Broadridge Financial Solutions has launched its Global Post Trade Management (GPTM) solution. It says this is a next generation offering that allows investment banks and broker-dealers to transform their operating models to gain operational and cost efficiency.
Said Arin Ray, analyst, Global Financial Services Securities & Investments Group, Celent: “Standardised and streamlined post-trade processing and management across all capital markets functions is increasingly critical. The GPTM solution is an innovative platform built on Broadridge’s proven technology capabilities and decades of expertise and is designed to meet banks’ current needs as well as provide a model for future strategic business growth.”
Charlie Marchesani, president, Global Technology and Operations at Broadridge, said: “Global investment banks are facing unprecedented regulatory and cost pressures and require solutions that allow them to consolidate duplicative operations, systems and processes to gain business efficiencies and improve profitability. GPTM is built on the foundation of Broadridge’s global capital markets expertise, and we view this as a truly transformative platform that helps financial institutions gain a significant operational advantage, removing multiple incumbent systems and complex deployments.”
Broadridge says Global Post Trade Management can be deployed as a technology service or a fully outsourced managed service, including operations and technology functions from trade capture through matching and confirmation, clearance and settlement, cash management, reconciliations, asset servicing, books and records, accounting and regulatory reporting.