LONDON -- (MARKET WIRE) -- 09/25/07 --
Broadridge Financial Solutions, Inc. (NYSE: BR),
formerly ADP Brokerage Services Group, has announced that Cameron
Stockbrokers Limited (Cameron) has commenced live operations on its SUMMIT
platform in Australia.
Cameron, an independently owned full service broker, signed a multi-year
contract with Broadridge for the processing of its equities brokerage
processing operations.
Under the agreement, Cameron will use Broadridge's Australian broker client
accounting system, SUMMIT, to automate the processing lifecycle of its
equities operations for both domestic Australian and international traded
securities from trade capture through to confirmation, position management,
multi-currency books and records, clearing house reporting and settlement.
SUMMIT will also provide integrated processing for corporate actions.
In addition, Cameron will also use SUMMIT's suite of service adapters for
local market connectivity. This includes connectivity to the Australian
Stock Exchange (ASX) ITS order processing service, the ASX CHESS settlement
service, and IRESS for ETC allocation and confirmation.
Fraser Moodie, Manager, Broadridge Australia, said: "We are delighted to
welcome Cameron Stockbrokers to our customer portfolio in Australia. We
look forward to meeting their requirements through our commitment to
product leadership and world class standards of service."
Steven Pritchard, executive chairman of Cameron Stockbrokers Limited, said:
"When we looked at replacing our existing system, one of the things we
looked for was a system based upon Microsoft technologies to enable us to
take advantage of the increase in productivity that comes from using a
Windows-based system. Broadridge's SUMMIT was the only system currently
available in the Australian marketplace that could meet our requirements."
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.
Contact:
Media:
Mike WestBroadridge Financial Solutions, Inc.London
T: +44 (0)20 7551 3224
E: Email Contact