LiquidX, a major financial technology platform for trade finance, has presented InBlock TradeOps, a business process outsourcing (BPO) service. The brand-new tool was developed in partnership with publicly-listed Broadridge Financial Solutions (NYSE:BR), a long-term strategic ally.

LiquidX and Broadridge Present InBlock TradeOps

According to the press release published on Tuesday, InBlock TradeOps offers solutions for back and middle office in trade finance, connecting Broadridge's outsourcing capabilities with the technology developed by LiquidX.

"InBlock TradeOps is the first complete solution to focus on lending and investing in this multi-trillion dollar credit asset class, eliminating all the operational challenges. We are proud of TradeOps's flexible pricing and servicing model that scales with the investor's investments, allowing them to operate smarter, faster and cheaper with better investment returns," Jim Toffey, the CEO of LiquidX, said.

LiquidX offers, as part of InBlock TradeOps, tools for digitizing and monetizing trade finance, allowing large sector investors to cut costs while gaining access to high-quality, real-time information. Ultimately, this helps minimize risk and make more effective investment decisions.

Matt Connor, the COO of Broadridge's Global Technology and Operations, believes that InBlock TradeOps will cut up to 50% of operational expenses for the organizations over the next ten years. The tool has been available in beta for more than a year and has received positive feedback. Now it is reaching a broader user base.

A Long List of Broadridge Partnerships

Broadridge and LiquidX have been cooperating directly since 2016 when they entered into a strategic investment alliance. It allowed LiquidX to leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term Broadridge's global relationships, find new customers and connect finance and treasury professionals with asset management, bank and corporate clients.

Last month, the US-headquartered fintech company, which is always looking for new partnership opportunities, announced its latest deal with IntraFi, a privately held firm and US banking network, to extend the reach of its securities-based lending.

Meanwhile, Broadridge has entered several new agreements with financial industry companies. In mid-November, it partnered with eToro, the Isreali-based social trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. In September, it teamed up with Coinbase, a popular crypto exchange. A month earlier, Blue Ocean Technologies, a trading infrastructure provider, heralded its plan to integrate the order-routing network offered by Broadridge.