Broadridge Significantly Enhances Structured Product Trading Capabilities
Rhea-AI Summary
Broadridge Financial Solutions (NYSE:BR) announced significant enhancements to its Tbricks trading platform, enabling trading desks to quote hundreds of thousands of structured products across multiple markets simultaneously. The upgraded solution addresses industry challenges in structured product quotations and improves trading efficiency through an intuitive interface.
The enhancement has already shown positive results with Marex Solutions reporting improved client service and increased market share on the Italian exchange Cert-X. Several European tier 1 clients are benefiting from the solution, which was developed in close collaboration with users to address scaling challenges and drive automation.
Positive
- Platform enhancement enables quoting of hundreds of thousands of structured products simultaneously
- Successful implementation at Marex Solutions led to increased market share on Italian exchange Cert-X
- Multiple European tier 1 clients already using the solution
Negative
- None.
News Market Reaction – BR
On the day this news was published, BR gained 0.92%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New enhancements address industry needs to quote at unprecedented scale, while optimizing trading technology to unlock significant efficiency gains for traders
"This transformative development marks a significant leap forward in simplifying and optimizing trading for structured products," stated Konstantin Romanov, Global Head of Principal Trading Products, Broadridge Trading and Connectivity Solutions. "Banks and broker/dealers have long struggled with the complexity and scale of structured product quotations, which span multiple markets and various quoting modes. Tbricks directly addresses this critical issue, empowering banks and broker/dealers globally to quote at unprecedented scales and unlock new efficiencies through an intuitive, consolidated user interface."
"We have found Tbricks to be a reliable and flexible Market Making tool with low latency capabilities, combining safety and speed. The enhancements to the platform have enabled us to better serve our clients with our Marex-issued Structured Products in a dynamic market condition," said Mehdi Mlaiki, Head of Trading, Marex Solutions. "These developments have significantly enhanced our ability to provide investors with accurate and competitive quotes," continued Joost Burgerhout, Head of Marex Financial Products. "We believe this has contributed to the increase of our market share and consistent ranking among the top issuers in regard to trading volume on the Italian exchange Cert-X."
Broadridge has several European tier 1 clients that benefit from the solution and worked closely with them to better understand their challenges with quoting trading instruments at scale and to identify new ways to drive automation and improve usability, while enhancing the solution.
The enhanced Tbricks solution reaffirms Broadridge's commitment to providing the critical infrastructure that powers trading and operations across markets – with global, multi-asset, modular solutions – across the trade lifecycle.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.