Broadridge partners with AcadiaSoft 10 December 2014New York Reporter: Stephen Durham
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Broadridge Financial Solutions has enhanced its CollateralPro solution through a new partnership with AcadiaSoft, a company that enables automatic communication and processing of margin calls for collateral management.
Under the agreement AcadiaSoft’s MarginSphere service has been seamlessly integrated with CollateralPro, which is offered to financial institutions as an in-house or Broadridge-hosted solution.
MarginSphere is a margin confirmation network that streamlines communications between counterparties engaged in collateral management.
It is the result of a collaboration between AcadiaSoft and several other financial institutions.
“Broadridge continues to expand its enterprise collateral management capabilities by partnering with best-of-breed solution providers,” said Jerry Friedhoff, managing director of securities financing and collateral management at Broadridge.
“This alliance with AcadiaSoft enhances our collateral management platform by providing full two-way integration between CollateralPro and MarginSphere.”
“By linking CollateralPro with AcadiaSoft’s innovative margin-call messaging and automation utility we can help institutions of all sizes improve productivity and reduce operational risks.”
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