Broadridge launches FinancePro securities solution
22 March 2012 Lake Success
Image: Shutterstock
Broadridge Financial Solutions has launched FinancePro, a global, multi-asset, multi-currency securities financing solution.
Broadridge aims for the offering to enhance funding activities of financial institutions, by efficiently scaling their repo, treasury and securities lending desks.
The solution enables comprehensive tracking and management of positions throughout the entire lifecycle of a financing transaction, with a ‘Tri-party Allocation Simulator’ allowing firms to optimize the collateral allocations within tri-party trades prior to submission to the clearing bank, hopefully reducing funding expenses.
"Given the rapidly changing regulatory and credit landscape, global financial institutions are expressing a greater need for sophisticated, high-quality solutions that will help them better manage and monitor their financing activity while reducing market, operational and counter-party risk," said Michael Hopkins, president of Broadridge.
Broadridge aims for the offering to enhance funding activities of financial institutions, by efficiently scaling their repo, treasury and securities lending desks.
The solution enables comprehensive tracking and management of positions throughout the entire lifecycle of a financing transaction, with a ‘Tri-party Allocation Simulator’ allowing firms to optimize the collateral allocations within tri-party trades prior to submission to the clearing bank, hopefully reducing funding expenses.
"Given the rapidly changing regulatory and credit landscape, global financial institutions are expressing a greater need for sophisticated, high-quality solutions that will help them better manage and monitor their financing activity while reducing market, operational and counter-party risk," said Michael Hopkins, president of Broadridge.
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