Broadridge creates a platform delivering
competitive advantages for the Futures Commission Merchant (FCM)
community through the introduction of innovative and disruptive
technologies
NEW
YORK, March 12, 2024 /PRNewswire/ -- Designed to
transform order and execution management capabilities for sell-side
institutions, global Fintech leader, Broadridge Financial
Solutions, Inc. (NYSE:BR), announced today the launch of its global
Futures and Options Software-as-a-Service (SaaS) platform,
expanding its existing derivatives trading capabilities. A top 3
FCM has signed as an anchor client.
The platform represents a significant enhancement to
Broadridge's existing capabilities, enabling the delivery of new
functionalities for global institutions operating in the Futures
& Options agency execution business, offering a distributed
architecture that enables operations from any jurisdiction and
benefitting from Broadridge's broader multi-asset class trading and
operations offering.
"While existing systems often lack the flexibility required,
Broadridge's Futures and Options platform stands out for its
modular and flexible deployment capability, addressing industry
demands head-on," said Ray Tierney,
President of Broadridge Trading and Connectivity Solutions. "We
strongly believe this fully hosted solution is a significant step
change in order and execution management for the derivatives
markets, helping firms simplify and optimize trading."
The Broadridge order management technology platform will
modernize and simplify trading activities, while driving scale and
growth for the listed futures and options marketplace. Broadridge's
Futures and Options (F&O) platform is a comprehensive solution
tailored for futures commission merchants (FCMs) and agency
brokers, providing robust order and execution management
capabilities, access to a diverse range of global listed
derivatives markets along with comprehensive pre-trade risk
management and middle office functionality.
In response to the surge in trading volumes over recent years,
sell-side firms have typically offered customized solutions for
each workflow, resulting in fragmented experiences for buy-side
clients and challenges for sell-side firms in gaining a
comprehensive view of trading activity and risk management.
Broadridge's F&O platform addresses these issues globally by
enabling sell-side firms to customize each workflow channel while
ensuring a consistent experience for buy-side clients, regardless
of asset type. The distributed architecture provides full
flexibility to optimize for performance and scale or to meet
regional demands. Additionally, the seamless integration of
workflows and data coupled with rich automation not only reduces
the burden related to regulatory changes but also allows for
greater transparency and utilization of analytics, ultimately
offering an improved client experience and enhancing operational
effectiveness.
For more information about Broadridge's F&O platform, please
visit Futures & Options Trading Like Never Before.
About Broadridge
Broadridge Financial Solutions (NYSE:
BR), a global Fintech leader with more than $6 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. $10 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:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.