To better help small and mid-tier brokerage firms access domestic and global markets faster and more simply, Broadridge Financial Solutions, Inc, a global Fintech leader, today announced the launch of its new Post-trade FastStart solution.
The new solution is based on Broadridge’s best-in-class global post-trade processing platform, widely used by major securities firms globally. It provides business-critical functionality specifically tailored to the needs of small- and mid-tier firms. Post-trade FastStart automates every aspect of the post-trade process from importing transactions to content verification, matching, sending to and receiving data from settlement institutions, interfacing with domestic and global markets, all the way to settlement of the trade.
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“Brokerage firms are facing increasing client demand for a wider variety of products and services, while also dealing with rising system infrastructure costs, ongoing market and regulatory change, and increased risk due to inadequate legacy technology,” said Danny Green, Head of Post-trade at Broadridge International. “Firms need to transform their operations to be ready for next for their clients and Post-trade FastStart can meet that challenge with minimal implementation time and a low-cost base.”
Post-trade FastStart provides Broadridge clients with the capabilities to handle both domestic and foreign equity and bonds, stock lending, collateral management and real-time multi-currency, multi-market transaction processing. Global market connectivity to local agents and custodians via SWIFT messaging, as well as domestic connections, such as BOJ-NET and JASDEC in Japan, SGX-PTS2 in Singapore, and CCASS in Hong Kong enable securities firms to be up and running quickly and be ready for future expansion into new asset classes or geographies. The solution is managed centrally in a controlled and secure environment in Broadridge’s industry-leading data centres with proven data security.
