Broadridge Seals Investment Partnership with LiquidX
- Broadridge enters into strategic alliance with LiquidX aimed at connecting finance professionals with the capital markets
Broadridge Financial Solutions, Inc. (NYSE:BR), a provider of investor communications and technology solutions, today announced that it has entered into a strategic investment alliance with LiquidX, Inc., the provider of an electronic exchange platform for global trade finance.
Broadridge, which recently reported an upbeat quarterly performance in its Q2 2016 earnings report, designs solutions to help broker-dealers, banks and mutual funds reduce their capital investments in operations infrastructure while enabling them to increase their focus on their core business activities.
LiquidX offers an exchange platform that brings significant Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and transparency to the historically difficult trading of corporate receivables by connecting sell-side and buy-side participants and unlocking capital from large corporations.
The alliance will allow Broadridge access to LiquidX's trade finance exchange platform for the large number of corporations across the globe with which Broadridge has relationships. It will also enable the company to connect corporate treasury and finance professionals with the capital markets and trading desks of its corporate, bank and asset management clients.
Charlie Marchesani, president of Global Technology and Operations at Broadridge commented: “LiquidX's innovative technology combined with Broadridge’s leadership role in facilitating trading and settlement on behalf of its large global client network will provide significant value in addressing liquidity 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 issues within trade finance. Our alliance with LiquidX is a strategic extension of our processing capabilities to a new emerging electronic asset class marketplace.”
CEO and founder of LiquidX, Jim Toffey said: “We are excited to partner with Broadridge to greatly expand the distribution reach of our highly-scalable and rapidly-growing platform.”
Broadridge’s continued focus is to bring value-added solutions to its clients and its strategic alliance with LiquidX enables the company to deliver a package which serves as the intersection between corporate, buy-side and sell-side firms, while bringing needed liquidity to an illiquid asset class.
Broadridge Financial Solutions, Inc. (NYSE:BR), a provider of investor communications and technology solutions, today announced that it has entered into a strategic investment alliance with LiquidX, Inc., the provider of an electronic exchange platform for global trade finance.
Broadridge, which recently reported an upbeat quarterly performance in its Q2 2016 earnings report, designs solutions to help broker-dealers, banks and mutual funds reduce their capital investments in operations infrastructure while enabling them to increase their focus on their core business activities.
LiquidX offers an exchange platform that brings significant Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and transparency to the historically difficult trading of corporate receivables by connecting sell-side and buy-side participants and unlocking capital from large corporations.
The alliance will allow Broadridge access to LiquidX's trade finance exchange platform for the large number of corporations across the globe with which Broadridge has relationships. It will also enable the company to connect corporate treasury and finance professionals with the capital markets and trading desks of its corporate, bank and asset management clients.
Charlie Marchesani, president of Global Technology and Operations at Broadridge commented: “LiquidX's innovative technology combined with Broadridge’s leadership role in facilitating trading and settlement on behalf of its large global client network will provide significant value in addressing liquidity 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 issues within trade finance. Our alliance with LiquidX is a strategic extension of our processing capabilities to a new emerging electronic asset class marketplace.”
CEO and founder of LiquidX, Jim Toffey said: “We are excited to partner with Broadridge to greatly expand the distribution reach of our highly-scalable and rapidly-growing platform.”
Broadridge’s continued focus is to bring value-added solutions to its clients and its strategic alliance with LiquidX enables the company to deliver a package which serves as the intersection between corporate, buy-side and sell-side firms, while bringing needed liquidity to an illiquid asset class.