GENEVA, Sept. 26, 2016 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE: BR) today announced the extension
of cash management capabilities to its industry leading Global Post
Trade Management Solution (GPTM), which helps leading financial
institutions optimize their use of capital across multiple
asset classes and global markets. The ability of Broadridge's
GPTM to drive increased operating efficiencies and agility for its
clients has led to its adoption by the world's leading financial
institutions.
GPTM with cash management capabilities allows financial
institutions to manage cash, payments and foreign exchange across
asset classes and borders in real-time. Through the single
view of global trades and cash, banks can truly optimize the use
and cost of capital and manage risk and liquidity across business
entities. Banks can also improve their client services and
experience by providing a single view of positions and cash across
asset classes and markets to their clients.
Since its launch this past May, three of the world's leading
financial institutions have chosen GPTM as the strategic platform
to streamline operations and transform to their target operating
model by consolidating multiple disparate systems and standardizing
operational processes. Two of the new clients chose GPTM as
their single, strategic solution for fixed income processing
globally, consolidating multiple platforms across regions.
The third chose the solution to unify its equity and fixed
income processing for operations in EMEA and a range of
Asia Pacific operations.
"Leading firms now recognize the opportunity to improve
profitability by standardizing and streamlining their post trade
processing systems and operational processes," said Tom Carey, president, Global Technology and
Operations International, Broadridge. "The signing of these
three significant global firms, and the demand for the solution,
demonstrate the evolution of the market and the relevance of our
investments to our clients."
"With integrated cash management, GPTM offers a unified
real-time view of trade and cash positions," Carey continued. "This
enables firms to optimize their cash usage and manage risks, all
through one platform, one view, and one experience."
GPTM supports multiple asset classes across global markets,
including equity, fixed income, foreign exchange, money
markets, exchange-traded derivatives and trade financing. The
solution leverages new technology and a new, componentized
architecture to provide clients with an integrated enterprise
platform that standardizes post-trade processing and operations.
GPTM can be deployed as a technology service or a fully outsourced
managed service, delivering operational and technological
capabilities 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 other corporations.
Broadridge's investor and customer 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 more than 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
10,000 associates in 16 countries.
For more information about Broadridge, please
visit www.broadridge.com.
Media Contact:
Suzanne
Hallberg
Broadridge
suzanne.hallberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.