NEW YORK, Nov. 12, 2020 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE:BR),
a global Fintech leader, today announced that R.J. O'Brien &
Associates (RJO), the oldest and largest independent futures
brokerage and clearing firm in the United States, has selected
Broadridge's post-trade platform to deliver transformational
levels of efficiency across its global exchange-traded derivatives
operations.
Broadridge's advanced, integrated processing platform for global
derivatives will provide RJO with a scalable, agile platform to
support its strategic growth plans and adapt to market change. RJO
will gain significant productivity and performance improvements
through streamlined, real-time processing workflows and proactive
exception management rationalizing processes previously conducted
using two major back-office systems in the U.S. and UK.
The new platform will reduce the complexity and cost of running
two separate back-office systems, without the need to maintain the
technology and hardware. It will provide RJO with a single solution
for all asset classes supported by the firm globally.
"We selected Broadridge as our strategic partner on this
important infrastructure initiative to help us set a new industry
standard for global derivatives processing," said Gerald Corcoran, RJO Chairman and CEO. "We
share a vision with Broadridge for service excellence, transparency
and an agile approach to meeting evolving and emerging business
requirements. Many of the world's largest banks and securities
firms leverage Broadridge solutions on the securities side; we are
excited to forge new ground as Broadridge's first customer of this
important new back-office platform for exchange-traded derivatives.
We were similarly a first mover over three decades ago in adopting
a back-office platform that later became the flagship system in the
industry."
"Working with our platform, RJO will be able to capitalize on
the latest technology innovations to meet market change
requirements and help drive future growth and redefine its
business," said Samir Pandiri,
President, Broadridge International. "It is a privilege to work
with RJO, a globally recognized derivatives leader, to support and
enable its global exchange-traded derivatives transformation
strategy."
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4
billion global Fintech leader, is a leading provider of
investor communications and technology-driven solutions to banks,
broker-dealers, asset and wealth managers and corporate issuers.
Broadridge's infrastructure underpins proxy voting services for
over 50 percent of public companies and mutual funds globally, and
processes on average more than $8 trillion in fixed
income and equity securities trades per day. Broadridge is part of
the S&P 500® Index and employs over 12,000
associates in 17 countries.
For more information about Broadridge, please visit
www.broadridge.com.
About R.J. O'Brien & Associates
Founded in 1914, R.J. O'Brien & Associates is the
largest independent futures brokerage and clearing firm in
the United States, serving more
than 80,000 institutional, commercial and individual clients
globally, in addition to a network of approximately 300 introducing
brokers (IBs). RJO services the industry's most expansive global
network of IBs, a vast array of middle market firms and many of the
world's largest financial, industrial and agricultural
institutions. The firm offers state-of-the-art electronic trading
and 24-hour trade execution on every major futures exchange
worldwide. RJO has received the FOW International Award for
Non-Bank FCM of the Year for the past four years. Wealth and
Finance International Magazine named the company's private client
division, RJO Futures, 2018's Most Trusted Financial Brokerage
Firm. At the HFM US Quant Awards 2020, RJO won the award for Best
Independent FCM – the eighth honor bestowed by the HFM Global
publications on RJO and its UK affiliate.
Contact Information
Investors:
W. Edings
Thibault
Investor Relations
(516) 472-5129
Media:
For Broadridge:
Gregg Rosenberg
Corporate Communications, Broadridge
(212) 918-6966
gregg.rosenberg@broadridge.com
For R.J. O'Brien:
Ellen G. Resnick
Crystal Clear Communications
+773-929-9292; +312-399-9295 (mobile)
eresnick@crystalclearPR.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/rj-obrien-selects-broadridge-to-transform-its-exchange-traded-derivatives-operations-globally-301171702.html
SOURCE Broadridge Financial Solutions, Inc.; R.J. O’Brien &
Associates