Danske Bank has chosen Broadridge Financial Solutions' Tbricks platform to support its multi-asset trading, pricing and position management, Broadridge announced today (Tuesday). This movie is aimed at enhancing the bank's capabilities in multi-asset trading, pricing, and position management.

Broadridge's Trading Platform Selected by Danske Bank

Tbricks is a modular trading system that aims to help firms like Danske Bank scale operations, focus on strategic initiatives, and predict long-term costs. The platform will integrate with Danske's existing infrastructure across its locations.

"Implementing a managed solution of Broadridge's Tbricks for multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term trading and market making presents us with the latest in trading technology, as well as a long term partner which over time can expand our offerings within the equities and derivatives trading space," said Claus Harder, the Global Head of Markets & Transaction Banking at Danske Bank.

Broadridge said financial services companies seek highly flexible solutions as markets rapidly evolve. Its platform intends to allow quick adaptations, sophisticated trading strategies, and the capture of new business opportunities.

"We’re committed to building a leading suite of innovative and scalable solutions across the trade lifecycle,” said Ofir Gefen, the Managing Director EMEA and APAC, Broadridge Trading and Connectivity Solutions.

Founded over 150 years ago, Danske Bank offers financing, investments and transaction services across the Nordic region and beyond. Broadridge provides infrastructure powering investing, governance and communications for financial firms.

This is yet another collaboration with a tech company in the past month for Danske Bank. In December, they tapped the services of Netdania, a part of United Fintech, to revamp the chart functionalities of its District platform.

Broadridge Unveils OpsGPT

Broadridge Financial Solutions recently announced the launch of OpsGPT, a new tool aimed at improving post-trade operation efficiency. This solution leverages Generative AI and Large Language Model technologies to streamline and enhance trading processes, particularly in a T+1 settlement environment. OpsGPT is designed to offer immediate insights, expedite resolutions, and effectively manage risks in trading operations, addressing the growing industry need for quicker settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term cycles and heightened efficiency demands.

The fintech company has been proactive in integrating AI into its services. In the previous year, Broadridge introduced a similar AI-driven tool for the US corporate bond market, which is valued at approximately $10.3 trillion.

The tool, named BondGPT, employs OpenAI technology to improve bond selection on Broadridge's LTX trading platform. It allows users to efficiently search for and identify corporate bonds based on specific parameters, demonstrating Broadridge's ongoing commitment to incorporating advanced technologies into financial trading operations.