Baader Bank AG chose the solution of Broadridge Financial Solutions, Inc. (NYSE:BR) for its trading and trading regulatory reports.
The deal further expands Broadridge’s strategic relationship with the bank, which is a user of Broadridge’s suite of front and middle office solutions for order management, trading and market connectivity.
Baader Bank offers its clients access to a full range of asset classes, including equities, bonds, derivatives and mutual funds/ETFs, as well as primary market trading. Broadridge’s platform supports the bank to effectively meet the evolving requirements in multiple jurisdictions due to today’s rapidly changing regulatory landscape, including MiFID, FinfraG, EMIR (Refit) and SFTR. Baader Bank will adopt Broadridge’s holistic reporting solution that will ensure a more unified and comprehensive reporting regulatory framework.
“We are excited to support Baader Bank by providing access to our cutting-edge platform and expertise to transform its risk and compliance capabilities,” said Ben Cooling, General Manager, Regulatory Transaction Reporting Solutions at Broadridge. “As banks continue to face the challenges of meeting complex regulatory requirements, we are extremely proud that Broadridge continues to be the technology partner of choice for global financial institutions seeking to simplify, transform and innovate across the trade lifecycle ».