Broadridge invests in derivatives tech
12 June 2014 New York
Image: Shutterstock
Broadridge Financial Solutions has extended its investments in exchange-traded derivatives technology.
This decision was based on Broadridge’s long-term strategy to invest in a single processing solution for asset groups, equities, fixed income, money markets and derivatives.
It was also a response to a current trend, as firms “increasingly seek to streamline their operations across business silos”.
Paul Clark, head of institutional strategy and product management at Broadridge, said: “Recent years have seen a tremendous growth in multi-asset trading, and it is essential that firms’ post-trade operations are geared to help them capitalise on these new opportunities.”
Clark added: “Our solution’s breadth continues to increase, enabling business areas across the capital markets spectrum to maximise their STP and workflow control, while gaining a central, business-wide cross-asset position management capability.”
Broadridge’s most recent investments include the addition of commodity-based futures and options to the range of exchange-traded and OTC derivatives currently available on its processing solution.
The expanded capabilities also include real-time market connectivity to Intercontinental Exchange, enabling a pathway to 17 futures and options exchanges, plus connections to a range of central clearing counterparties.
This decision was based on Broadridge’s long-term strategy to invest in a single processing solution for asset groups, equities, fixed income, money markets and derivatives.
It was also a response to a current trend, as firms “increasingly seek to streamline their operations across business silos”.
Paul Clark, head of institutional strategy and product management at Broadridge, said: “Recent years have seen a tremendous growth in multi-asset trading, and it is essential that firms’ post-trade operations are geared to help them capitalise on these new opportunities.”
Clark added: “Our solution’s breadth continues to increase, enabling business areas across the capital markets spectrum to maximise their STP and workflow control, while gaining a central, business-wide cross-asset position management capability.”
Broadridge’s most recent investments include the addition of commodity-based futures and options to the range of exchange-traded and OTC derivatives currently available on its processing solution.
The expanded capabilities also include real-time market connectivity to Intercontinental Exchange, enabling a pathway to 17 futures and options exchanges, plus connections to a range of central clearing counterparties.
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