LAKE SUCCESS, New York -- March 15, 2011 -- Broadridge Financial Solutions, Inc. (NYSE: BR) today announced it has substantially enhanced the fixed income and financing functionality of its leading multi-asset trade processing and settlement solution, Gloss. The platform offers users additional processing support for tri-party repurchase agreements, auto-borrows and mortgage-backed securities as well as new P&L methodology and a Bloomberg interface. In parallel, Broadridge has extended its global fixed income client base for Gloss with three new implementations.
Gloss’ new functionality will further increase users’ operational efficiency, and includes:
Large-scale issuance of debt has stimulated banks’ desires to trade globally in fixed income products. Broadridge has worked with three investment banks to help them quickly launch or extend their global fixed income businesses in Europe and Asia Pacific in less than six months, with one of the operations going live in under three months. A number of other clients are also in the process of rolling out the Gloss solution this year.
“We are very pleased to be supporting the ambitions of our clients and responding to the evolving requirements of the brokerage community as they seek to rapidly launch or extend their businesses in new areas and geographies. We have been particularly pleased to help clients get these complex businesses up and running in less than six months from start to go-live,” said Robin Kneale, Head of Strategy & Product Management, Securities Processing Solutions International, Broadridge. “This should be seen as another element of our ongoing roll-out of in-depth multi-asset capabilities which deliver increased efficiency and automation to our users’ trade processing and settlement operations,” Mr. Kneale added.
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
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Broadridge Financial Solutions, Inc.
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