ADP Brokerage Services Group (ADP) says that StockCross Financial Services, Inc. has selected ADP as its Brokerage Processing Services (BPS) back-office application. ADP Brokerage Services Group is a division of Automatic Data Processing, Inc.
BPS is ADP’s back-office processing system, supporting the processing of North American equities, options, mutual funds and fixed-income securities. BPS provides order management to clearance and settlement, and aims to ensure that all regulatory reporting and other back-office requirements are covered.
StockCross provides investment products and value added services to make asset consolidation more convenient.
“With most of our executive management having had positive experiences with ADP systems, ADP is a natural choice,” says Andrew Reich, the CEO of StockCross Financial Services, Inc. “Their focus on quality and strong commitment to World Class service aligns seamlessly with our values.”
“Both ADP and StockCross are firms that are equally passionate about growth and quality client service,” adds Charlie Marchesani, the General Manager of ADP Brokerage Processing Services. “We are delighted to welcome StockCross to the ADP family.”