The alliance will also enable buy-side clients of Charles River to manage their entire trade life cycle using automated straight through processing (STP).
Broadridge’s MRC business provides real-time monitoring, alerts and business controls to asset and wealth managers, investment banks and broker-dealers.
The deal will see Broadridge combine its fund data and analytics products with MackayWilliams’ insight into European mutual fund trends.
In collaboration with JP Morgan and Northern trust as the custodian banks, the pilot was conducted in March at Santander’s AGM.
Broadridge has already completed pilot testing for a blockchian technology solution for the proxy voting and repo market.
Broadridge extends regulatory, governance and communications business to European markets through acquisition.
The Repo Order Quote service provides traders with the ability to quote and execute repo trades on aggregate basis.
The mandate is the latest for Broadridge as it continues to invest in automated technology for investment management firms.