Broadridge launches new multi-asset post-trade processing solution
05 February 2021 Singapore
Image: Shutterstock
Broadridge Financial Solutions has released a new Post-trade FastStart solution to help small and mid-tier brokerage firms access domestic and global markets.
The new solution has been developed based on Broadridge’s post-trade processing platform.
Post-trade FastStart will automate the post-trade process from importing transactions to content verification, matching, sending to and receiving data from settlement institutions, interfacing with domestic and global markets, to the settlement of the trade.
It will enable clients to handle both domestic and foreign equity and bonds, stock lending, collateral management and real-time multi-currency, multi-market transaction processing.
Broadridge explains that with global market connectivity to local agents and custodians via SWIFT messaging, as well as domestic connections, such as BOJ-NET and JASDEC in Japan, SGX-PTS2 in Singapore, and CCASS in Hong Kong, will allow securities firms a quick setup as well as the opportunity for future expansion into new asset classes or geographies.
Danny Green, head of post-trade at Broadridge International, says: “Brokerage firms are facing increasing client demand for a wider variety of products and services, while also dealing with rising system infrastructure costs, ongoing market and regulatory change, and increased risk due to inadequate legacy technology.”
“Firms need to transform their operations to be ready for next for their clients and Post-trade FastStart can meet that challenge with minimal implementation time and a low-cost base,” Green adds.
In January, Broadridge appointed David Ingleson as chief operating officer for Asia Pacific, based in Singapore.
Reporting to Samir Pandiri, president of Broadridge International, Ingleson oversees the regional implementation strategies, direct operations and support capital markets clients in the region.
The new solution has been developed based on Broadridge’s post-trade processing platform.
Post-trade FastStart will automate the post-trade process from importing transactions to content verification, matching, sending to and receiving data from settlement institutions, interfacing with domestic and global markets, to the settlement of the trade.
It will enable clients to handle both domestic and foreign equity and bonds, stock lending, collateral management and real-time multi-currency, multi-market transaction processing.
Broadridge explains that with global market connectivity to local agents and custodians via SWIFT messaging, as well as domestic connections, such as BOJ-NET and JASDEC in Japan, SGX-PTS2 in Singapore, and CCASS in Hong Kong, will allow securities firms a quick setup as well as the opportunity for future expansion into new asset classes or geographies.
Danny Green, head of post-trade at Broadridge International, says: “Brokerage firms are facing increasing client demand for a wider variety of products and services, while also dealing with rising system infrastructure costs, ongoing market and regulatory change, and increased risk due to inadequate legacy technology.”
“Firms need to transform their operations to be ready for next for their clients and Post-trade FastStart can meet that challenge with minimal implementation time and a low-cost base,” Green adds.
In January, Broadridge appointed David Ingleson as chief operating officer for Asia Pacific, based in Singapore.
Reporting to Samir Pandiri, president of Broadridge International, Ingleson oversees the regional implementation strategies, direct operations and support capital markets clients in the region.
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