Danske Bank Selects Broadridge’s Principal Risk Trading and Market Making Solution
NEW YORK, January 16, 2024 - Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Danske Bank (DANSKE: CO) has selected Broadridge’s multi-asset trading and market making solution, Tbricks, to support multi-asset trading, pricing and position management across Danske Bank locations. Tbricks offers a modular trading platform with a flexible user interface, powerful built-in functionality and a high degree of customizability. Tbricks will integrate with existing systems at Danske and allow the bank to scale and streamline operations, creating the capacity to focus on strategic initiatives rather than technology management, and providing long-term cost predictability.
“Implementing a managed solution of Broadridge’s Tbricks for multi-asset trading and market making presents us with the latest in trading technology, as well as a long term partner which over time can expand our offerings within the equities and derivatives trading space,” said Claus Harder, Global Head of Markets & Transaction Banking at Danske Bank. “After a thorough review of other Fintech and capital markets solution providers, we are excited to expand our longstanding relationship with Broadridge.”
Capital markets firms are increasingly searching for highly adaptable, modular solutions that combine speed and accuracy with the flexibility demanded by today’s ever-changing financial markets. Broadridge’s multi-asset trading platform allows clients to utilize agile systems that enable a high level of interoperability, allowing them to adapt to change quickly, employ sophisticated trading strategies and capitalize on business opportunities.
“At Broadridge, we’re committed to building a leading suite of innovative and scalable solutions across the trade lifecycle,” said Ofir Gefen, Managing Director EMEA and APAC, Broadridge Trading and Connectivity Solutions. “We are excited to expand the services we offer to Danske Bank and to enable them to deliver enhanced front office trading solutions for their clients. Today’s announcement further underscores Broadridge’s commitment to serving our clients across EMEA.”
About Danske Bank
For more than 150 years, Danske Bank has helped enable growth and development in society. Danske Bank offers expertise in funding, risk management and investments, including specialised finance, structured transactions, loan syndications, credit structuring and wholesale equities, besides investor services and transaction banking, including a whole suite of award-winning cash management and trade finance solutions.
Sweden, Norway, Finland and Denmark are our four core markets, In addition, we have a presence in several other countries and hence offers access to the rest of the world for Nordic businesses and serves as a gateway to our region for international businesses.
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.