New enhancements address industry needs to
quote at unprecedented scale, while optimizing trading technology
to unlock significant efficiency gains for traders
NEW
YORK and LONDON,
Nov. 21,
2024 /PRNewswire/ -- Broadridge Financial Solutions,
Inc. (NYSE:BR), a global Fintech leader, today announced
transformative enhancements to Tbricks, its high-performance
multi-asset trading and market making solution. Broadridge's latest
Structured Products Market Making enhancements are set to transform
global trading operations, enabling trading desks to quote hundreds
of thousands of structured products across multiple markets and
distribution channels simultaneously.
"This transformative development marks a significant leap
forward in simplifying and optimizing trading for structured
products," stated Konstantin
Romanov, Global Head of Principal Trading Products,
Broadridge Trading and Connectivity Solutions. "Banks and
broker/dealers have long struggled with the complexity and scale of
structured product quotations, which span multiple markets and
various quoting modes. Tbricks directly addresses this critical
issue, empowering banks and broker/dealers globally to quote at
unprecedented scales and unlock new efficiencies through an
intuitive, consolidated user interface."
"We have found Tbricks to be a reliable and flexible Market
Making tool with low latency capabilities, combining safety and
speed. The enhancements to the platform have enabled us to better
serve our clients with our Marex-issued Structured Products in a
dynamic market condition," said Mehdi
Mlaiki, Head of Trading, Marex Solutions. "These
developments have significantly enhanced our ability to provide
investors with accurate and competitive quotes," continued Joost
Burgerhout, Head of Marex Financial Products. "We believe this has
contributed to the increase of our market share and consistent
ranking among the top issuers in regard to trading volume on the
Italian exchange Cert-X."
Broadridge has several European tier 1 clients that benefit from
the solution and worked closely with them to better understand
their challenges with quoting trading instruments at scale and to
identify new ways to drive automation and improve usability, while
enhancing the solution.
The enhanced Tbricks solution reaffirms Broadridge's commitment
to providing the critical infrastructure that powers trading and
operations across markets – with global, multi-asset, modular
solutions – across the trade lifecycle.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global
technology leader with the trusted expertise and transformative
technology to help clients and the financial services industry
operate, innovate, and grow. We power investing, governance, and
communications for our clients – driving operational
resiliency, elevating business performance, and transforming
investor experiences.
Our technology and operations platforms process and generate
over 7 billion communications per year and underpin the daily
trading of more than $10 trillion of
securities globally. A certified Great Place to Work®, Broadridge
is part of the S&P 500® Index, employing over 14,000 associates
in 21 countries. For more information, please visit
www.broadridge.com.
Broadridge Contacts:
Investors:
Edings
Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/broadridge-significantly-enhances-structured-product-trading-capabilities-302311573.html
SOURCE Broadridge Financial Solutions, Inc.