Broadridge releases SaaS-based futures and options trading platform
12 March 2024 US
Image: AdobeStock/Earth Pixel LLC.
Broadridge has expanded its derivatives execution services with the release of a software-as-a-service platform for futures and options trading.
The company indicates that this fully hosted F&O platform provides an integrated solution tailored for FCMs and agency brokers, offering pre-trade risk management, order routing and execution management and providing links to a wide range of exchange-traded derivatives markets worldwide.
With trading volumes rising in recent years, Broadridge indicates that sell-side firms have typically provided customised solutions for each workflow. This has resulted in a fragmented and non-standardised user experience for trading parties.
The F&O platform aims to deliver high STP rates across the contract lifecycle and a consistent user experience for buy-side clients, while still enabling the sell-side firm to offer customisation for specific workflow channels.
Broadridge’s president of Trading and Connectivity Solutions Ray Tierney says: “While existing systems often lack the flexibility required, Broadridge’s Futures and Options platform stands out for its modular and flexible deployment capability, addressing industry demands head-on.
“We strongly believe this fully hosted solution is a significant step change in order and execution management for the derivatives markets, helping firms simplify and optimise trading.”
The company indicates that this fully hosted F&O platform provides an integrated solution tailored for FCMs and agency brokers, offering pre-trade risk management, order routing and execution management and providing links to a wide range of exchange-traded derivatives markets worldwide.
With trading volumes rising in recent years, Broadridge indicates that sell-side firms have typically provided customised solutions for each workflow. This has resulted in a fragmented and non-standardised user experience for trading parties.
The F&O platform aims to deliver high STP rates across the contract lifecycle and a consistent user experience for buy-side clients, while still enabling the sell-side firm to offer customisation for specific workflow channels.
Broadridge’s president of Trading and Connectivity Solutions Ray Tierney says: “While existing systems often lack the flexibility required, Broadridge’s Futures and Options platform stands out for its modular and flexible deployment capability, addressing industry demands head-on.
“We strongly believe this fully hosted solution is a significant step change in order and execution management for the derivatives markets, helping firms simplify and optimise trading.”
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