LAKE SUCCESS, New York -- August 31, 2010 -- Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it has extended the range of multi-asset processing capabilities of its Gloss international transaction processing solution. This includes post-execution transaction processing for FX forwards, non-deliverable forwards (NDFs) and forward rate agreements (FRAs).
Gloss is very well established internationally as a leading multi-currency trade processing and settlement platform with extensive functionality for equities, fixed income and warrants. It has always provided an FX capability, but now this has been enhanced and extended to specifically recognise and cater for FX forwards, NDFs and FRAs. This capability has been provided in response to the requirements of clients and prospects globally, particularly in the Asia Pacific region which is an important strategic focus for Broadridge’s international business.
Additionally, Broadridge’s recent acquisition of City Networks, now rebranded as Broadridge City Networks, means that Broadridge is able to offer a combined solution that includes Gloss and ProActiveTM Matching to provide a complete FX transaction processing, confirmation, matching and settlement solution.
“This latest investment by Broadridge is part of our response to the requirement to process many different asset classes on a single platform,” said Robin Kneale, Head of Strategy and Product Management, Securities Processing Solutions, International, Broadridge. “We see demand for this functionality from our clients and prospects internationally, especially in Asia Pacific, and we are pleased to demonstrate the flexibility and configurability of the Gloss engine in this way to meet these requirements. Now we plan to go on to provide functionality for exchange-traded futures and options and CFDs.”
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.
+44 (0)20 7551 3000