LAKE SUCCESS, NY -- (MARKET WIRE) -- 12/10/07 --
Broadridge Financial Solutions, Inc.
(NYSE: BR) announced today the launch of Aspire Trader for fixed income
traders. Aspire Trader is a fixed income product distribution system that
gives trading desks the ability to offer products to multiple external and
internal sales channels through one automated inventory management system.
Designed to help traders expand their fixed income marketplace, Aspire
Trader also eliminates burdensome manual processes and assists firms in
meeting their compliance requirements.
Broadridge's Aspire Trader interfaces with Bloomberg, BondDesk,
TheMuniCenter, and ValuBond to provide firms with a full front- to back-end
solution for automated fixed income trading. Traders control which market
centers list their offerings as well as the terms that are displayed. When
traders change prices or quantities, enable or disable an offering, their
entire distribution channel reflects the new information instantly.
For municipal bond underwriters, Aspire Trader interfaces with the i-Deal
municipal book-running system to provide security setup and initial buy-ins
for syndicate managers and participants. Once in Aspire Trader, all
syndicate trades are processed and reported automatically representing the
role of the firm.
Aspire Trader also powers a robust, retail offering system for a firm's
financial advisors to place trades and see updates to offering prices,
quantities (available and reserved), and commissions, all in real-time.
This up-to-the-second data arms the financial advisor with the information
they need to act on fluctuating conditions and allows them to confidently
fill their clients' orders.
Designed as a platform independent product, Aspire Trader can be integrated
with any back office system. For firms using a Broadridge back office
system today, completed trades are immediately booked into the firm's
system of record.
David Swift, General Manager, Securities Processing Solutions, Broadridge,
commented, "We are very excited to bring this product to the marketplace.
We have made a significant investment in the development of a system that
automates the trading of fixed income securities. The system not only
enables firms to reach a larger marketplace, but also streamlines
operations, enabling firms to grow their fixed income business with
minimal, if any, increase in staffing. Between Aspire Trader's ability to
increase a firm's fixed income sales channel and its automation of manual
processes that have typically hindered a firm's ability to grow, we believe
we've delivered a powerful fixed income solution to our clients and the
marketplace."
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 integrated systems and
services include investor communication, securities processing, and
clearing and outsourcing solutions. We offer advanced, integrated systems
and services that are dependable, scalable and cost-efficient. 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.
One Park Avenue
New York, NY 10016
212-918-6919
Email Contact