New report identifies “multi-asset class conundrum” and lays out best practices roadmap to help financial services companies solve post-trade complexities across business lines
LAKE SUCCESS, N.Y., Mar. 20, 2013 – A new report released today by Broadridge Financial Solutions (NYSE:BR), a leading technology and operations solutions company for the global financial services industry, finds that leading financial firms are increasingly turning to external solutions providers as a way to attain post-trade processing simplicity while reducing technology costs and risks and enabling easier entry into new asset classes.
“In recent years, multi-asset class trading has exploded as buy- and sell-side firms utilize a broader array of investment strategies to improve performance and outperform their peers,” said David Campbell, Senior Strategy and Product Manager, Securities Processing Solutions, International, Broadridge. “This diversification has occurred across both asset segments and geographies as firms seek out new opportunities for growth. The structural shifts occurring in global markets present challenges and opportunities to brokers and banks. They must determine how to best evolve their operating infrastructures to support service and margin growth.”
Centralizing post-trade operations affords brokers enhanced business opportunities, streamlined operations and reduced operating costs. Resources once allocated to discrete – yet replicated – operational activities can be redirected elsewhere within the organization to meet growing customer demands and expand brokerage revenues. In so doing, brokers are able to create a flexible and scalable framework that simplifies operations. Three key factors are driving the need for change:
According to Andy Nybo, Principal, Head of Derivatives at TABB Group, “Solving post-trade processing complexities across business lines requires an experienced partner with the ability to provide global multi-asset class solutions. You should look for a partner with proven functional expertise and an unparalleled understanding of building infrastructures to support all aspects of your operations.”
In light of these current conditions, capital markets sell-side firms should assess their existing multi-asset class processing capabilities across the core areas of technology and operations, expertise, risk, and cost. Broadridge offers a structured approach to help financial firms successfully streamline post-trade processing across asset classes:
For additional details or to download Broadridge’s full whitepaper – “The Multi-Asset Class Conundrum: Solving Post-Trade Complexities Across Business Lines” – click here.
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.
Broadridge Financial Solutions, Inc.
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