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About Broadridge

Press Release

Broadridge Announces New Connectivity Service to SWIFT’s Accord for Securities Matching Service

Lake Success, N.Y. – June 24, 2010 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it is has developed a new solution to support broker connectivity to the SWIFT Accord for Securities trade matching service for broker-dealers.

SWIFT Accord for Securities is used by prime brokers and executing brokers to match equity and fixed income trades executed by the global hedge fund community.  Additionally it is used in other broker trade confirmation flows to replace faxes and to enhance the exchange of SWIFT confirmation message flows with a matching service, improving the timeliness of pre-settlement matching and reducing settlement failure rates.

The parties to the trade create MT515 messages for each trade and send them to the Accord infrastructure at SWIFT.  Accord validates and matches these confirmations in real time, and provides reporting through two channels - a GUI interface and detailed status updates via MT messages.

Broadridge’s new module is available as an additional, integrated function of its international market-leading securities processing solution, Gloss.  With automated generation and transmission of the MT515 messages and receipt of the detailed status update messages, matching exceptions can be managed in Gloss’ integrated workflow and reporting functions.

“We are pleased to extend our SWIFT messaging capability and to help our clients take advantage of a utility that allows them to reduce settlement failure rates and enhance their client service,” said Tom Carey, President, Securities Processing Solutions - International, Broadridge.  “We have a strong track-record of investing in new initiatives to help our clients increase their operational efficiency, and enabling them to respond quickly and efficiently to market change and emerging service opportunities.”

To contact media relations, please email us at mediarelations@broadridge.com.