LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the
latest release of Gloss, its international securities processing
platform. This latest release, Gloss version 6, provides an integrated
solution for global and domestic processing of securities in the major
European and Asian markets, with new and enhanced functionality for
equities and fixed-income instruments. This solution is available as an
ASP or on-site licensed offering.
Gloss' international service capability has been enhanced to extend its
Japanese functionality. It can now offer full processing for Japanese
equities, convertible bonds and subscription rights processed by
on-shore Japanese broker-dealer operations. It also includes Japanese
regulatory and legal reporting, and in combination with Broadridge's
JASDEC adapter, it can support fully-integrated matching, settlement and
delivery prioritisation for JASDEC.
The new integrated release also supports other Asia Pacific markets. For
example, for Hong Kong it interfaces with Broadridge's CCASS adapter
which provides two-way connectivity with Hong Kong Exchanges and
Clearing Limited's Central Clearing and Settlement System.
Gloss version 6 includes Broadridge's new multi-language browser-based
user interface and exception management system, Task Explorer, a
proactive, exception-handling system for its international securities
processing services. Task Explorer now enables firms to automate the
generation and assignment of tasks for back- and middle-office
operations.
Version 6 of Gloss incorporates further capabilities for its central
counterparty/netting functionality, which now includes processing for
most major market venues.
Another feature is enhanced functionality for fixed-income processing;
in particular broader functionality is provided for non-interest bearing
bonds and commercial paper through constant yield amortisation
processing and yield pricing.
Broadridge continues to substantially extend the scalability of the
Gloss solution. Version 6 is now suitable for all sizes of operation
from small and medium brokerage firms processing low volumes of trades
per day to those processing over a million trades per day. This is
demonstrated by the diverse client base processing on the platform.
Gloss is a real-time, multi-currency, transaction processing and record
keeping solution for post-execution processing of international
securities. It automates the trade processing lifecycle from trade
capture through to confirmation and settlement, to provide the highest
levels of straight-through-processing and efficient and timely exception
management.
"We continue to make substantial investments in Gloss in line with
market demand in terms of functional breadth, market specific features
and scalability," said Robin Kneale, Head of Strategy, Securities
Processing Solutions, International, Broadridge. "This latest version of
Gloss underlines our ongoing commitment to delivering value to firms
operating in the international securities market."
About Broadridge
Broadridge Financial Solutions, Inc., with over $2.2 billion in revenues
in fiscal year 2008 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. 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.
Source: Broadridge Financial Solutions, Inc.