FOW Asia Awards: Broadridge's multi-asset, real-time post-trade solutions
Awards for Asia special focus
Broadridge, a leading provider of technology and operations, communications, and data and analytics solutions for financial services firms, has been developing and enhancing middle-to-back-office derivatives clearing offerings over the past five years.
Based on this investment, its Global Post-Trade Management
(GPTM) solution now offers functionality across all asset classes, contributing
to operational efficiency in its clients’ brokerage and clearing
operations.
GPTM receives FOW Post Trade award
This year, FOW has recognised Broadridge in its Post Trade award category. In its decision, the judges highlighted the company’s consistent investment in the Asia market and its expanding, localised reach across the region.
One example cited was Broadridge’s support for SGX’s new post-trade
platform, which became the first to pass all conformance tests, enabling it to
deliver clients a one-stop solution for retail and institutional business in
Singapore in addition to the extended capability for trades under the
Shanghai-Hong Kong Stock Connect in Hong Kong.
According to Nachi Muthu, Head of Derivatives Trading and
Clearing Solutions at Broadridge, the firm’s integrated solutions have the
potential to replace multiple legacy systems.
“Derivatives clearing in particular is still dominated by
legacy systems that cannot easily meet the performance and functionality
required to meet current regulatory requirements and client demands.”
“Broadridge’s solution, on the other hand, recognises that
today’s clearing environment requires real-time, straight-through processing
(STP) functionality across the middle and back offices to match increasingly
sophisticated front-office trading capabilities.”
Unified multi-asset solution enhances risk management
According to Paul Clark, Head of Institutional Strategy and Product Management at Broadridge, the firm has aggressively expanded its asset class coverage in recent years to meet the increasing need for post trade solutions that deliver a holistic view of trades, positions, balances and P&L across asset classes.
As a result, Broadridge technology now supports full STP
across all middle and back office functions, reducing operational risk by
enabling standardised workflow while also supporting exception
management. At the same time, the solution delivers a single enterprise
view of transactions and positions, facilitating information flow to enhance
risk management amid ever-increasing regulatory pressure.
Today the firm works with leading global banks and local
brokerages, delivering scalable technology solutions that can connect with
existing technology stacks, eliminate redundancies and improve productivity
across the trade cycle.
At a time when margins and capital structures are under
pressure like never before, Broadridge delivers on-demand, sub-second initial
margin calculations and enhanced insight to client portfolios across 60 major
derivatives markets. With full collateral lifecycle management, the operational
efficiencies realised enable interactive exposure management and enhanced
client service.
Clark summed up the value proposition, explaining that: “These advances can translate into a competitive advantage by giving end clients access to real-time data across asset classes, providing holistic insight to global, multi-asset portfolios at any point in time.”
For more information, contact:
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you