Broadridge has launched a new post-trade processing solution to help small and mid-tier brokerage firms access domestic and global markets faster and more simply.
The FinTech firm said its Post-trade FastStart service will provide an all-in-one approach for post-trade processing, cutting costs while simplifying implementation and support.
Post-trade FastStart automates every aspect of the post-trade process from importing transactions to content verification, matching, sending to and receiving data from settlement institutions, interfacing with domestic and global markets, all the way to settlement of the trade.
“Brokerage firms are facing increasing client demand for a wider variety of products and services, while also dealing with rising system infrastructure costs, ongoing market and regulatory change, and increased risk due to inadequate legacy technology,” said Danny Green, head of post-trade at Broadridge International. “Firms need to transform their operations to be ready for next for their clients and Post-trade FastStart can meet that challenge with minimal implementation time and a low-cost base.”
The rollout follows a string of post-trade and regulatory launches from Broadridge in 2021 as the technology vendor has looked to make a fast start to the year.
Already in January, Broadridge launched a new SRD II solution in France, brought AI and machine learning to proxy voting data through a new product and supported a new securities finance clearing service for the DTCC.
Most recently, the organisation also went live with a new ESG advisory service for asset managers.