Broadridge Financial Solutions has enhanced its collateral management service through a new partnership with AcadiaSoft, a company which enables automatic communication and processing of margin calls.
Under the agreement, AcadiaSoft’s ‘MarginSphere’ service will be integrated with Broadridge’s CollateralPro solution, which is offered as an in-house or Broadridge-hosted solution.
“This alliance with AcadiaSoft enhances our collateral management capabilities by providing full two-way integration between CollateralPro and MarginSphere,” says Jerry Friedhoff, managing director of securities financing and collateral management, Broadridge.
“By linking CollateralPro with AcadiaSoft’s innovative margin-call messaging and automation utility we can help institutions of all sizes improve productivity and reduce operational risks.”
Under the partnership, Broadridge will leverage its global infrastructure and operational support model to provide joint clients end-to-end margin automation functionality. The firm says the integration will enable communication on exposures, commitments and adjustments between counterparties across a full range of margin activities.
Broadridge Enhances Collateral Management With Partnership
Broadridge Financial Solutions has enhanced its collateral management service through a new partnership with AcadiaSoft, a company which enables automatic communication and processing of margin calls.
« Tech Firm Warns Hedge Funds Of Outsourcing Reporting Risks