Distributed Data
Broadridge Brokerage Processing Services offers its BPS Advantagesm platform as an unbeatable solution for information retrieval and distribution. BPS Advantage uses both Sybase® and Microsoft® SQL relational database formats to provide brokerage firms and banks with access to their critical customer data along with the ability to develop highly specialized reports and applications.
It all starts with BPS Advantage's automated extraction of data from the Broadridge BPS mainframe. Once extracted, BPS Advantage normalizes the data and loads it into a standard, relational database management system. This provides your firm with the ability to use your own query and report generation tools to download your customer data for comprehensive analysis and customized reporting. And, because the system's multi-layered architecture operates in a client/server environment, it easily interfaces with your third party and/or proprietary systems, allowing you to develop customized front-ends to suit your particular customer or business needs.
BPS Advantage also interfaces with a wide range of other Broadridge back-office applications, using a standard data model. With Advantage, you can get real-time updates of name and address, balances, positions, account history and MSD data categories, enabling your firm to provide critical intra-day management reports and customer position and balance information. If you're one of the many firms competing in the electronic brokerage market, this means you can provide customers with the ability to place orders and track account information in real-time, right from your firm's web site, for faster data access, shorter change cycles and improved customer satisfaction. And, because Advantage offers your firm direct access to your own data for ad hoc queries, you can design and produce customized reports and applications - for both internal and customer use. This allows you to develop and integrate comprehensive web-based applications, such as dynamic order status monitors and complete customer margin exposure valuation tools - all resulting in increased flexibility and support for your operations, and value-added services for your customers.
For firms offering correspondent clearing services, Advantage also offers multiple distribution selection criteria, for the ability to download data to a single server environment or multiple server environments, based on particular business or correspondent needs. And, BPS Advantage facilitates the distribution of company-wide data to multiple branch offices. Regardless of whether your company is a full-service retail firm, discount brokerage, electronic investment firm, global securities dealer, bank, correspondent clearing firm or institutional investment firm, BPS Advantage offers unsurpassed flexibility for streamlined operations.
With BPS Advantage you get the best of both worlds, the expertise of an industry leading service bureau coupled with the flexibility and customization options usually only reserved for proprietary systems. And, along with state-of-the-art systems and technology, Broadridge provides unparalleled world class customer service including comprehensive conversion plans, proven quality assurance and ongoing technical support!
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