Broadridge Financial Solutions is making news at this week's SIFMA Ops conference in Miami with the unveiling of its Global Post Trade Management solution, a tool that enables investment banks and broker-dealers to standardize post-trade processing via a consolidated platform. By doing away with duplicative operations and connecting information that was previously siloed, GPTM helps banks and broker-dealers reduce costs. A major investment bank has already adopted GPTM.
“Financial institutions globally are adjusting to a new market and regulatory landscape that requires more information and increased transparency for regulators, clients and their risk and finance functions,” said Celent analyst Arin Ray. “As a result, standardized 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.”
Using GPTM, banks and broker-dealers will be able to realize operational efficiencies and reduce costs by streamlining operations across markets, asset classes and businesses globally. GPTM provides a real-time view of positions, trades, profit & loss, and a consolidated sub-ledger. These capabilities will ease risk management and regulatory compliance functions for banks and brokers. The GPTM solution incorporates Broadridge’s existing offerings that are currently in use by firms of all sizes.
“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,” said Broadridge’s Charlie Marchesani.
“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.” GPTM is available as both a technology service and a fully outsourced managed service. The managed service offering encompasses operations and technology functions starting from trade capture through regulatory reporting.
Contributing writer: John Davis