Broadridge And Beacon Enter Into A Partnership Addressinf Liquidity Challenges In The Fixed-Income Market

Broadridge Financial Applications, Inc., a provider of technology based outsourcing applications to the financial services industry, and Beacon Capital Strategies, Inc., which operates a marketplace dedicated to providing liquidity and electronic trading in the less liquid fixed income market, today

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Broadridge Financial Applications, Inc., a provider of technology-based outsourcing applications to the financial services industry, and Beacon Capital Strategies, Inc., which operates a marketplace dedicated to providing liquidity and electronic trading in the less-liquid fixed-income market, today announced a multi-year strategic alliance. Through this alliance, the firms are positioned to better serve their clients who actively trade less-liquid fixed-income securities including agency mortgage-backed securities (MBS), asset-backed securities (ABS), and collateralized mortgage obligations (CMO).

By utilizing Broadridge’s impactSM and MBS Expert products and Beacon’s cutting-edge Trade DiscoveryTM platform, clients will be able to search through the less-liquid fixed-income securities, find the other side of the trade for instruments that meet specific investment criteria, and transact on liquidity that otherwise would not be publicly advertised in current trading channels.

“Broadridge has a long-standing commitment to its clients and helping them effectively navigate key business issues, such as the current market environment and liquidity crunch,” says J. Michael Hopkins, general manager & SVP, securities processing applications, fixed-income, U.S., Broadridge. “Through this alliance with Beacon, our clients and other trading participants will now be able to tap into a new source of liquidity, streamline the trading process, and ultimately increase trading P&L. This alliance underscores Broadridge’s commitment to enable its clients to achieve higher levels of business growth as well as create applications that address the industry’s biggest challenges. We are extremely excited to enter into this relationship with an industry innovator such as Beacon.”

D.C.

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