LONDON, May 11, 2016 /PRNewswire/ -- Broadridge Financial
Solutions, Inc. (NYSE:BR) today announced that it has broadened its
Global Post Trade Management (GPTM) solution, adding
exchange-traded derivatives functionality through the acquisition
of Dojima LLC.
Through this acquisition, Broadridge Global Post Trade
Management will facilitate central clearing for exchange-traded
derivatives, which encompasses connectivity to global clearing
houses and exchanges through its global, multi-asset class
post-trade solution. Terms of the deal were not disclosed.
Dojima's solution, rebranded as Broadridge Derivatives Clearing,
a component of GPTM, offers a modern, multi-asset multi-tenant
clearing and connectivity platform for exchange-traded and cleared
OTC derivatives. Its real-time, rules driven, auto-clearing
facilities allow trades to flow seamlessly from global clearing
houses to clearing members through to end-clients within seconds.
It provides a highly flexible interface that accelerates time to
market while addressing the rapidly-changing and complex
requirements of derivative reforms. Following Broadridge's recent
strategic alliance with The Technancial Company to provide margin
calculation capabilities, this deal completes the creation of a
best-of-breed clearing solution for exchange-traded
derivatives.
"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," said Tom
Carey, president, Global Technology and Operations
International, Broadridge.
"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," Carey said.
Nachi Muthu, Head of Derivatives
Trading and Clearing Solutions, Global Technology and Operations,
International at Broadridge and former CEO of Dojima, said:
"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."
Broadridge's Global Post Trade Management can be deployed
as a technology platform or fully outsourced managed service,
delivering operational and technological 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.
About Dojima
Dojima is a niche technology firm founded
by industry veterans who recognized the need for an effective
technical solution to meet the challenges posed by evolving global
derivatives reforms. The firm provides global trading, clearing,
matching and connectivity solutions based out of New York, London, Singapore and Chennai. Its multi-tenant SaaS-based delivery
model helps clients to reduce total cost of ownership while meeting
the regulatory and business challenges facing the derivatives
industry.
Forward-Looking Statements
This press release and
other written or oral statements made from time to time by
representatives of Broadridge may contain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements that are not historical in nature,
and which may be identified by the use of words such as "expects,"
"assumes," "projects," "anticipates," "estimates," "we believe,"
"could be" and other words of similar meaning, are forward-looking
statements. These statements are based on management's expectations
and assumptions and are subject to risks and uncertainties that may
cause actual results to differ materially from those expressed.
These risks and uncertainties include those risk factors discussed
in Part I, "Item 1A. Risk Factors" of our Annual Report on Form
10-K for the fiscal year ended June 30, 2015 (the "2015 Annual
Report"), as they may be updated in any future reports filed with
the Securities and Exchange Commission. All forward-looking
statements speak only as of the date of this press release and are
expressly qualified in their entirety by reference to the factors
discussed in the 2015 Annual Report.
These risks include: the success of Broadridge in retaining and
selling additional services to its existing clients and in
obtaining new clients; Broadridge's reliance on a relatively small
number of clients, the continued financial health of those clients,
and the continued use by such clients of Broadridge's services with
favorable pricing terms; changes in laws and regulations affecting
Broadridge's clients or the services provided by Broadridge;
declines in participation and activity in the securities markets;
any material breach of Broadridge security affecting its clients'
customer information; the failure of Broadridge's outsourced data
center services provider to provide the anticipated levels of
service; a disaster or other significant slowdown or failure of
Broadridge's systems or error in the performance of Broadridge's
services; overall market and economic conditions and their impact
on the securities markets; Broadridge's failure to keep pace with
changes in technology and demands of its clients; Broadridge's
ability to attract and retain key personnel; the impact of new
acquisitions and divestitures; and competitive conditions.
Broadridge disclaims any obligation to update or revise
forward-looking statements that may be made to reflect events or
circumstances that arise after the date made or to reflect the
occurrence of unanticipated events, other than as required by
law.
Media Contacts
Kate
McGann
Broadridge Financial Solutions
Katherine.mcgann@broadridge.com
+1 212 981 1395
Brett Philbin
Edelman
Brett.philbin@edelman.com
+1 212 704 8263
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