Institutional Brokerage
Broadridge Brokerage Processing Services (BPS) provides comprehensive transaction processing and communication services to support our many institutional clients. These services offer the invaluable functionality necessary for institutional investors to execute and process trades seamlessly, from order entry all the way through to customized post-trade reporting, for equities as well as fixed-income securities. And, for firms competing in the rapidly growing Prime Brokerage business, Broadridge offers the right mix of products and value-added services to support institutional trading requirements, including stock loans, repos, DVP and RVP trading, cross-border trading, and multi-currency processing.
Broadridge's BPS platform is one of the most robust securities processing engines in the industry today, and we've leveraged this infrastructure to provide industry-segmented functionality for our institutional clients. Specifically for institutional trading firms, the Broadridge BPS system provides links to:
- BLOOMBERG®
- OASYSTM
- Alert
- SID
- LOANet
- GlobalOne, and all major U.S. exchanges
In addition, the BPS system also provides real-time interfaces to DTC and the DTC ID system.
BPS allows your firm to benefit from trade date and/or settlement date accounting functionality - enabling you to support large block trading with the ability to know your firm's exact position at any point in time. Another strength of BPS is its ability to track margin requirements on non-US dollar positions. This multi-currency capability enables Broadridge to make this information available to clients for monthly statements and customized reporting. And, to always ensure seamless balancing and P&L reporting, the BPS system provides support for a wide range of financial instruments including equities, options, fixed-income, foreign exchange, derivatives and mutual funds.
When it comes to cashiering, you can increase your firm's productivity by leveraging the strength of Broadridge's real-time Cage III platform. Cage III makes clients more efficient by eliminating the need to search through an entire report looking for exceptions. Broadridge's customized SCAN reporting capabilities provides summarized "exception-only" reports that can be generated by account, by CUSIP, or by any number of other customized parameters. With Cage III, you also get seamless, end-of-day trade balancing and can optimize your firm's risk management/control.
In addition to the core BPS platform, Broadridge also provides BPS Advantagesm to feed real-time data to your risk management and other proprietary systems. BPS Advantage provides automated data distribution from the Broadridge BPS mainframe. Once extracted, BPS Advantage normalizes the data and loads it into a standard, relational database management system. This functionality provides your firm with the ability to use query and report generation tools to access and use 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 applications to suit your particular customer or business needs.
For firms trading around the clock or around the world, Broadridge has developed its Global Processing Solution. This new, integrated processing platform allows users to process any security, from any location, at any time, with any counter-party worldwide. This consolidated processing solution is established by linking Broadridge securities processing systems into one seamless, integrated offering.
With Broadridge's institutional brokerage services, you get comprehensive end-to-end support for complete order routing, execution, trade processing and reporting. And, along with state-of-the-art systems and technology, Broadridge provides unparalleled world class service including comprehensive conversion plans, 24x7 telephone support, proven quality assurance and ongoing technical support!
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