes offered via Broadridge's global post-trade processing
platform. Our strategic alliance with TTC is a natural fit based on
our shared focus to provide the highest levels of value and
customer service to our clients."
Mirko Marcadella, Global Head of
Business Development, TTC, said: "Working with Broadridge enables
us to provide industry participants with an opportunity to
seamlessly implement a leading set of capabilities for exchange
traded derivatives margin and operations. The integrated solution
offers best-of-breed post-trade processing and leverages a
real-time solution developed for use from pre-trade calculations
through to calculating initial margin for reconciliations and
payments. We believe that our combined offering brings a gold
standard solution to the futures and options marketplace."
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR) is the leading
provider of 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% of public companies and mutual funds
in North America, and processes on average $5
trillion in equity and fixed income trades per day. Broadridge
employs approximately 7,400 full-time associates in 14 countries.
For more information about Broadridge, please
visit www.broadridge.com.
About The Technancial Company Ltd.
The Technancial Company Ltd. delivers advanced real-time risk
management and trade surveillance tools to global markets. The
Technancial Company's products, JANUS™ Risk Manager, JANUS™ Margin
Engine and JANUS™ Trade Surveillance, are used by global
institutions across markets, regions and asset classes to supervise
their trading, market making, DMA and HFT activities. More than 70
risk checks and more than 60 clearing houses' margin algorithms are
supported by the JANUS™ Platform and can be used in pre-trade,
post-order (at-trade) and post-trade to manage market, credit and
operational risks in low latency environments.
The company is headquartered in London and has offices in Chicago, Hong
Kong and Milan.
For more information please visit http://technancial.com/
For further information or press enquiries, please
contact:
Kate McGann
Broadridge
Katherine.mcgann@broadridge.com
+1 212 981 1395
Erica Sunkin
Edelman
Erica.sunkin@edelman.com
+1 212 729 2126
Marc Prema-Ratner
Managing Director, MPRC Global
marc@m-prconsulting.com
+44 (0) 207 199 3340
Charles Thakker
Account Executive, MPRC Global
charles@m-prconsulting.com
+44 (0) 207 199 3340
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