Broadridge launches Tradeverse data platform 03 September 2024US Reporter: Clelia Frondaroli
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Broadridge has launched Tradeverse, a data platform that the company says will enable firms to better manage their trading data.
The platform consolidates real-time multi-asset class data from a variety of vendor applications and platforms. Broadridge says this will provide clear insights for key functions such as risk, operations, and regulations via a unified data source.
According to Broadridge, the platform can further be used in harmony with the company’s generative AI tool for operations,OpsGPT, to implement productivity gains such as settlement fails analysis.
Hugh Daly, head of data and AI at Capital Markets, Broadridge, states: “A Tradeverse implementation we’ve recently completed with a global bank is proving the power of harmonising trade data. The solution delivers efficiencies for regulatory reporting and compliance teams, allowing direct access to the data for business users initiating complex searches.”
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