LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the
launch of its new market connectivity solutions to support institutional
brokerage firms operating in the India markets, either domestically or
on a cross-border basis. This represents the latest initiative to
further extend the global market reach of Broadridge’s international
multi-asset transaction processing solution, Gloss, through the ongoing
addition of new market connectivity in the Asia and Asia Pacific regions.
The India market extensions include direct connectivity to India’s two
leading exchanges, the Bombay Stock Exchange (BSE) and the National
Stock Exchange (NSE), and the required custodian settlement capabilities
including contract note generation and reconciliation of obligations.
These solutions can be provided as integrated components of the Gloss
solution on either an ASP service bureau basis or for on-site
implementation, or alternatively they can be integrated with a brokerage
firm’s own technology solutions.
Broadridge provides comprehensive multi-asset back office processing
capabilities and direct market connectivity for the US, Canada, UK and
Europe, Japan, Hong Kong, Singapore and Australia, as well as via its
extensive SWIFT-based custodian network. The addition of an Indian
market capability is part of Broadridge’s ongoing commitment to
providing global reach to brokers with a global footprint looking for a
single vendor platform, and to providing a domestic capability in key
markets.
“Increasingly, firms are looking to grow their businesses and offer
greater client choice on a global basis,” said Tom Carey, President,
Securities Processing Solutions, International, Broadridge. “We are
firmly committed to helping them to accelerate the growth of their
capital markets operations and expand into new global markets and asset
classes faster and on a cost-effective, low risk basis.”
V. Laxmikanth, Managing Director of Broadridge in India, said, “We have
a substantial and well-established operation in India, where we have
been present for over 10 years. With global investors increasingly
investing in the Indian market, as well as Indian investors looking to
invest overseas, we are well-positioned to offer a compelling solution.”
Broadridge’s multi-asset processing solutions enable its clients to
process securities transactions in more than 50 countries.
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.