“We have been impressed by the resilience of Broadridge’s systems and, as a technology partner, Broadridge understands and supports multiple markets," says Andy Maynard
“This is the first step in the transformation of the repo markets using smart contracts and distributed ledger technology,” says Broadridge president of capital markets Vijay Mayadas
In his new role, Taylor will help shape Broadridge’s international go-to-market strategy, drive business development and expand the wider international solution sales team
Itiviti will become part of Broadridge’s Global Technology and Operations segment and its senior management team, led by CEO Rob Mackay, will remain with the company to drive future growth
FinOptSys, a new financial resources, collateral and balance sheet optimisation platform, incorporating ‘true’ peer-to-peer trading functionality, has come to market promising, with backing from John Stracquadanio and Kevin Felix at Appia Ventures
The enhanced platform offers a fully automated interface that will support the daily updating of client holdings in the FundApps system and maintain a global database of companies and regulations, Broadridge says
Over the next 12 months, Broadridge hopes many of the current operational challenges will be resolved but expects an ongoing high focus in this area, especially for global intermediaries
“Joining Broadridge represents an exciting next chapter for our business and team by creating a leading front-to-back capital markets technology and operations provider,” says Itiviti’s CEO Rob Mackay
In the current market environment, the process of resolving settlement failures is manual, which Broadridge explains leads to greater operational risk, inefficiency, a challenging user experience, and regulatory non-compliance under CSDR requirements
The Broadridge and Virtu partnership will provide a solution for asset managers to disclose transaction costs as they fulfil MiFID II and PRIIPs fund reporting requirements
Broadridge has partnered with sustainable investment research firm Third Economy to provide a new offering to better help companies and investors enhance their ESG programmes
Broadridge is building and testing in its role as an SFT submitter for the new SFT clearing service offered by DTCC’s NSCC, which is expected to launch in Q3