Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Portigon Financial Services, an international portfolio service provider with branches in Dusseldorf, London and New York, is now live on Broadridge's global post-trade processing solution for both its German domestic and international businesses across exchange-traded derivatives and securities.
The implementation allows Portigon to boost its operational efficiency levels by unifying both domestic and cross-border flows, rationalizing processing previously conducted on three separate systems and consolidating across asset classes though a single, best-in-class solution. The major benefits were delivered within 12 months through Broadridge's and Portigon's highly disciplined implementation process.
"Broadridge has helped transform the economics of our operational model, and will enable us to increase the quality, standardization and functionality of our service as we support our client base and take on new business," said Klaus Bremges, Chief Operating Officer of Portigon. "Broadridge has been an excellent partner in support of our strategy to streamline multi-asset post-trade processing. Its in-depth capital markets expertise and exceptional standards of service have ensured a high-quality deployment that will significantly enhance our services."
"We are committed to serving firms such as Portigon, who seek to enhance their competitiveness by streamlining operations across business silos using our global post-trade solution," said Tom Carey, President, Global Technology and Operations International, Broadridge. "It is a great privilege to have been selected as Portigon's single multi-asset solution provider demonstrating our capability to operate across multiple asset classes and implement solutions across Portigon's home market and international markets."
Portigon's solution includes full middle- and back-office transaction processing across asset groups. It supports processing of confirmations, trade reporting, position management, netting, settlement, corporate actions and statements and advices, and is fully integrated with Broadridge's EMIR Regulatory Reporting services.
Within the past year, Broadridge has received various industry awards - including the Futures & Options World International and Asia awards for Best New Product, Clearing - in recognition of its investments in multi-asset processing and its dedication to providing clients with a true global, multi-asset, post-trade solution.
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