Firms enhance business growth, reduce risk,
increase efficiency, and reduce addressable costs by up to an
estimated 25%
NEW
YORK, April 18, 2023 /PRNewswire/ -- Today
Broadridge Financial Solutions, Inc. (NYSE: BR) announced the
launch of a trading solution that enables clients to achieve
increased straight-through processing and efficiency, better
trading decisions and client insights, improved controls, and
reduced risk. The new solution will enable clients of Broadridge
Trading and Connectivity Solutions to achieve greater agility and
faster time to market, improved scalability, and reduced
fragmentation of interfaces and tech costs.
The new Broadridge offering is built with a standard
foundational integration solution across its front, middle and
back-office capabilities for trade processing, which leverages an
enterprise integration layer and common data model that can be used
across the Broadridge product portfolio as well as with third party
applications.
"Broadridge's new solution marks a significant evolution in
trading technology infrastructure," said Justin Llewellyn-Jones, Broadridge Head of
Capital Market Product Strategy. "Currently, firms have several
front, middle, and back-office systems that are typically
integrated using numerous point-to-point connections each with
their own data model, creating fragmentation and complexity. By
using our unique ability to look across front, middle, and back as
a whole, we are helping our clients solve pain points through trade
lifecycle simplification. By utilizing our pre-integrated offering
to simplify across the trade lifecycle, firms can simultaneously
reduce risk, increase efficiency, enhance business growth and
reduce costs by an estimated 20–30% in key areas."
Capital Markets firms face a challenging environment, with
economic and geopolitical uncertainty. In addition, regulatory
pressures will continue with the shift towards shortened settlement
cycles. As a result, it is critical for firms to focus on
simplification and innovation across the trade lifecycle to reduce
risk and cost of change, while enabling greater business agility.
Broadridge's integrated front, middle, and back offering enables
these benefits through features such as a common data model,
normalized data sources, business insights for the front-office
using post-trade data, integrated reporting, a global, multi-asset
middle office and a single point of trade capture and
management.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $5 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance and communications to enable better
financial lives. We deliver technology-driven solutions that drive
business transformation for banks, broker-dealers, asset and wealth
managers and public companies. Broadridge's infrastructure serves
as a global communications hub enabling corporate governance by
linking thousands of public companies and mutual funds to tens of
millions of individual and institutional investors around the
world. Our technology and operations platforms underpin the daily
trading of more than U.S. $9 trillion
of equities, fixed income and other securities globally. A
certified Great Place to Work®, Broadridge is part of
the S&P 500® Index, employing over 14,000 associates
in 21 countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Tina Wadhwa
Corporate Communications
Tina.Wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.