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.
Broadridge had acquired Message Automation to extend its post-trade tools.