21 February 2018
Visit www.capgemini.com/worldreports

Broadridge builds bridges to India

22 October 2010  |  2760 views  |  0 Source: Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the launch of its new market connectivity solutions to support institutional brokerage firms operating in the India markets, either domestically or on a cross-border basis.

This represents the latest initiative to further extend the global market reach of Broadridge's international multi-asset transaction processing solution, Gloss, through the ongoing addition of new market connectivity in the Asia and Asia Pacific regions.

The India market extensions include direct connectivity to India's two leading exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), and the required custodian settlement capabilities including contract note generation and reconciliation of obligations. These solutions can be provided as integrated components of the Gloss solution on either an ASP service bureau basis or for on-site implementation, or alternatively they can be integrated with a brokerage firm's own technology solutions.

Broadridge provides comprehensive multi-asset back office processing capabilities and direct market connectivity for the US, Canada, UK and Europe, Japan, Hong Kong, Singapore and Australia, as well as via its extensive SWIFT-based custodian network. The addition of an Indian market capability is part of Broadridge's ongoing commitment to providing global reach to brokers with a global footprint looking for a single vendor platform, and to providing a domestic capability in key markets.

"Increasingly, firms are looking to grow their businesses and offer greater client choice on a global basis," said Tom Carey, President, Securities Processing Solutions, International, Broadridge. "We are firmly committed to helping them to accelerate the growth of their capital markets operations and expand into new global markets and asset classes faster and on a cost-effective, low risk basis."

V. Laxmikanth, Managing Director of Broadridge in India, said, "We have a substantial and well-established operation in India, where we have been present for over 10 years. With global investors increasingly investing in the Indian market, as well as Indian investors looking to invest overseas, we are well-positioned ned to offer a compelling solution."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Broadridge Financial Solutions

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.swift.com/your-needs/instant-paymentsVisit https://www.capgemini.com

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10058 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9677 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8445 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7105 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6799 views 0 | 7 tweets | 5 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job