Pareto Securities Live with the Front-office Trading Solution from Broadridge

Rhea-AI Summary

On January 18, 2022, Pareto Securities announced the implementation of Itiviti's multi-asset order management solution, powered by Broadridge Financial Solutions (NYSE: BR), marking a significant shift from its previous technology provider of 10 years. This upgrade aims to enhance client connectivity and trading capabilities. COO Kristian O. Stenbakk expressed confidence in Broadridge's user-friendly platform and strong service quality, positioning Pareto for improved execution services and market adaptability.

Positive

• Transition to Itiviti's OMS enhances trading capabilities and customer support.
• Broadridge's solution improves client connectivity and service excellence.

Negative

• None.

OSLO, Norway and NEW YORK, Jan. 18, 2022 /PRNewswire/ -- To achieve greater client connectivity and low and high touch agency trading, Pareto Securities, a leading investment bank in the Nordic capital markets, is now live with Itiviti's multi-asset order management solution (OMS) from Broadridge Financial Solutions, Inc. (NYSE:BR).

For Pareto Securities, replacing a 10-year incumbent technology provider at the core of its business, this was a major decision. With high expectations of maintained business continuity, completeness of offering, platform evolution capabilities and service quality they are well positioned to continue the development of their execution services going forward.

"Finding a replacement that could handle our current workflow requirements, but also take us to the next level in trading capabilities and customer support was mission critical for us," said Kristian O. Stenbakk, COO, Pareto Securities. "After a considerate search and evaluation, we selected Broadridge because of its ease-of-use, robust trading functionalities, flexible, modular architecture, and most importantly, the personal attention its team provided to us throughout the selection and onboarding process."

By combining Itiviti's order management, market connectivity and smart order router (SOR) components, the solution delivers the flexibility that Pareto requires for service excellence, innovation and speed to market in this ever-changing market landscape.

"We are excited to have Pareto Security leverage the modularity of our platform and experience the automation, speed and performance that we provide," said Ray Tierney, President of Itiviti, a Broadridge business. "We offer a high level of flexibility for client connectivity, customization and managed services, and we are committed to providing our customers with proven, state-of-the-art trading technology that will keep them ahead of the curve now and into the future."

About Pareto Securities

Pareto Securities is an independent full-service investment bank with a leading position in the Nordic capital markets and a strong international presence and global placing power. Pareto Securities is headquartered in Oslo, Norway, with more than 470 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, Germany, Switzerland, USA, Singapore and Australia.

For more information, please visit www.paretosec.com

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with $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 $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 13,000 associates in 21 countries. For more information about us, please visit broadridge.com.

About Itiviti, a Broadridge Business

Itiviti provides nearly 2,000 financial institutions worldwide with flexible, cross-asset trading solutions that cover the full trade lifecycle. Through its commitment to technology innovation, relentless pursuit of workflow efficiency and an entrepreneurial culture, Itiviti is disrupting the industry with highly scalable solutions that deliver unprecedented cost savings for clients. Itiviti was acquired by Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and part of the S&P 500® Index, in May 2021.

For more information, please visit www.itiviti.com.

Follow Itiviti on social media on Twitter @Itiviti_AB, on Facebook @ItivitiAB, and on LinkedIn.

Media:
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
Tina.wadhwa@broadridge.com

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/pareto-securities-live-with-the-front-office-trading-solution-from-broadridge-301461379.html

SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is the significance of Pareto Securities going live with Broadridge's order management solution?

The transition to Broadridge's multi-asset order management solution enhances Pareto Securities' trading capabilities and client connectivity.

When did Pareto Securities implement Broadridge's trading solution?

Pareto Securities went live with Broadridge's order management solution on January 18, 2022.

What are the expected benefits for Pareto Securities from this new trading solution?

Expected benefits include improved execution services, enhanced trading capabilities, and better customer support.

Who is the parent company of Itiviti?

Itiviti is a business unit of Broadridge Financial Solutions, Inc. (NYSE: BR).

What does Broadridge Financial Solutions do?

Broadridge provides technology-driven solutions for investment firms, enabling better financial lives through improved trading and corporate governance.