MIAMI, May 3, 2016 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR)
today announced the introduction of its Global Post Trade
Management (GPTM) solution, a next generation offering that allows
investment banks and broker-dealers to transform their operating
models to gain operational and cost efficiency. The solution
enables transformation by streamlining operations across asset
classes, markets and business entities globally, and enhances
banks' and brokers' financial and risk management and regulatory
compliance capabilities.
The solution, which has already been adopted by a major
investment bank, leverages a new componentized technology
architecture to provide financial institutions with a consolidated
enterprise platform that standardizes post-trade processing,
eliminating duplicative operations and information silos and
reducing processing and support costs. Through GPTM, global banks
and brokers will have greater transparency and real-time visibility
on global trades, positions, P&L and a consolidated sub-ledger,
enabling greater financial and risk management and regulatory
compliance. GPTM leverages Broadridge's existing best-in-class
solutions and services that are used by firms of all sizes.
"Financial institutions globally are adjusting to a new market
and regulatory landscape that requires more information and
increased transparency for regulators, clients and their risk and
finance functions," said Arin Ray,
analyst, Global Financial Services Securities & Investments
Group, Celent. "As a result, standardized and streamlined
post-trade processing and management across all capital markets
functions is increasingly critical. The GPTM solution is an
innovative platform built on Broadridge's proven technology
capabilities and decades of expertise and is designed to meet
banks' current needs as well as provide a model for future
strategic business growth."
Charlie Marchesani, president,
Global Technology and Operations at Broadridge, said: "Global
investment banks are facing unprecedented regulatory and cost
pressures and require solutions that allow them to consolidate
duplicative operations, systems and processes to gain business
efficiencies and improve profitability. GPTM is built on the
foundation of Broadridge's global capital markets expertise, and we
view this as a truly transformative platform that helps financial
institutions gain a significant operational advantage, removing
multiple incumbent systems and complex deployments."
Global Post Trade Management can be deployed as a technology
service or a fully outsourced Managed Service, including operations
and technology functions from trade capture through matching and
confirmation, clearance and settlement, cash management,
reconciliations, asset servicing, books and records, accounting and
regulatory reporting.
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.
Media Contacts
Kate
McGann
Broadridge
Katherine.mcgann@broadridge.com
212.981.1395
Brett Philbin
Edelman
Brett.philbin@edelman.com
212.704.8263
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SOURCE Broadridge Financial Solutions, Inc.