Broadridge Financial Solutions has launched a global futures and options software-as-a-service (SaaS) platform, designed to transform order and execution management capabilities for sell-side institutions and expand its existing derivatives trading capabilities.
According to a press release, the new platform will enable the delivery of new functionalities for global institutions operating in the futures and options agency execution business and offers a “distributed architecture that enables operations from any jurisdiction and benefitting from Broadridge’s broader multi-asset class trading and operations offering”.
The platform aims to address the “fragmented experiences for buy-side clients and challenges for sell-side firms in gaining a comprehensive view of trading activity and risk management” by enabling the latter to customise each workflow channel while ensuring a consistent experience for the former. It also integrates workflows and data with automation with the aim of facilitating regulatory changes and enabling greater transparency and utilisation of analytics.
In a statement, Ray Tierney, who is responsible for the management and growth of Broadridge’s trading and connectivity solutions, said: “While existing systems often lack the flexibility required, Broadridge’s Futures and Options platform stands out for its modular and flexible deployment capability, addressing industry demands head-on.
“We strongly believe this fully hosted solution is a significant step change in order and execution management for the derivatives markets, helping firms simplify and optimise trading.”
