Britannia Global Markets selects Broadridge for post-trade securities operations

Following the launch of its new capital markets business, Broadridge secures post-trade mandate from London-headquartered brokerage.

By Jonathan Watkins

Broadridge has been selected by UK brokerage Britannia Global Markets to streamline its post-trade processing for its international securities business including cash equities, fixed income and repurchase agreements.  

Broadridge’s solution will provide Britannia Global Markets – subsidiary of Britannia Financial Group – with a strategic, multi-market platform with the inherent scale and agility to support future growth and respond to regulatory requirements.  

The FinTech provider said the solution will be deployed as an advanced, SaaS-based solution that enables the firm to benefit from a mutualised, resilient service that mitigates risk and underpins a superior client service. 

“With Broadridge as our partner, we will have a firm foundation for growth as we expand our securities business and deliver continued value to our clients,” said Ian Johnson, chief executive officer of Britannia Global Markets. Broadridge’s solution, backed by its high service standards and capital markets expertise, will help advance our operational efficiency and enable superior process controls.” 

The mandate win comes following the launch of Broadridge’s newly created capital markets business combining its trading and post-trade technology solutions. The new capital markets unit will sit within its Global Technology and Operations (GTO) division and combines its global post-trade software-as-a-service (SaaS) products and LTX, Broadridge’s artificial intelligence-driven corporate bond trading platform. 

“It is a privilege to have been selected by Britannia Global Markets as they continue to advance their services for international securities,” said Danny Green, general manager for post-trade solutions, Broadridge International. “We are fully committed to helping them to drive growth, optimise their operations and navigate the challenges of risk and compliance.”