LiquidX and Broadridge join forces

Broadridge Financial Solutions has struck agreement with LiquidX, Inc. (LiquidX), the provider of an electronic exchange platform for global trade finance on a joint venture of sorts. Broadridge has made a strategic investment in, and entered into a referral, sales and marketing alliance with, LiquidX.

“LiquidX’s innovative technology combined with Broadridge’s leadership role in facilitating trading and settlement on behalf of its large global client network will provide significant value in addressing liquidity and execution issues within trade finance,” said Charlie Marchesani, president of Global Technology and Operations at Broadridge. “Our alliance with LiquidX is a strategic extension of our processing capabilities to a new emerging electronic asset class marketplace.”

Jim Toffey, CEO and founder of LiquidX, said: “We are excited to partner with Broadridge to greatly expand the distribution reach of our highly-scalable and rapidly-growing platform.”

Chris Perry, president of Global Sales, Marketing and Solutions at Broadridge, said: “Broadridge’s continued focus is on bringing revenue-generating, value-added solutions to our network of clients.  Our unique business model enables us to serve as the intersection between corporate, buy-side and sell-side firms and work with LiquidX to bring needed liquidity to an illiquid asset class.”