TORONTO, Ontario, July 26, 2011 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the release of an enhanced version of its Smart Securities offering in Canada, which will now include New Issue Document Fulfillment.
New Issue Document Fulfillment is a solution for the communication and delivery of transaction confirmations and required compliance documents to investors who have purchased new issue equity and fixed income products.
This new automated system will identify and stream trades into separate queries, triggering a workflow for distribution of prospectuses or other required documents along with trade confirmations. The results will be minimized costs and substantial operational efficiencies.
The solution incorporates print-on-demand technology with inventory management and provides concise audit reporting. As a scalable offering it supports multiple new issues at the same time while ensuring that the most current documents are available for distribution.
Donna Bristow, Vice President, Investor Communication Solutions, Canada, Broadridge, remarked: “The release of New Issue Document Fulfillment builds on the success of the current Smart Securities service which provides dealers with an automated solution for the distribution of transaction confirmations. The ability to automate the fulfillment of compliance documents provides the auditability, automation and cost efficiencies required for dealers to issue a transaction confirmation and prospectus for initial public offering and secondary offering transactions.”
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 16 countries.
For more information about Broadridge, please visit www.broadridge.com.
The Torrenzano Group
+1 212 681 1700
Broadridge Financial Solutions, Inc.
+1 (416) 865 6591