Broadridge Adds Crypto and ETD Capabilities with Acquisition
- The fintech company has acquired Shadow Financial Systems.
Fintech firm Broadridge Financial Solutions, Inc. announced this Tuesday that it had added cryptocurrency and 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 derivatives capabilities through the acquisition of Shadow Financial Systems, Inc.
Shadow Financial Systems is a provider of 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 class post-trade solutions for the capital markets industry. By acquiring the company, Broadridge will be able to build upon its current post-trade processing capabilities by expanding it to include a market-ready solution for exchanges, interdealer brokers, and proprietary trading firms.
The terms of the deal were not disclosed, except for the fact that Alantra acted as an exclusive financial and strategic advisor to Shadow Financial Systems, Inc. Broadridge is a $4 billion global Fintech leader and a part of the S&P 500 Index.
Michael Alexander, co-head of North American Wealth and Capital Markets Solutions for Broadridge
Source: LinkedIn
Commenting on the acquisition, Michael Alexander, co-head of North American Wealth and Capital Markets Solutions for Broadridge, said: “The acquisition of Shadow Financial Systems is the latest example of Broadridge building upon our industry leading capital markets solutions. We look forward to bringing real benefits to a new set of market participants as well as new capabilities to our existing client base.”
Recent Broadridge acquisitions
Broadridge has been on an acquisition spree of late. As Finance Magnates reported, the company announced its acquisition of RPM Technologies, a Toronto-based provider of enterprise wealth management software solutions and services, back in June.
So far this year, the financial services giant has also acquired Dublin-based Rockall, which provides collateral management and securities-based lending (SBL) to financial institutions, as well as a set of regulatory reporting technologies from PivotData, a data warehouse company and provider of regulatory technology solutions to the investment management industry, and its partner, Sol Hedge.
Don Marino, President of Shadow Financial Systems
Source: LinkedIn
“We are excited to join industry leader Broadridge and to better serve our clients’ evolving needs while adding the scale, deep domain expertise and technology resources that Broadridge can provide,” added Don Marino, President of Shadow Financial Systems, Inc.
Fintech firm Broadridge Financial Solutions, Inc. announced this Tuesday that it had added cryptocurrency and 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 derivatives capabilities through the acquisition of Shadow Financial Systems, Inc.
Shadow Financial Systems is a provider of 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 class post-trade solutions for the capital markets industry. By acquiring the company, Broadridge will be able to build upon its current post-trade processing capabilities by expanding it to include a market-ready solution for exchanges, interdealer brokers, and proprietary trading firms.
The terms of the deal were not disclosed, except for the fact that Alantra acted as an exclusive financial and strategic advisor to Shadow Financial Systems, Inc. Broadridge is a $4 billion global Fintech leader and a part of the S&P 500 Index.
Michael Alexander, co-head of North American Wealth and Capital Markets Solutions for Broadridge
Source: LinkedIn
Commenting on the acquisition, Michael Alexander, co-head of North American Wealth and Capital Markets Solutions for Broadridge, said: “The acquisition of Shadow Financial Systems is the latest example of Broadridge building upon our industry leading capital markets solutions. We look forward to bringing real benefits to a new set of market participants as well as new capabilities to our existing client base.”
Recent Broadridge acquisitions
Broadridge has been on an acquisition spree of late. As Finance Magnates reported, the company announced its acquisition of RPM Technologies, a Toronto-based provider of enterprise wealth management software solutions and services, back in June.
So far this year, the financial services giant has also acquired Dublin-based Rockall, which provides collateral management and securities-based lending (SBL) to financial institutions, as well as a set of regulatory reporting technologies from PivotData, a data warehouse company and provider of regulatory technology solutions to the investment management industry, and its partner, Sol Hedge.
Don Marino, President of Shadow Financial Systems
Source: LinkedIn
“We are excited to join industry leader Broadridge and to better serve our clients’ evolving needs while adding the scale, deep domain expertise and technology resources that Broadridge can provide,” added Don Marino, President of Shadow Financial Systems, Inc.