The UK is the leading financial centre for international capital markets. Through its Gloss platform, Broadridge is the market-leading provider of advanced STP solutions for UK and international institutional bank/brokerage operations.
Gloss is market proven and highly scalable, and supports all sizes of operation from new start-up operations to some of the world's most established names in the institutional sector.
Global access is provided to the world's financial markets, with support for a full range of instruments and multi-market operations. New clients, markets, instruments and business initiatives can easily be defined to take full advantage of emerging service opportunities.
Gloss is a real-time, multi-currency, transaction processing engine which automates the trade processing lifecycle from trade capture through to confirmation, clearing agency reporting and settlement.
Gloss supports an extensive range of instruments for international operations:
Complementing its broad market support, Gloss provides business-critical functionality to meet the needs of many types of operations including institutional principal and agency broking and correspondent clearing. The transaction processing lifecycle includes:
Gloss controls operational risk using Task Explorer, Broadridge's proactive exception handling and workflow management system. Task Explorer pushes processing exceptions to users' desktops for rapid analysis and repair, minimising operational risk and exposure to processing delays.
A suite of standard modules provides value-added interfaces to trading systems, exchanges, regulators, clearing centres, custodians and network providers. These modules, known as STP Adapters, increase STP rates by providing real-time connectivity. Transactions are validated prior to transmission to reduce unnecessary fails, and responses are re-routed directly to Gloss.
STP Adapters are available for many services including: