ADP Brokerage acquires niche back office player PSS

US based ADP Brokerage Services has acquired back office brokerage software provider Power Securities Systems (PSS) for an undisclosed sum.

  0 Be the first to comment

ADP Brokerage acquires niche back office player PSS

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Connecticut based PSS serves several niche market firms, processing a variety of securities instruments such as equities and municipal and corporate bonds.

David Swift, senior vice president of ADP Brokerage says: "PSS will enable us to penetrate niche and emerging market participants that are evaluating entering into a self-clearing arrangement."

Sponsored [Webinar] The ISO 20022 for CBPR+ deadline is looming: Are financial organisations prepared?

Comments: (0)

[On-Demand Webinar] PREDICT 2025: What the National Payments Vision means for the UKFinextra Promoted[On-Demand Webinar] PREDICT 2025: What the National Payments Vision means for the UK