Broadridge Teams with OpenFin to Offer Enhanced Digital Workspace for Portfolio Managers and Traders

Rhea-AI Summary

On July 19, 2021, Broadridge Financial Solutions (NYSE: BR) announced a partnership with OpenFin to enhance its trading and portfolio management solutions. This collaboration aims to improve the productivity and efficiency of asset managers by providing a customizable digital workspace. The new solution features componentized apps and intuitive workflows, allowing users to manage their desktops more effectively. Broadridge's technology underpins over $10 trillion in daily trading, signaling a significant enhancement in their service offerings.

Positive

• Partnership with OpenFin to enhance digital workspace solutions.
• Customizable interface to improve productivity for asset managers.
• Broadridge supports over $10 trillion in daily trading activities.

Negative

• None.

NEW YORK and LONDON, July 19, 2021 /PRNewswire/ -- Enhancing the productivity and efficiency of its trading and portfolio management solution for its asset management clients globally, Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, today announced it will utilize OpenFin's operating system for financial desktops.

With this new digital workspace solution, asset managers using Broadridge's next generation portfolio and order management system will benefit from componentized apps with highly configurable layouts and intuitive workflows. Traders and portfolio managers will be able to manage their desktop real estate more efficiently and increase productivity by reducing the effort and time navigating across multiple windows and screens. Rich notifications will also keep users up to date with the most relevant insights.

"In this ever-evolving digital environment, clients are increasingly looking for flexibility and the ability to adapt their workspaces to meet their unique needs," said Eric Bernstein, President of Broadridge Asset Management. "OpenFin's leading system, combined with our open architecture, will eliminate user friction and is another example of how we are setting the industry standard for flexible and adaptable next-gen investment operations."   

"We're excited to be a strategic partner with Broadridge, helping clients accelerate and adapt to advanced digital workspace solutions," said Mazy Dar, CEO of OpenFin. "Providing an adaptable interface customizable to user preferences will help Broadridge's clients boost productivity and simplify the investment management process."

About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $4.5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions to 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. In addition, Broadridge's technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work^®, Broadridge is a part of the S&P 500^® Index, employing over 12,000 associates in 21 countries. For more information about us and what we can do for you, please visit www.broadridge.com.

About OpenFin
Move Fast. Break Nothing. OpenFin is the operating system for enterprise productivity, enabling app distribution, workspace management and workflow automation. Used by 90% of global financial institutions, OpenFin deploys more than 3,500 desktop applications to more than 2,400 buy-side and sell-side firms. OpenFin investors include Bain Capital Ventures, Barclays, CME Ventures, DRW Venture Capital, HSBC, J.P. Morgan, NYCA Partners, Pivot Investment Partners, Standard Chartered and Wells Fargo Strategic Capital among others. The company is based in New York with offices in London and presence in Hong Kong.

Media Contacts:

North America
Matthew Luongo
Prosek Partners
+1 646-818-9279
mluongo@prosek.com 

Europe
Hannah Polson
Cognito
+44 (0) 7974244217
BroadridgeEMEA@cognitomedia.com 

View original content:https://www.prnewswire.com/news-releases/broadridge-teams-with-openfin-to-offer-enhanced-digital-workspace-for-portfolio-managers-and-traders-301335824.html

SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is the recent partnership announced by Broadridge (BR)?

On July 19, 2021, Broadridge announced a partnership with OpenFin to enhance its trading and portfolio management solutions.

How will the partnership between Broadridge and OpenFin benefit asset managers?

The partnership will provide a customizable digital workspace, improving productivity and efficiency for asset managers.

What is the significance of Broadridge's trading technology?

Broadridge's technology underpins the daily trading of over $10 trillion in equities, fixed income, and other securities globally.

When was the partnership between Broadridge and OpenFin announced?

The partnership was announced on July 19, 2021.