Americas Executions Leverages Broadridge Technology to Support New Securities Lending Business
Rhea-AI Summary
Americas Executions (AmerX), a full-service broker-dealer, has implemented Broadridge Financial Solutions' Securities Finance and Collateral Management (SFCM) platform to support its newly launched securities lending business. The SFCM technology will enable AmerX to efficiently manage operations, enhance transparency, and ensure regulatory compliance.
Key benefits of the SFCM platform include:
- Efficient management of securities lending operations
- Collateral management
- Trade lifecycle management
- Risk assessment
- Streamlined processes
The implementation aligns with the evolving securities finance landscape, where firms are shifting to self-clearing models and introducing new products to diversify revenue streams. Broadridge's SFCM platform offers a comprehensive, front-to-back SaaS solution for securities finance, supporting business growth and expansion into new markets.
Positive
- AmerX implements Broadridge's SFCM platform to support new securities lending business
- SFCM enables efficient management of securities lending operations, enhancing transparency and regulatory compliance
- Platform supports AmerX's business growth and expansion into new markets
- SFCM offers comprehensive front-to-back SaaS solution for securities finance
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, BR declined 1.31%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"As we launch AmerX's new securities lending business, Broadridge's advanced solution provides the essential system functionalities to enable us to offer new products and services that address the growing needs of our clients, which is crucial for business growth," said Kevin Cryan, AmerX Managing Director, Head of Securities Lending.
Broadridge's SFCM platform will enable AmerX to efficiently manage its securities lending operations, including collateral management, trade lifecycle management and risk assessment, which will ensure a streamlined process, enhance transparency, as well as compliance with regulatory requirements.
"Broadridge's advanced technology simplifies and innovates trading within a complex ecosystem through globally scalable solutions," said Darren Crowther, Head of Broadridge Securities Finance and Collateral Management. "SFCM's comprehensive and scalable foundation will support AmerX in strengthening operations and enabling growth in an ever-evolving financial landscape.
Evolving Securities Finance Landscape
Changes in the securities finance landscape are motivating banks, broker-dealers and start-up firms to shift from fully disclosed to self-clearing models, while introducing new products to diversify revenue streams and meet the evolving needs of an expanding investor base. Broadridge's SFCM platform is designed to streamline workflows, enhance efficiency and offer pricing flexibility along with essential system functionalities.
Driving Client Growth Initiatives
Broadridge's advanced technology simplifies and innovates trading within a complex ecosystem through globally scalable solutions. The SFCM platform offers a comprehensive, front-to-back SaaS solution for securities finance, widely used across global buy- and sell-side markets, including securities lending, repo and collateral trading. By leveraging SFCM, firms enhance their existing securities finance operation, enabling expansion into new international markets and other opportunities. The platform's robust, scalable foundation supports business growth, providing the flexibility and functionality needed to drive success in an ever-evolving financial landscape.
About AmerX
Lucid Capital Markets ("Lucid"), doing business as Americas Executions ("AmerX"), is a member of the New York Stock Exchange as well as an SEC and FINRA-registered broker-dealer. As one of the largest firms on the NYSE trading floor, AmerX and its team have decades of cumulative experience in financial markets, managing an array of products and offering a bespoke suite of services. As a full-service Broker Dealer, AmerX provides tailored Securities Lending services, custody and clearing as well as Investment Banking solutions to its clients.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/americas-executions-leverages-broadridge-technology-to-support-new-securities-lending-business-302272282.html
SOURCE Broadridge Financial Solutions, Inc.
FAQ
What technology is AmerX using for its new securities lending business?
How will the SFCM platform benefit AmerX's securities lending operations?
What are the key features of Broadridge's SFCM platform (BR)?
How does the SFCM platform address the evolving securities finance landscape?
