Broadridge Extends ETF Tracking Capabilities to China Post Global

Broadridge Financial Solutions, Inc. (NYSE:BR), a provider of investor communications and solutions for the financial services industry, has had its ETF trading and portfolio management platform onboarded by China Post Global, per a recent Broadridge statement.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

China Post Global (China Post & Capital Global Asset Management Limited) is an international asset management arm of China Post & Capital Fund Management Co., Ltd, which has aimed to fortify its Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded-funds (ETF) capabilities via the deployment of Broadridge’s Market Access ETFs. Market Access ETF. Broadridge boasts a robust offering for ETF services, including its FDI (Fund Distribution Intelligence), effectively aggregating ETF assets across almost one thousand distributors.

As part of the new arrangement, China Post Global will gain access to the ETF solution, in addition to the management of its ETF products globally by Broadridge across the China fund distribution network. ETF trading in China has seen a frenetic rise in Q1 2016, which has also been the case in other blocs such as the United States.

The adoption of Broadridge’s capabilities are important as they will help streamline the overall management, set-up, tracking, and mark-to-market of the assets making up the synthetic ETFs in the region – the accord also builds on a previous collaboration, following China Post Global’s utilization of Broadridge’s SWIFT service bureau.

According to Chris Satterfield, Chief Executive Officer (CEO), China Post Global, in a recent statement on the adoption: “After acquiring the Market Access ETF range from Royal Bank of Scotland, a rapid and smooth transition was a key focus for us. Broadridge was able to natively and seamlessly support our synthetic ETF workflows, while on-boarding us in less than one month. We see Broadridge as a reliable long-term partner that can scale with us as we grow.”

“ETF markets in Hong Kong and China are outperforming peers in the broader Asian ETF market, which is still at a relatively early stage of development with less than 10 percent of global market share,” noted Bennett Egeth, President of Broadridge Investment Management Solutions, in an accompanying statement.

Broadridge recently made headlines last week after acquiring Dojima LLC, a niche technology company, to enhance its Global Post Trade Management (GPTM) solution. The initiative also was aimed at fortifying its ETF capabilities, which also will aim to streamline Broadridge's central clearing capabilities.