LONDON and LAKE SUCCESS,
N.Y., Jan. 25, 2018 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR) today
announced the launch of its new Repo Order Quote (ROQ) solution, a
multi-market aggregation and execution tool for repo markets. The
solution is now in use with a major European bank. ROQ allows
repo traders to view liquidity and pricing across multiple
electronic marketplaces. The system enables traders to see demand
and availability for each term, security, or basket of general
collateral securities and also provides the ability to quote and
execute on an aggregate basis. ROQ provides traders a competitive
advantage by helping them implement their trading strategies more
effectively via real time inventory optimization and revenue
analysis tools.
"The Repo Order Quote solution is a great example of Broadridge
bringing real technology-led enhancements to capital markets
clients, helping them get ahead of today's challenges and
capitalize on tomorrow's opportunities," said Jerry Friedhoff, head of Broadridge's securities
finance and collateral management business. "ROQ also enables repo
desks to automate their trading activities via our unique
combination of algorithmic execution and global inventory."
ROQ is a powerful new addition to Broadridge's existing
Securities Finance and Collateral Management (SFCM) solutions,
making trading easier and more profitable for capital markets
clients. It can be used as part of Broadridge's integrated SFCM
suite or interfaced with any major securities finance trading or
inventory system.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR), the $4 billion 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 50 percent of public companies and mutual funds
globally, 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.
Investors:
W. Edings Thibault
Head of Investor Relations
+1 516-472-5129
edings.thibault@broadridge.com
Media:
Tina Wadhwa
Corporate Communications
+1 212-973-6164
tina.wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.