FOW Asia Awards: Broadridge's multi-asset, real-time post-trade solutions
29th September, 2016|Luke Jeffs
Back office specialists Broadridge took home the Post Trade innovation award at this year’s Awards for Asia
Awards for Asia special focus
Broadridge, a leading provider of technology and operations,communications, and data and analytics solutions for financial services firms,has been developing and enhancing middle-to-back-office derivatives clearingofferings over the past five years.
Based on this investment, its Global Post-Trade Management(GPTM) solution now offers functionality across all asset classes, contributingto operational efficiency in its clients’ brokerage and clearingoperations.
GPTM receives FOW Post Trade award
This year, FOW has recognised Broadridge in its Post Tradeaward category. In its decision, the judges highlighted the company’sconsistent investment in the Asia market and its expanding, localised reachacross the region.
One example cited was Broadridge’s support for SGX’s new post-tradeplatform, which became the first to pass all conformance tests, enabling it todeliver clients a one-stop solution for retail and institutional business inSingapore in addition to the extended capability for trades under theShanghai-Hong Kong Stock Connect in Hong Kong.
According to Nachi Muthu, Head of Derivatives Trading andClearing Solutions at Broadridge, the firm’s integrated solutions have thepotential to replace multiple legacy systems.
“Derivatives clearing in particular is still dominated bylegacy systems that cannot easily meet the performance and functionalityrequired to meet current regulatory requirements and client demands.”
“Broadridge’s solution, on the other hand, recognises thattoday’s clearing environment requires real-time, straight-through processing(STP) functionality across the middle and back offices to match increasinglysophisticated front-office trading capabilities.”
Unified multi-asset solution enhances risk management
According to Paul Clark, Head of Institutional Strategy andProduct Management at Broadridge, the firm has aggressively expanded its assetclass coverage in recent years to meet the increasing need for post tradesolutions that deliver a holistic view of trades, positions, balances and P&Lacross asset classes.
As a result, Broadridge technology now supports full STPacross all middle and back office functions, reducing operational risk byenabling standardised workflow while also supporting exceptionmanagement. At the same time, the solution delivers a single enterpriseview of transactions and positions, facilitating information flow to enhancerisk management amid ever-increasing regulatory pressure.
Today the firm works with leading global banks and localbrokerages, delivering scalable technology solutions that can connect withexisting technology stacks, eliminate redundancies and improve productivityacross the trade cycle.
At a time when margins and capital structures are underpressure like never before, Broadridge delivers on-demand, sub-second initialmargin calculations and enhanced insight to client portfolios across 60 majorderivatives markets. With full collateral lifecycle management, the operationalefficiencies realised enable interactive exposure management and enhancedclient service.
Clark summed up the value proposition, explaining that: “Theseadvances can translate into a competitive advantage by giving end clientsaccess to real-time data across asset classes, providing holistic insight toglobal, multi-asset portfolios at any point in time.”
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