20 July 2018
Visit www.gemalto.com

Bloomberg Tradebook outsources clearing and settlement to Broadridge

07 February 2012  |  2418 views  |  0 Source: Broadridge

Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Bloomberg Tradebook has selected Broadridge's consolidated business process outsourcing (BPO) solution to support their equity and option clearance and settlement business.

The agreement is designed to help Bloomberg Tradebook minimize its fixed-cost investment in technology and operational infrastructure while also creating new revenue-generating opportunities as it transitions from its current fully-disclosed clearing model to self-clearing.

Broadridge's technology processing platform and integrated product solutions will help to support Bloomberg Tradebook in its transition to a self-clearing operating model. Broadridge's customizable and scalable BPO solution will provide all back-office operations and support -- on a global scale.

"Broadridge's BPO model is ideal for Bloomberg Tradebook," said Joseph Barra, President, International Securities Processing and Global Outsourcing Solutions, Broadridge. "We've worked closely with Bloomberg Tradebook during the past several months to ensure our unique BPO capabilities will allow for a seamless transition to self-clearing. Our solution can enable Bloomberg to benefit from a highly scalable and customizable offering to support all aspects of its back-office operation."

This is the first agreement between Broadridge and Bloomberg Tradebook.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Bloomberg
Broadridge Financial Solutions

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12704 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10137 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9665 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6611 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6424 views comments | 2 tweets | 7 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY USA

Find your next job