LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it
has extended the range of multi-asset processing capabilities of its
Gloss international transaction processing solution. This includes
post-execution transaction processing for FX forwards, non-deliverable
forwards (NDFs) and forward rate agreements (FRAs).
Gloss is very well established internationally as a leading
multi-currency trade processing and settlement platform with extensive
functionality for equities, fixed income and warrants. It has always
provided an FX capability, but now this has been enhanced and extended
to specifically recognise and cater for FX forwards, NDFs and FRAs. This
capability has been provided in response to the requirements of clients
and prospects globally, particularly in the Asia Pacific region which is
an important strategic focus for Broadridge’s international business.
Additionally, Broadridge’s recent acquisition of City Networks, now
rebranded as Broadridge City Networks, means that Broadridge is able to
offer a combined solution that includes Gloss and ProActiveTM
Matching to provide a complete FX transaction processing, confirmation,
matching and settlement solution.
“This latest investment by Broadridge is part of our response to the
requirement to process many different asset classes on a single
platform,” said Robin Kneale, Head of Strategy and Product Management,
Securities Processing Solutions, International, Broadridge. “We see
demand for this functionality from our clients and prospects
internationally, especially in Asia Pacific, and we are pleased to
demonstrate the flexibility and configurability of the Gloss engine in
this way to meet these requirements. Now we plan to go on to provide
functionality for exchange-traded futures and options and CFDs.”
About Broadridge
Broadridge is a technology services company focused on global capital
markets. Broadridge is the market leader enabling secure and accurate
processing of information for communications and securities transactions
among issuers, investors and financial intermediaries. Broadridge builds
the infrastructure that underpins proxy services for over 90% of public
companies and mutual funds in North America; processes more than $3
trillion in fixed income and equity trades per day; and saves companies
billions annually through its technology solutions. For more information
about Broadridge, please visit www.broadridge.com.
Source: Broadridge Financial Solutions, Inc.