R.J. O’Brien selects Broadridge’s post-trade platform for ETD operations
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R.J. O’Brien selects Broadridge’s post-trade platform for ETD operations 12 November 2020US Reporter: Maddie Saghir
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Broadridge has been appointed by R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the US, to deliver efficiency across its global exchange-traded derivatives (ETD) operations.
The platform will support RJO with strategic growth plans and help it to adapt to market change.
RJO suggested it will gain productivity and performance improvements through streamlined, real-time processing workflows and exception management rationalising processes previously conducted using two major back-office systems in the US and UK.
The new platform will reduce the complexity and cost of running two separate back-office systems, without the need to maintain the technology and hardware.
Gerald Corcoran, RJO chairman and CEO, commented: “We share a vision with Broadridge for service excellence, transparency and an agile approach to meeting evolving and emerging business requirements.”
Samir Pandiri, president of Broadridge, added: “Working with our platform, RJO will be able to capitalise on the latest technology innovations to meet market change requirements and help drive future growth and redefine its business.”
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