Broadridge adds decision support tools functionality to MBS Expert

Source: Broadridge Financial Solutions

Broadridge Financial Solutions (NYSE:BR) today announced the release of the Decision Support Tools (DSTools) functionality for MBS Expert, its mortgage-backed securities processing solution.

DSTools offers traders, portfolio managers and middle-office support staff the ability to perform advanced, real-time analysis and collateral management of mortgage-backed securities pool inventory. MBS Expert with DSTools improves the efficiency and profitability of MBS workflow from deal creation and pre-trade compliance validation, to ordering, execution, allocation and settlement. The addition of DSTools also expands the core analytic capabilities of MBS Expert and enables traders and portfolio managers to perform inventory analysis across a portfolio or grouping of portfolios on a consolidated basis to rapidly capitalize on trading opportunities. Additionally, DSTools will provide MBS Expert clients with the ability to filter and analyze pool inventory based upon the most up-to-date indicative pool data. This detailed analysis will allow clients to generate bid lists, create deals and hold the associated inventory while managing orders.

Broadridge's MBS Expert is an institutional MBS processing solution engineered to handle all facets of TBA trade processing. The system's various modules enable the user to manage the entire lifecycle of MBS Trades from trade inception to settlement. This process includes MBS TBA trade entry, FICC RTTM, submission TBA and pool netting, pool allocations and substitutions, full EPN processing, inventory management, TBA pair offs, and trade assignments.

"The addition of DSTools to our MBS Expert solution epitomizes Broadridge's commitment to continually invest in, and enhance, our capabilities and product offerings. Through ongoing analysis of industry trends as well as the business needs of our clients, we are able to consistently improve our solution set to meet and exceed the demands of our clients and the marketplace. We believe that this functionality will further solidify MBS Expert as the solution of choice among leading brokerage firms," said J. Michael Hopkins, General Manager, Securities Processing Soluutions, Fixed Income, Broadridge.

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