Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the launch of its global Futures and Options Software-as-a-Service (SaaS) platform, expanding its existing derivatives trading capabilities. A top 3 FCM has signed on as an anchor client.
The platform represents a significant enhancement of Broadridge’s existing capabilities, enabling the delivery of new functions for global organizations active in the Futures & Options agency execution business, offering a distributed architecture that enables operations from any jurisdiction and benefits from its broader multi-asset trading Broadridge and offering functions.
“While existing systems often lack the required flexibility, Broadridge’s Futures and Options platform stands out for its modularity and flexible ability to grow, meeting industry demands head-on,” said Ray Tierney, President of Broadridge Trading and Connectivity Solutions. “We strongly believe this fully hosted solution is a significant step change in order and execution management for derivatives markets, helping firms simplify and optimize trading.”
The Broadridge order management technology platform will modernize and simplify trading operations while increasing scale and growth for the listed futures and options markets. Broadridge’s Futures and Options (F&O) platform is an end-to-end solution tailored for futures commission merchants (FCMs) and agency brokers, providing powerful order management and execution capabilities, access to a wide range of global listed derivatives markets along with integrated risk management pre-transaction and middle office functionality.
In response to the increase in transaction volume in recent years, sell-side firms typically offer customized solutions for each workflow, resulting in fragmented experiences for buy-side customers and challenges for sell-side firms to gain a complete picture of commercial activity and risk management. Broadridge’s F&O platform addresses these issues globally, allowing sales firms to customize each workflow channel while ensuring a consistent experience for buy-side customers, regardless of asset type.
The distributed architecture provides full flexibility to optimize for performance and scale or to meet regional requirements.
In addition, seamless integration of workflows and data combined with rich automation not only reduces the burden associated with regulatory changes, but also enables greater transparency and use of analytics, ultimately delivering an improved customer experience and enhancing operational efficiency .