NEW YORK, NY -- (MARKET WIRE) -- 10/29/07 --
Broadridge Financial Solutions, Inc. (NYSE: BR) announced today the launch of ECN Connector, Broadridge's new trade
execution gateway. This solution links impact clients to the top Electronic
Communication Networks (ECNs) for repo and outright trades.
Impact is Broadridge's integrated, online securities transaction processing
system for fixed income trading. The impact system provides leading global
financial institutions with trade capture and processing, as well as
settlement and clearing functions for domestic and foreign fixed income
instruments, including extensive support for mortgage-backed securities.
Additionally, impact is a multi-currency and multi-entity system that
provides real-time position and balance information, in addition to
detailed accounting, financing, and repo functionality. Broadridge is now
offering ECN Connector to its impact clients providing a trade execution
interface between impact and the top four ECNs. ECN Connector is the latest
offering from Broadridge designed to reduce risk by eliminating manual
trade entry for repo and outright trades. ECN Connector will enable
Broadridge's impact clients to reap the benefits of more fungible, flexible
trading, as well as increased operational efficiencies.
"Broadridge is committed to investing in the development of technology that
meets client needs as well as the demands of an ever-changing marketplace,"
said J. Michael Hopkins, Broadridge's General Manager, Securities
Processing Solutions, Fixed Income. He continued, "We are pleased to
provide our impact clients with an even greater capacity to maximize
revenue and reduce risk in the fixed income market through ECN Connector."
About Broadridge
Broadridge Financial Solutions, Inc., formerly ADP Brokerage Services
Group, with over $2.0 billion in revenues and more than 40 years of
experience, is a leading global provider of technology-based outsourcing
solutions to the financial services industry. Our systems and services
include investor communication, securities processing, and clearing and
outsourcing solutions. Broadridge offers a broad, integrated suite of
innovative global solutions across the investment lifecycle and provides a
wide range of cost-effective and scalable solutions to the financial
industry. Our systems help reduce the need for clients to make significant
capital investments in operations infrastructure, thereby allowing them to
increase their focus on core business activities. For more information
about Broadridge, please visit www.broadridge.com.
Press Contact:
Tony DeMeoBroadridge Financial Solutions, Inc.
(212) 918-6919
Email Contact