US financial technology solutions provider Broadridge Financial Solutions, Inc. (NYSE: BR) launched the Global Post Trade Management (GPTM) – a new solution that improves the operational and cost efficiency for investment banks and broker-dealers.
According to the company release, the new solution has already been adopted by a major investment bank and offers a consolidated enterprise platform, that standardizes post-trade processing, eliminating duplicate operations and information silos and reducing processing and support costs. The GPTM provides greater transparency and real-time visibility on global trades, positions, P&L and a consolidated sub-ledger, enabling greater financial and risk management and regulatory compliance.
The GPTM solution can be deployed as a technology service or a fully outsourced Managed Service, including operations and technology functions. According to Charlie Marchesani, Broadridge president for global technology and operations, the new product will help financial institutions gain an operational advantage and would ease their operations by removing multiple systems and complex deployments.
Broadridge offers a broad range of solutions that serve retail and institutional clients across the entire investment process, including pre-trade, trade, and post-trade processing. They include bank and brokerage investor communications, document management and archival solutions, expense, investment, risk and data management solutions, securities processing, products servicing mutual fund and retirement companies, corporate issuers, advisors and health funds.
The company has more than 50 years of experience and its infrastructure underpins proxy voting service for over 90% of public companies and mutual funds in North America. It processes on average $5 trillion in equity and fixed income trades per day.
Earlier this year the Japanese forex broker Monex announced it will implement Broadridge’s JASDEC (Japan Securities Depository Center, Inc.) Processing Solution to improve its retail trading and client services and support the expansion of its Japanese equity and investment trust processing business.