NEW YORK, October 11, 2023 – Introducing an innovative new solution to the UK market, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), today announced a strategic partnership with Iress (IRE.AX), a technology company providing software to the financial services industry. The combination of Broadridge’s order management system (OMS) and market-making platform (Tbricks), integrated directly into the Iress Retail Service Provider (RSP) network, enables market maker (liquidity provider) clients to benefit from streamlined order management, increased market connectivity, real time data and analytics, and robust compliance, alongside an increased focus on the end user.
“The strategic partnership with Broadridge coincides with focused investment into the RSP platform for enhanced data insights and execution services to retail brokers and wealth managers,” said Ray Pretorius, Managing Director, Iress UK Trading. “We look forward to working with and welcoming Broadridge market-making clients to the Iress RSP network, further extending the value proposition to our respective client base.”
“We are pleased to be working with Iress to bring exciting new technology to the UK market,” said Ian Mawdsley, Chief Product Officer, Broadridge Trading and Connectivity Solutions. “By combining our order management and advanced market-making tools with access to the Iress RSP network, we are bringing a comprehensive solution to the market at a time when few complete solutions have been available.”
By combining the expertise of Broadridge and the network of Iress, the joint solution will lead to the development of a new trading and connectivity solution tailored specifically for UK market makers with full access to the retail and wealth community. The offering will lead to improved access to market data, execution of trades and enhanced risk and market-making capabilities.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.
For more information about us, please visit www.broadridge.com.