Broadridge releases front-to-back trading solution
18 April 2023 UK
Image: AdobeStock/zobaair
Broadridge has released a trading solution designed to enhance STP rates and efficiency across the trade lifecycle, while enhancing pre-trade information and clients’ ability to make better trading decisions.
This applies an enterprise integration layer and common domain model to deliver a standard foundational integration solution across front, middle and back-office functions for trade processing, enabling standardisation across Broadridge services and those of third parties.
Reflecting on the challenging economic, geopolitical and regulatory environment confronting capital markets, Broadridge indicates that it is essential for firms to concentrate on simplifying processes and driving innovation across the transaction lifecycle to lower the risk and cost of change, while setting a foundation for agile business development in times ahead.
According to Broadridge, this integrated front, middle and back-office solution delivers these benefits through use of a common domain model, normalised data sources and applying post-trade data to extract deeper trading insights for the front office. This is supported by integrated reporting, a single point of trade capture and a multi-asset middle office that supports the client’s trading activities globally.
Broadridge’s head of capital market product strategy Justin Llewellyn-Jones says: “Broadridge’s new solution marks a significant evolution in trading technology infrastructure. Currently, firms have several front, middle and back-office systems that are typically integrated using numerous point-to-point connections, each with their own data model, creating fragmentation and complexity.
“By using our ability to look across front, middle and back as a whole, we are helping our clients solve pain points through trade lifecycle simplification. By utilising our pre-integrated offering to simplify across the trade lifecycle, firms can simultaneously reduce risk, increase efficiency, enhance business growth and reduce costs by an estimated 20 to 30 per cent in key areas.”
The company says that the new solution will enable clients of Broadridge Trading and Connectivity solutions to secure greater scalability, faster time to market and it will reduce interface fragmentation.
This applies an enterprise integration layer and common domain model to deliver a standard foundational integration solution across front, middle and back-office functions for trade processing, enabling standardisation across Broadridge services and those of third parties.
Reflecting on the challenging economic, geopolitical and regulatory environment confronting capital markets, Broadridge indicates that it is essential for firms to concentrate on simplifying processes and driving innovation across the transaction lifecycle to lower the risk and cost of change, while setting a foundation for agile business development in times ahead.
According to Broadridge, this integrated front, middle and back-office solution delivers these benefits through use of a common domain model, normalised data sources and applying post-trade data to extract deeper trading insights for the front office. This is supported by integrated reporting, a single point of trade capture and a multi-asset middle office that supports the client’s trading activities globally.
Broadridge’s head of capital market product strategy Justin Llewellyn-Jones says: “Broadridge’s new solution marks a significant evolution in trading technology infrastructure. Currently, firms have several front, middle and back-office systems that are typically integrated using numerous point-to-point connections, each with their own data model, creating fragmentation and complexity.
“By using our ability to look across front, middle and back as a whole, we are helping our clients solve pain points through trade lifecycle simplification. By utilising our pre-integrated offering to simplify across the trade lifecycle, firms can simultaneously reduce risk, increase efficiency, enhance business growth and reduce costs by an estimated 20 to 30 per cent in key areas.”
The company says that the new solution will enable clients of Broadridge Trading and Connectivity solutions to secure greater scalability, faster time to market and it will reduce interface fragmentation.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
