Broadridge Financial Solutions, Inc. has launched a derivatives trading technology platform targeting institutional clients. This futures and options software-as-a-service platform is designed to cater to the Futures Commission Merchant community.

Broadridge's new offering is a response to the surge in trading volumes in the derivatives space. According to the press release, the new platform, dubbed the Broadridge Futures and Options, offers tailored solutions to enhance the trading experience for buy-side clients while enabling sell-side firms to gain insights into trading activities and risk management.

Streamlining Trading Activities

Ray Tierney, the President of Broadridge Trading and Connectivity Solutions, mentioned: "While existing systems often lack the flexibility required, Broadridge's Futures and Options platform stands out for its modular and flexible deployment capability, addressing industry demands head-on."

"We strongly believe this fully hosted solution is a significant step change in order and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management for the derivatives markets, helping firms simplify and optimize trading."

The futures and options platform aims to streamline trading activities by facilitating order and execution management while driving scale and growth in the listed futures and options marketplace.

Besides that, the new platform integrates workflows and data to address the challenges related to regulatory changes. Additionally, Broadridge Futures and Options’ automation capabilities aim to enhance the derivatives trading experience using analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term.

Broadridge Expands Offerings amid Positive Financial Outlook

Last month, Broadridge reported its financial results for the second quarter of fiscal year 2024, highlighting a significant surge in revenue. The firm's Q2 revenue increased 9% to $1,405 million, with diluted earnings per share (EPS) reaching $0.59 and adjusted EPS soaring to $0.92. The company's recurring revenues experienced a notable uptick, totaling $899 million. This represents an increase of 7% year-over-year.

With an impressive first quarter marked by substantial growth in recurring revenues and adjusted EPS, Broadridge's fiscal year 2024 sets a positive trajectory. The company's strategic focus on growth, coupled with robust financial performance, positions it for continued success in the market.

Recently, Broadridge introduced OpsGPT, a Generative AI-based solution for post-trade operations. With initiatives like OpsGPT and BondGPT, the company aims to enhance operational efficiency and client experience.