(Editor’s Note: Matt Rodgers, senior manager at business consultancy Sapient Global Markets, thinks that it’s a little premature to know what IT infrastructure and solution changes will be required for the transition to trading day plus two settlement (T+2). The efforts of the DTCC, the Securities and Financial Market Association (SIFMA) and major industry players… Read More >>
Gresham Rethinks the Cloud as Broadridge Gets Local
Third-party vendors Gresham Computing and Broadridge Financial Solutions are launching new offerings, timed for SWIFT’s Sibos gathering in Singapore this week. Gresham has done “a rethink” for its cloud-based Clareti Transaction Control (CTC) offering, and Broadridge is expanding its proxy processing services. Rethinking the Cloud In many ways, Gresham’s new Clareti-as-a-Service offering, is a relaunch…. Read More >>
Two Asian Hedge Funds Take Broadridge’s Platform
Broadridge Financial Solutions reports that its trading, portfolio management and operating platform has been adopted by BosValen Asset Management and Pleiad Investment Advisors, two hedge funds focused on Asia. “Both BosValen Asset Management and Pleiad Investment Advisors are among Asia’s fastest-growing emerging funds, each raising hundreds of millions of dollars within a few months of… Read More >>
Broadridge Hires Execs from UBS, Thomson Reuters
FinTech vendor Broadridge Financial Solutions has appointed two new executives, Liz Pedersen as senior vice president of wealth managed services and Traci Mabrey as head of wealth solutions, officials say. Pederson joins Broadridge from UBS, where she was a managing director and co-head of the securities services group, overseeing post-trade processing. Mabrey joins Broadridge from… Read More >>
Broadridge Jolts FX Wares via Acquisition
Broadridge Financial Solutions has acquired foreign exchange technology vendor TwoFour Systems and plans to integrate TwoFour’s FX solution with Broadridge’s reconciliations and matching technologies to form Broadridge FX and Liquidity Solutions (FXL). Analysts say the deal will inject new blood and technology into Broadridge, while company executives say the deal marks the first step on… Read More >>
Broadridge: EMIR, Corporates Driving SWIFT Messaging
Q: What SWIFT-related product trends have you seen among your clients for this year? A: One of the big drivers was the EMIR [European Market Infrastructure Regulation] regulation — a large number of our clients use SWIFT messaging and the SWIFT network to run their reporting for this. We have also noticed corporates extending their… Read More >>
Broadridge’s New Sales Chief from Thomson Reuters
Financial technology services and software provider Broadridge Financial Solutions has hired a Thomson Reuters veteran Christopher J. Perry as its new president of global sales, marketing and client solutions, according to a company statement. When Perry moves into the new role in September, he will report to Richard J. Daly, Broadridge’s president and CEO. Perry… Read More >>
Scivantage’s New CFO ‘Open’ to Acquisitions
James Corr, who has joined financial software provider Scivantage from Albridge Solutions as an executive vice president (EVP) and its new chief financial officer (CFO), says he does not rule out the possibility of future acquisitions as part of new period of growth for the vendor, fueled by an infusion of $20 million in debt… Read More >>
SimCorp Acquires All of Equipos as Raiffeisen Bank Automates Recs
SimCorp Acquires 100% of Equipos SimCorp, a vendor of investment and portfolio management software and services, will fully acquire reporting software vendor Equipos for $13.9 million (£8.3 million) as SimCorp expects total ownership will encourage existing clients to adopt Equipos’ solutions. SimCorp, which already owns 20% of Equipos, will be purchasing the remaining 80% of… Read More >>
NSCC Lobbies for an Alert System for Trading Limits as Fiserv Ports TradeFlow to Linux
NSCC Seeks SEC Approval for Limits Alert System The National Securities Clearing Corp. is seeking the SEC’s approval for a key component of a monitoring system that will alert firms to trading activity that hits or exceeds trading limits.A subsidiary of the DTCC, the NSCC wants to provide its members with a new tool… Read More >>
