Broadridge launches Futures and Options platform for FCMs and agency brokers
“While existing systems often lack the flexibility required, Broadridge’s Futures and Options platform stands out for its modular and flexible deployment capability, addressing industry demands head-on. We strongly believe this fully hosted solution is a significant step change in order and execution management for the derivatives markets, helping firms simplify and optimize trading.”
Broadridge has launched its global Futures and Options Software-as-a-Service (SaaS) platform as part of its efforts to expand its existing derivatives trading capabilities.
The firm announced that a top 3 FCM has signed as an anchor client, but the identity of the brokerage firm remained undisclosed.
A Futures and Options SaaS platform for brokers in any jurisdiction
The Futures and Options Software-as-a-Service (SaaS) platform enables the delivery of new functionalities for global institutions operating in the Futures & Options agency execution business, offering a distributed architecture that enables operations from any jurisdiction and benefitting from Broadridge’s broader multi-asset class trading and operations offering.
Ray Tierney, President of Trading and Connectivity Solutions at Broadridge, said: “While existing systems often lack the flexibility required, Broadridge’s Futures and Options platform stands out for its modular and flexible deployment capability, addressing industry demands head-on. We strongly believe this fully hosted solution is a significant step change in order and execution management for the derivatives markets, helping firms simplify and optimize trading.”
Broadridge’s F&O platform aims to address fragmented buy-side experience
The firm claims its F&O platform simplifies trading activities while driving scale and growth for the listed futures and options marketplace. As a comprehensive solution tailored for futures commission merchants (FCMs) and agency brokers, the platform provides order and execution management capabilities, access to a diverse range of global listed derivatives markets along with comprehensive pre-trade risk management and middle office functionality.
Broadridge argues that sell-side firms have typically offered customized solutions for each workflow, resulting in fragmented experiences for buy-side clients and challenges for sell-side firms in gaining a comprehensive view of trading activity and risk management.
The F&O platform addresses these issues globally by enabling sell-side firms to customize each workflow channel while ensuring a consistent experience for buy-side clients, regardless of asset type. The seamless integration of workflows and data coupled with rich automation is designed to not only reduce the burden related to regulatory changes but also allow for greater transparency and utilization of analytics.
