Broadridge Financial Solutions, Inc. (BR), has enhanced its CollateralPro™ solution through a new partnership with AcadiaSoft, a company that enables automatic communication and processing of margin calls for collateral management.
Under the agreement AcadiaSoft's MarginSphere® service has been seamlessly integrated with CollateralPro, which is offered to financial institutions as an in-house or Broadridge-hosted solution.
MarginSphere® is a margin confirmation community that streamlines communications between counterparties engaged in collateral management. It is the result of a collaboration between AcadiaSoft and several leading financial institutions.
"Broadridge continues to expand its enterprise collateral management capabilities by partnering with best-of-breed solution providers. This alliance with AcadiaSoft enhances our collateral management platform by providing full two-way integration between CollateralPro and MarginSphere®," said Jerry Friedhoff, Managing Director of securities financing and collateral management at Broadridge. "By linking CollateralPro with AcadiaSoft's innovative margin-call messaging and automation utility we can help institutions of all sizes improve productivity and reduce operational risks."
"This partnership extends the reach of our solution in market segments where new regulations have made collateral management an increasingly difficult problem," said Craig Welch, Chief Executive Officer of AcadiaSoft. "Broadridge has a proven record developing mission critical technologies for this industry and we are pleased to align our solutions in order to serve this growing market."
Under the partnership, Broadridge will leverage its global infrastructure and operational support model to provide joint clients end-to-end margin automation functionality. This integration will enable communication on exposures, commitments and adjustments between counterparties across a full range of margin activities.
CollateralPro delivers a comprehensive, enterprise-wide collateral management system that enables global or regional financial institutions across the sell-side and buy-side and service providers to trane and service providers to transform their operations. This new Broadridge solution empowers firms to mitigate counterparty risk, comply with changing regulations and embrace growth.