Broadridge: Mitigating Risks with Cutting-edge Technology
David Becker , MD, Asia PacificWith over 50 years of experience, the team at Broadridge provides a range of credit and market risk solutions that enable financial institutions to meet the changing regulatory landscape and give management the tools to take more control of their risk exposure and appetite in real time. “We’re at the forefront of helping clients engage their customers, optimize efficiency, and accelerate growth in a rapidly changing—and challenging—business environment,” says David Becker-Managing Director, Head of Asia Pacific, Broadridge.
Headquartered in New York, U.S., Broadridge serves clients across capital markets, asset management, wealth management and corporations. The firm offers clients secured, standardized, and shared solutions that provide middle and back-office functions at scale, enabling them to reduce costs and drive growth in an increasingly challenging environment. It is the combination of scale and best-in-class technology that allows Broadridge to create the most efficient processes for its clients, with strong controls and data security in place.
Last year, Broadridge launched its next generation offering, Global Post-Trade Management (GPTM), which allows capital market firms to transform their operating models and gain operational and cost efficiencies. It is designed to address the growing requirement for information and transparency in a changing regulatory environment, while strengthening clients’ financial, risk management and compliance processes.
The integrated multi-asset class approach to data management and risk management systems reduces risk from siloed “vertical” risk systems thereby giving management true oversight of the entire firm’s risk
The integrated multi-asset class approach to data management and risk management systems reduces risk from siloed “vertical” risk systems – thereby giving management true oversight of the entire firm’s risk.
Broadridge’s risk management suite has always helped its clients to unlock business value and be competitive in a challenging market environment. Broadridge recently helped a Tier 1 global financial institution to streamline its various processing systems into a single workflow thus removing the complexity and inefficiency in their system. The financial group was in need of a one-stop solution to combine all its processing functions into a single system. Broadridge’s solution enabled the client to optimize the operational process and improve the transparency of regulatory reporting.
Broadridge is following a two-pronged approach to service clients today and in the future. The company provides the latest technology that can be deployed to clients today, and invests strategically in technology that the firm believes will transform the industry over the next few years. One of those transformative technologies is blockchain. Broadridge is taking a number of steps to help its clients benefit from this new technology. Its strategy is to invest organically, as well as through leading innovation in this space. In 2016 Broadridge made a minority investment in Digital Asset Holdings, a start-up which is working to use distributed ledger technology to settle short-term lending arrangements between dealers, among other things. It also recently joined the Hyperledger Project, an open-source project advancing common blockchain standards. And in September Broadridge acquired technology assets of Inveshare to use these technology assets to develop blockchain applications for the proxy business.
“We firmly believe that blockchain will reshape and transform the financial services industry. Through the investments we are making in this technology we are well positioned to partner with our clients to support them all the way through this transition,” concludes Becker.
broadridge News
Israel Based Phoenix Leverages Broadridge's Order Management System to Drive International Institutional Trading Expansion
Broadridge Launches Global Futures and Options Fully Hosted Trading Platform to Expand Derivatives Trading Capabilities
NEW YORK,– 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.
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.
“We are proud to offer direct market access to the Tel Aviv Stock Exchange to our clients, fully managed and hosted by Broadridge in the London Data Center environment,” said Elad Burshtein, CEO of Phoenix’s Brokerage and Portfolio Management platform. “Broadridge’s solution significantly improves the toolkit available to international clients wishing to access the TASE. This strategic partnership is a sign of our commitment to innovation, client service and strategic value creation within Israeli capital markets. This initiative will facilitate greater access for international institutions to the Israeli capital market.”
“With advanced trading tools and reliable technology, Broadridge’s fully hosted OMS will enable Phoenix to deepen its already distinctive institutional value proposition,” said Ofir Gefen, Managing Director EMEA and APAC, Broadridge Trading and Connectivity Solutions. “Israel is an important market for Broadridge in EMEA, and we are looking forward to a long-lasting relationship with Phoenix.”
Macroeconomic trends and the emphasis on operational resilience are leading firms to look for rich functionality and reduced costs of ownership of solutions. Broadridge’s OMS supports high- and low-touch workflows with powerful tools for compliance and a seamless integration to solutions across the trade lifecycle. The OMS is connected to over 200 exchanges with multi asset class capabilities and utilized by over 150 firms and five thousand active traders globally.