Broadridge adds cash management to post-trade suite

Source: Broadridge

Broadridge Financial Solutions, Inc. (BR) today announced the extension of cash management capabilities to its industry leading Global Post Trade Management Solution (GPTM), which helps leading financial institutions optimize their use of capital across multiple asset classes and global markets.

The ability of Broadridge's GPTM to drive increased operating efficiencies and agility for its clients has led to its adoption by the world's leading financial institutions.

GPTM with cash management capabilities allows financial institutions to manage cash, payments and foreign exchange across asset classes and borders in real-time. Through the single view of global trades and cash, banks can truly optimize the use and cost of capital and manage risk and liquidity across business entities. Banks can also improve their client services and experience by providing a single view of positions and cash across asset classes and markets to their clients.

Since its launch this past May, three of the world's leading financial institutions have chosen GPTM as the strategic platform to streamline operations and transform to their target operating model by consolidating multiple disparate systems and standardizing operational processes. Two of the new clients chose GPTM as their single, strategic solution for fixed income processing globally, consolidating multiple platforms across regions. The third chose the solution to unify its equity and fixed income processing for operations in EMEA and a range of Asia Pacific operations.

"Leading firms now recognize the opportunity to improve profitability by standardizing and streamlining their post trade processing systems and operational processes," said Tom Carey, president, Global Technology and Operations International, Broadridge. "The signing of these three significant global firms, and the demand for the solution, demonstrate the evolution of the market and the relevance of our investments to our clients."

"With integrated cash management, GPTM offers a unified real-time view of trade and cash positions," Carey continued. "This enables firms to optimize their cash usage and manage risks, all through one platform, one view, and one experience."

GPTM supports multiple asset classes across global markets, including equity, fixed income, foreign exchange, money markets, exchange-traded derivatives and trade financing. The solution leverages new technology and a new, componentized architecture to provide clients with an integrated enterprise platform that standardizes post-trade processing and operations. GPTM can be deployed as a technology service or a fully outsourced managed service, delivering operational and technological capabilities from trade capture through matching and confirmation, clearance and settlement, cash management, reconciliations, asset servicing, books and records, accounting and regulatory reporting.

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