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BOCA RATON, FL, March 15, 2016 - Broadridge Financial Solutions, Inc. (NYSE:BR) and The Technancial Company Ltd. (TTC) today announced a strategic alliance to provide an enhanced post-trade offering for futures and options. The alliance will see the combination of Broadridge’s global post-trade processing solution with the strengths of TTC’s leading real-time JANUS™ Margin Engine. This collaboration will allow clients to leverage extended best-in-class capabilities for exchange traded derivatives processing, including client clearing, while enabling consolidation of their post-trade operations across assets.
The alliance is a direct result of the financial services industry’s increasing imperative to renew systems and improve operational efficiencies. Given technology’s critical role in the futures and options arena - as regulatory mandates reshape the landscape for clearing, reporting and operational controls - clients’ demand for additional services and innovation continues to surge. Together, Broadridge and TTC will help financial institutions meet these challenges with their shared focus on market and asset class reach, alongside functional, technological and operational efficiencies.
Paul Clark, Head of Institutional Product Management, Global Technology and Operations International, Broadridge, said: “The collaboration between Broadridge and TTC offers our mutual clients the ability to benefit from a superior, highly efficient exchange traded derivatives capability with seamless process throughput. The solution is integrated with post-trade processing and operational control for other asset classes offered via Broadridge’s global post-trade processing platform. Our strategic alliance with TTC is a natural fit based on our shared focus to provide the highest levels of value and customer service to our clients.”
Mirko Marcadella, Global Head of Business Development, TTC, said: “Working with Broadridge enables us to provide industry participants with an opportunity to seamlessly implement a leading set of capabilities for exchange traded derivatives margin and operations. The integrated solution offers best-of-breed post-trade processing and leverages a real-time solution developed for use from pre-trade calculations through to calculating initial margin for reconciliations and payments. We believe that our combined offering brings a gold standard solution to the futures and options marketplace.”
About The Technancial Company Ltd.
The Technancial Company Ltd. delivers advanced real-time risk management and trade surveillance tools to global markets. The Technancial Company’s products, JANUS™ Risk Manager, JANUS™ Margin Engine and JANUS™ Trade Surveillance, are used by global institutions across markets, regions and asset classes to supervise their trading, market making, DMA and HFT activities. More than 70 risk checks and more than 60 clearing houses’ margin algorithms are supported by the JANUS™ Platform and can be used in pre-trade, post-order (at-trade) and post-trade to manage market, credit and operational risks in low latency environments.
The company is headquartered in London and has offices in Chicago, Hong Kong and Milan.
For more information please visit http://technancial.com/
Broadridge Financial Solutions, Inc. (NYSE:BR), a $4 billion global fintech leader, provides investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor 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 percent of public companies and mutual funds in North America, and processes more than $5 trillion in fixed income and equity trades per day. Broadridge employs approximately 10,000 full-time associates in 16 countries.
For more information about Broadridge, please visit www.broadridge.com.