Phoenix Investment House, the capital markets, brokerage and fund management arm of Phoenix Holdings, has selected Broadridge’s (NYSE:BR) Order Management System (OMS) to drive the expansion of international institutional trading on the Tel Aviv Stock Exchange (TASE). .
“We are proud to offer our clients direct market access on the Tel Aviv Stock Exchange, Broadridge’s full management and hosting in the London Data Center environment,” said Elad Burshtein, CEO of Phoenix’s Brokerage and Portfolio Management platform. “Broadridge’s solution significantly improves the toolbox available to international customers wishing to access TASE. This strategic partnership is a sign of our commitment to innovation, customer service and strategic value creation in the Israeli capital markets. This initiative will facilitate greater access of international institutions to the Israeli capital market.”
“With advanced trading tools and trusted technology, Broadridge’s fully hosted OMS will enable Phoenix to deepen its already distinctive institutional value proposition,” said Ofir Gefen, Managing Director EMEA and APAC, Broadridge Trading and Connectivity Solutions.
Macroeconomic trends and an emphasis on operational resilience are driving companies to seek rich functionality and reduced cost of ownership solutions. Broadridge’s OMS supports high- and low-touch workflows with powerful tools for compliance and seamless integration into solutions across the trade lifecycle. OMS is connected to more than 200 exchanges with multi-asset class capabilities and is used by more than 150 companies and five thousand active traders worldwide.