Broadridge has acquired City Networks, a leading provider of solutions for reconciliation, multi-asset process automation and operational risk management. With immediate effect City Networks will operate internationally as Broadridge City Networks.

Through this acquisition, Broadridge is now able to provide solutions and services for:

• Reconciliation
• Automated reconciliation for cash, securities and derivatives within one comprehensive solution
• Validation, enrichment and matching of transactional data throughout the trade lifecycle
• Reconciliation across all internal systems and external agents
• Confirmation Matching
• Automated matching of trade confirmations with unsurpassed match rates
• Real-time matching for counterparty, customer and broker confirmations
• Streamlined processing for FX, money market and OTC derivative trades via electronic messages, email, fax or internet portal
• Agent Commission Control and Cost Center Allocation
• Independent, automated calculation of third party agent fees, including discounts
• Agent statement reconciliation
• Intraday cost center allocation

The acquisition of City Networks is a further example of Broadridge’s commitment to regularly introduce new, innovative solutions that complement existing services. A Broadridge account representative will be happy to discuss the benefits of this new service offering, or any of our solutions.