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Broadridge Financial Solutions Inc. (NYSE: BR) is a leading global provider of investor communications and technology-driven solutions for wealth management, asset management, and capital markets firms. Since its spin-off from ADP in 2007, Broadridge has been at the forefront of financial technology innovation, helping clients manage risk, achieve operational excellence, and drive growth.
Broadridge operates through two main segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). The ICS segment offers comprehensive solutions for proxy voting, regulatory communications, and shareholder engagement, while the GTO segment delivers advanced technology services and outsourcing solutions for trading, portfolio management, and back-office operations.
With over $6 billion in annual revenues and a presence in 21 countries, Broadridge's infrastructure supports the daily trading of more than $10 trillion of equities, fixed income, and other securities globally. The company serves a diverse clientele, including banks, broker-dealers, asset managers, wealth managers, and corporate issuers, providing the critical infrastructure needed to power investing, corporate governance, and communications.
Recent achievements highlight Broadridge's commitment to innovation and growth. The company has reported steady financial performance, including 6% organic recurring revenue growth for the second quarter of fiscal year 2024 and a reaffirmation of its annual guidance. Broadridge continues to enhance its product offerings, such as launching the Broadridge Investor Insights analytics platform to provide issuers with comprehensive investor and voting pattern data.
Broadridge also actively addresses key industry trends like the digitization of communications, mutualization of capabilities, and the evolving landscape of data and analytics. The company's strategic partnerships with financial institutions and corporate issuers worldwide further solidify its position as an industry leader.
Broadridge is a certified Great Place to Work®, employing over 14,000 associates dedicated to delivering unparalleled value to clients and fostering a culture of innovation. For more information about Broadridge and its solutions, visit their website.
Broadridge Financial Solutions (NYSE: BR) announced an expanded partnership with Linedata on April 19, 2023, to enhance its NYFIX Matching solution by integrating it with Linedata's Order Management System (OMS). This integration aims to automate post-trade functions, reduce manual errors, and streamline workflows for clients in the asset management sector. Linedata's Longview OMS clients will benefit from improved post-trade matching capabilities, offering a cost-efficient alternative to existing providers. The collaboration signifies a commitment to providing flexible solutions in a volatile market environment, enhancing value and efficiency for mutual clients.
Broadridge Financial Solutions (NYSE: BR) will release its third-quarter fiscal year 2023 financial results on May 2, 2023, at 8:30 a.m. ET. A webcast and conference call will be hosted by CEO Tim Gokey and CFO Edmund Reese to discuss these results. Investors can join the live event via Broadridge's Investor Relations website or dial in using the provided numbers. A replay of the event will be available until May 9, 2023. Broadridge is recognized as a global Fintech leader, generating over $5 billion in revenue and facilitating the daily trading of more than $9 trillion in securities worldwide.
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.
Broadridge Financial Solutions (NYSE:BR) announced a significant milestone with UBS (NYSE:UBS) and a global Asian bank executing the first cross-border intraday repo transaction on its blockchain-enabled Distributed Ledger Repo (DLR) platform. This development enhances intraday liquidity management and reduces operational risk, marking a pivotal stage for the platform's expansion. Broadridge aims to transform the global repo market, capturing approximately $1 trillion in monthly volume. The DLR platform increases settlement speed and collateral mobility, offering increased efficiency for market participants.
LTX, a subsidiary of Broadridge Financial Solutions (NYSE: BR), has successfully migrated its corporate bond e-trading platform to Amazon Web Services (AWS). This migration enhances LTX's data science processes and improves its ability to provide real-time insights to clients, facilitating informed trading decisions. With over 30 dealers and 75 asset managers on the platform, LTX has initiated firm orders exceeding $7 billion and maintains an average daily volume of over $25 billion in Q1 2023. The move aims to bolster security, scalability, and functionality for corporate bond traders amidst evolving market conditions.
Broadridge Financial Solutions (NYSE: BR) has announced a partnership with SDC, a Scandinavian banking systems provider, to deliver enhanced digital voting solutions. This collaboration aims to improve corporate governance and investor engagement for over 100 Nordic banks. Broadridge's solutions, utilizing advanced API and blockchain technologies, will streamline the voting process for retail and institutional clients. The partnership addresses regulatory compliance and promotes transparency in the investment communication lifecycle, reinforcing Broadridge's commitment to global corporate governance standards.
On March 23, 2023, Atlas Responsible Investors announced a significant technology enhancement by implementing a cloud-based portfolio and order management solution from Broadridge Financial Solutions (NYSE: BR). This move aims to improve operational efficiencies and risk management across multiple asset classes.
Quentin Dumortier, founder and CIO of Atlas, emphasized the need for a customizable solution to centralize their various investment strategies, while Broadridge's Mike Sleightholme highlighted the increasing demand for integrated platforms in investment management. Broadridge, recognized as a fintech leader with over $5 billion in revenue, provides essential infrastructure that facilitates trading and corporate governance.
Broadridge Financial Solutions (NYSE: BR) has partnered with Apex Silver to create an integrated solution for cost basis processing and tax information reporting, aimed at enhancing operational efficiency for wealth managers. This collaboration introduces a unified data management model for seamless integration, tailored for compliance with evolving tax regulations, including new asset classes like cryptocurrency. Broadridge's President, Thomas Burke, emphasized the solution’s capability to handle higher transaction volumes efficiently. Apex Silver contributes a robust API-driven platform, supporting numerous investment accounts across major financial institutions.
CQG has announced a strategic partnership with Broadridge Financial Solutions (NYSE: BR), aimed at integrating their Execution Management System (EMS) and Order Management System (OMS). This collaboration will offer a unique out-of-the-box solution for institutional clients, streamlining order management processes. With a completed FIX connection, clients can expect seamless order flow and management between CQG and Broadridge's systems, reducing the complexity and cost of piecing together disparate technologies. CEO Ryan Moroney emphasized the expected ease and significant savings for users, enhancing overall trading efficiency and workflow.
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