Sell-Side Technology Awards 2016: Best Outsourcing Provider to the Sell Side — Broadridge Financial Solutions
The Lake Success, NewYork-based firm has also established itself as a leading business-process outsourcing provider through its Managed Services division.
![broadridge-outsourcing-sst2016 broadridge-outsourcing-sst2016](/sites/default/files/styles/landscape_750_463/public/import/IMG/381/346381/broadridge-outsourcing-sst2016-580x358.jpeg.webp?itok=AyUmJc8k)
Broadridge offers an impressive suite of solutions. Its platform clears and settles in over 70 countries and the vendor processes on average over $5 trillion in equity and fixed-income trades of US and Canadian securities daily. Add to that its data aggregation, portfolio management, corporate actions, reconciliation, reporting and numerous other services, and it's clear that Broadridge's tentacles run far and deep.
The Lake Success, NewYork-based firm has also established itself as a leading business-process outsourcing provider through its Managed Services division, allowing banks and brokers to outsource their post-trade processing technology and operations for the entire securities transaction lifecycle, including asset servicing, securities lending and record-keeping, as well as custody-related functions, client onboarding, tax and regulatory reporting. Broadridge uses IBM’s data centers and its Managed Services are Financial Industry Regulatory Authority (Finra) and US Securities and Exchange Commission (SEC) ratified.
In partnership with Accenture Post-Trade Processing, Broadridge also provides securities processing managed services in Europe and Asia-Pacific. The service combines Accenture’s global business process outsourcing capabilities with Broadridge’s post-trade processing technology.
Through its Post-Trade Processing Technology & Operations Services unit, Broadridge offers outsourcing functions for revenue and expense management, reconciliations, performance reporting, investment and fund accounting services, tax services, imaging and workflow solutions, and managed data services.
On the data side, earlier this year Broadridge announced that it had enhanced its Managed Data Service (MDS) offering with the addition of several professionals with extensive experience in the field. “Banks have started to better understand the expense of data infrastructure and the cost of poor data quality across the enterprise, which makes the economics of a managed data service quite compelling,” said Bennett Egeth, president of Broadridge Investment Management, Reference Data and Risk Solutions, at the time of the announcement. “Broadridge has the technology solutions and Managed Service experience to help firms drive down cost, deliver enhanced service levels, and demonstrate significant improvements in data quality.”
Broadridge offers an impressive suite of solutions. Its platform clears and settles in over 70 countries and the vendor processes on average over $5 trillion in equity and fixed-income trades of US and Canadian securities daily.
The MDS is an extension of Broadridge’s Post-Trade Managed Service offering, which currently serves over 20 clients. It is designed to help firms improve enterprise reference data quality and decrease technology and operational cost of ownership on a single, customizable, multi-tenant platform.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions