The implementation will support multi-asset trading, pricing, and position management.
Danske Bank will be supporting multi-asset trading, pricing, and position management via the Tbricks managed solutions for the front office from Broadridge Financial Solutions, officials say.
Tbricks will facilitate multi-asset transactions and market-making via a modular, customizable, and scalable managed transaction platform. The system offers a user interface and built-in functions that can integrate with existing systems at Danske, officials say.
Firms can choose from “300-plus customizable Tbricks apps to trade equities, derivatives, and FX across 100+ trading venues globally,” Broadridge officials say. The system will support volatility trading and pricing; options trading and market-making; ETF trading; risk and position management; and smart order routing.
With Tbricks, Danske Bank is expanding an ongoing relationship with Broadridge, and the Tbricks services will be deployed across Danske Bank locations, officials say.
Based in Copenhagen, Danske Bank offers a variety of funding, risk management, and investment services, including specialized finance, structured transactions, loan syndications, credit structuring, and wholesale equities trading, officials say. The core markets for the bank are Sweden, Norway, Finland, and Denmark.
Tbricks “presents us with the latest in trading technology, as well as a long-term partner which over time can expand our offerings within the equities and derivatives trading space,” says Claus Harder, global head of markets and transaction banking at Danske Bank, in a prepared statement.
In addition to Tbricks, Broadridge’s offerings encompass a range of systems, services, and applications that support securities operations.
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