The new platform expands Broadridge’s support for derivatives trading.
Broadridge Financial Solutions has just launched a Software-as-a-Service (SaaS) platform, dubbed Broadridge Futures and Options (F&O), to “transform order and execution management capabilities for sell-side institutions,” according to the post-trade systems and services provider.
The new F&O platform, which expands Broadridge’s support for derivatives trading, has been “tailored for futures commission merchants (FCMs) and agency brokers,” officials say.
The order and execution management services will provide “access to a diverse range of global listed derivatives markets along with comprehensive pre-trade risk management and middle office functionality,” officials add.
The new platform “stands out for its modular and flexible deployment capability, addressing industry demands head-on,” says Ray Tierney, president of Broadridge Trading and Connectivity Solutions, in a prepared statement.
“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,” according to Broadridge.
The Broadridge F&O platform will help sell-side firms “customize each workflow channel while ensuring a standardized experience for buy-side clients, regardless of asset type,” officials say.
The distributed architecture for the new platform offers “flexibility to optimize for performance and scale or to meet regional demands,” officials say. The new system also integrates workflows and data and “allows for greater transparency and utilization of analytics.”
The platform is intended to improve the client experience and operational effectiveness.
Broadridge offers solutions for banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure supports “the daily trading of more than $10 trillion of equities, fixed income, and other securities globally,” officials say.
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