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Israel Based Phoenix Leverages Broadridge's Order Management System to Drive International Institutional Trading Expansion

Institutional clients benefit from direct market access to the Tel Aviv Stock Exchange

NEW YORK, NY and TEL AVIV, ISRAEL, December 19, 2023 – Phoenix Investment House, the capital market, brokerage, and fund management arm of Phoenix Holdings, a leading Israel-based insurance, asset management, and financials group (TASE: PHOE) (“Phoenix”) has selected the Order Management System (OMS) of Global Fintech leader Broadridge (NYSE: BR) to drive expansion of international institutional trading on the Tel Aviv Stock Exchange (TASE).

“We are proud to offer direct market access to the Tel Aviv Stock Exchange to our clients, fully managed and hosted by Broadridge in the London Data Center environment,” said Elad Burshtein, CEO of Phoenix’s Brokerage and Portfolio Management platform. “Broadridge’s solution significantly improves the toolkit available to international clients wishing to access the TASE. This strategic partnership is a sign of our commitment to innovation, client service and strategic value creation within Israeli capital markets. This initiative will facilitate greater access for international institutions to the Israeli capital market.”

“With advanced trading tools and reliable technology, Broadridge’s fully hosted OMS will enable Phoenix to deepen its already distinctive institutional value proposition,” said Ofir Gefen, Managing Director EMEA and APAC, Broadridge Trading and Connectivity Solutions. “Israel is an important market for Broadridge in EMEA, and we are looking forward to a long-lasting relationship with Phoenix.”

Macroeconomic trends and the emphasis on operational resilience are leading firms to look for rich functionality and reduced costs of ownership of solutions. Broadridge’s OMS supports high- and low-touch workflows with powerful tools for compliance and a seamless integration to solutions across the trade lifecycle. The OMS is connected to over 200 exchanges with multi asset class capabilities and utilized by over 150 firms and five thousand active traders globally.

About Phoenix Holdings

Phoenix Holdings is a leading Israel-based insurance, asset management, and financials group traded on the Tel Aviv Stock Exchange (TASE: PHOE). Group activities include multi-line insurance, asset management, distribution, and credit, and have demonstrated strong growth and performance across the cycle. The Phoenix serves a significant portion of Israeli households and businesses with a broad set of activities and solutions across institutional, businesses and client segments. Managing over $100 billion in assets, the Phoenix accesses Israel’s vibrant and innovative economic activity through a robust investment portfolio, creating value for both clients and shareholders.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.

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