Broadridge Integrated Solution Drives Increased Simplification and Lower Costs Across the Trade Lifecycle

Rhea-AI Summary

Broadridge Financial Solutions (NYSE: BR) launched a new trading solution aimed at enhancing business growth and reducing operational costs by up to 25%. This solution improves straight-through processing and client insights while simplifying the trade lifecycle across front, middle, and back-office capabilities. By leveraging a standardized integration layer and a common data model, the newly integrated platform allows clients to improve efficiency, reduce risk, and gain better trading decisions. Given the current economic uncertainties and regulatory pressures in capital markets, firms are encouraged to adopt such innovations to enhance agility and minimize costs of change. Broadridge, with over $5 billion in revenues and a significant presence in the global financial infrastructure, continues to support financial institutions with technology-driven solutions.

Positive

• Launch of a new trading solution enhancing efficiency and risk management.
• Estimated cost reductions of 20-30% for clients in key operational areas.
• Improved integration across trade lifecycle through standardized data models.

Negative

• None.

Firms enhance business growth, reduce risk, increase efficiency, and reduce addressable costs by up to an estimated 25%

NEW YORK, April 18, 2023 /PRNewswire/ -- Today Broadridge Financial Solutions, Inc. (NYSE: BR) announced the launch of a trading solution that enables clients to achieve increased straight-through processing and efficiency, better trading decisions and client insights, improved controls, and reduced risk. The new solution will enable clients of Broadridge Trading and Connectivity Solutions to achieve greater agility and faster time to market, improved scalability, and reduced fragmentation of interfaces and tech costs.

The new Broadridge offering is built with a standard foundational integration solution across its front, middle and back-office capabilities for trade processing, which leverages an enterprise integration layer and common data model that can be used across the Broadridge product portfolio as well as with third party applications.

"Broadridge's new solution marks a significant evolution in trading technology infrastructure," said Justin Llewellyn-Jones, Broadridge Head of Capital Market Product Strategy. "Currently, firms have several front, middle, and back-office systems that are typically integrated using numerous point-to-point connections each with their own data model, creating fragmentation and complexity. By using our unique ability to look across front, middle, and back as a whole, we are helping our clients solve pain points through trade lifecycle simplification. By utilizing our pre-integrated offering to simplify across the trade lifecycle, firms can simultaneously reduce risk, increase efficiency, enhance business growth and reduce costs by an estimated 20–30% in key areas."

Capital Markets firms face a challenging environment, with economic and geopolitical uncertainty. In addition, regulatory pressures will continue with the shift towards shortened settlement cycles. As a result, it is critical for firms to focus on simplification and innovation across the trade lifecycle to reduce risk and cost of change, while enabling greater business agility. Broadridge's integrated front, middle, and back offering enables these benefits through features such as a common data model, normalized data sources, business insights for the front-office using post-trade data, integrated reporting, a global, multi-asset middle office and a single point of trade capture and management.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work^®, Broadridge is part of the S&P 500^® Index, employing over 14,000 associates in 21 countries.

For more information about us and what we can do for you, please visit www.broadridge.com.

Broadridge Contacts:

Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com

Media:
Tina Wadhwa
Corporate Communications
Tina.Wadhwa@broadridge.com

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is the new trading solution launched by Broadridge (NYSE: BR)?

Broadridge's new trading solution focuses on increasing efficiency, reducing risk, and providing better client insights through integrated technology across the trade lifecycle.

How much can Broadridge's new solution reduce operational costs?

The new solution can reduce operational costs by up to an estimated 25%.

What benefits does Broadridge's integrated solution provide to clients?

The solution offers enhanced business growth, improved trading decisions, better controls, and reduced risk.

When was Broadridge's new trading solution announced?

The new trading solution was announced on April 18, 2023.

What challenges do capital markets firms face that Broadridge's solution addresses?

Firms face economic and geopolitical uncertainties along with regulatory pressures, which Broadridge's solution helps to mitigate through innovation and simplification.