Broadridge Financial Solutions reports developments across financial technology, investor communications, governance services, and capital markets operations. Company news commonly covers proxy voting and disclosure solutions, managed services, trading and post-trade technology, financial messaging, and platforms used by banks, broker-dealers, asset managers, wealth managers, and corporate issuers.
Recurring updates also include artificial intelligence in capital markets and wealth workflows, digital asset and tokenized securities infrastructure, LTX corporate bond trading activity, Distributed Ledger Repo, client migrations to the Broadridge Swift Service Bureau, acquisitions that expand trading capabilities, investor events, dividends, and debt financing actions.
LTX, an AI-powered corporate bond trading platform backed by Broadridge Financial Solutions (NYSE: BR), has announced that TD Bank has joined its e-trading platform through its subsidiary TD Securities Automated Trading TD Bank will contribute axes to LTX's Liquidity Cloud and use the RFQ+ protocol to provide Investment Grade and High Yield bond liquidity to institutional clients.
LTX aims to address corporate bond market challenges by using patented AI and execution protocols to improve liquidity and efficiency. Recent innovations include BondGPT, a generative AI application, and RFQ+, an enhanced RFQ protocol for facilitating larger trades. The platform's mission is to lower trading costs and deliver best execution to clients.
Broadridge Financial Solutions, Inc. (NYSE:BR) has announced its readiness to support new OTC derivatives reporting requirements by the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC), effective October 21, 2024. The company is also expanding its offerings to include updated regulatory regimes in Canada (July 2025) and Hong Kong (September 2025).
Broadridge's solution simplifies complex trading requirements, enabling firms to comply with varying local rules seamlessly. The company is developing the US equivalent of SFTR for Securities Lending – the SEC 10c-1, scheduled for January 2026. Additionally, Broadridge will upgrade its solution to accommodate major EU and UK MiFID updates from 2025 to 2027 and the final updates to CFTC Dodd Frank Reporting.
Broadridge Financial Solutions (NYSE:BR) has launched a new Instant Payments Service, offering a resilient and scalable managed service for real-time money transfers. The service operates 24/7/365, processing transactions in under 10 seconds from payer to beneficiary. It utilizes the Swift Alliance Gateway Instant (AGI) and connects with SwiftNet Instant for continuous exchange of instant transactions.
This launch aligns with recent EU regulations mandating euro instant credit transfers, with key compliance deadlines set for 2025. While currently focused on the Eurozone, encompassing 20 countries, the service is positioned for global expansion. Instant payments are expected to become the industry standard, particularly for recurring transactions like bill payments.
Danske Bank has implemented Broadridge Financial Solutions, Inc.'s (NYSE: BR) global proxy voting technology to enhance client services worldwide. This implementation streamlines the proxy voting process, ensuring greater accuracy and speed for more informed and timely investment decisions. The move extends the strategic relationship between Danske Bank and Broadridge, following Danske Bank's selection of Broadridge's Tbricks solution for multi-asset trading earlier in 2024.
Greta Liniauskaite-Jankuniene, Head of Asset Services at Danske Bank, emphasized the importance of this partnership in enhancing global investor stewardship and delivering efficient voting solutions. Danske Bank commenced live operations for proxy voting with Broadridge in September 2024, benefiting from a unified and resilient solution supporting efficient investor voting across EMEA, the Americas, and Asia/Pacific regions.
A new survey by the Money Management Institute (MMI) and Broadridge Financial Solutions (NYSE: BR) reveals that 74% of wealth managers are urging asset managers to increase their product specialist talent, up from 38% in 2023. This demand is driven by the rapid expansion of complex investment products like alternatives and active ETFs.
Key findings include:
- 60% of asset managers plan to invest in product specialists, focusing on alternative investments and private markets
- 85% of asset and wealth managers agree that younger generations require different products and service models
- 89% of wealth managers expect increased allocations to active ETFs and alternative investments
- 93% of asset and wealth managers allow some use of AI, with 79% currently leveraging it
The survey highlights a growing demand for innovative products and specialized expertise in the investment management industry, particularly in areas like direct/custom indexing and liquid fund wrappers for alternative investments.
Broadridge Financial Solutions (NYSE: BR) has launched enhanced services and solution capabilities for international post-trade processing to address increasing cyber threats and operational resilience mandates. The new offerings aim to help firms comply with the European Union's Digital Operational Resilience Act (DORA) and other global regulations.
Key features include:
- Professional services with specialized expertise to assess and validate risk and control frameworks
- High-availability recovery with back-up environments meeting regulatory requirements
- Enhanced recovery of entire system infrastructure using secure, immutable storage
These solutions are available to current users of Broadridge's International Post-Trade processing solution and the wider industry. The services are designed to mutualize costs through a shared services pricing model, enabling firms to improve business continuity and regulatory compliance.
Americas Executions (AmerX), a full-service broker-dealer, has implemented Broadridge Financial Solutions' Securities Finance and Collateral Management (SFCM) platform to support its newly launched securities lending business. The SFCM technology will enable AmerX to efficiently manage operations, enhance transparency, and ensure regulatory compliance.
Key benefits of the SFCM platform include:
- Efficient management of securities lending operations
- Collateral management
- Trade lifecycle management
- Risk assessment
- Streamlined processes
The implementation aligns with the evolving securities finance landscape, where firms are shifting to self-clearing models and introducing new products to diversify revenue streams. Broadridge's SFCM platform offers a comprehensive, front-to-back SaaS solution for securities finance, supporting business growth and expansion into new markets.
Broadridge Financial Solutions has gifted $3 million to establish an endowed deanship at the Donald and Barbara Zucker School of Medicine at Hofstra/Northwell. The endowment, named the Deborah and Lawrence Smith Dean, honors the school's founding dean and his late wife, supporting medical student scholarships. Dr. David L. Battinelli, current dean and Northwell Health's executive VP and physician-in-chief, is the inaugural recipient.
This gift aims to enable more students to graduate debt-free from the top-ranked medical school. Broadridge, a global technology leader, has been a consistent supporter of Hofstra University and the Zucker School of Medicine since 2011. The endowment will fund scholarships for incoming medical students starting with the class of 2025.
The Zucker School of Medicine, founded in 2008 through a partnership between Hofstra University and Northwell Health, has gained national recognition for its outcomes, faculty, research opportunities, and innovative approach to medical education. It was recently ranked among the top tier for medical research and recognized as one of the most diverse schools in the nation by U.S. News & World Report.
Broadridge Financial Solutions' ProxyPulse™ report reveals significant trends in corporate elections for 2024. Individual investor ownership reached a decade-high at 31.7% of shares held in street name, with voting participation increasing to 29.8%. Individuals showed stronger support for board recommendations compared to institutional investors.
The report highlights increased shareholder support for director and say-on-pay proposals, with directors receiving 91% approval and say-on-pay garnering 88% support. Notably, only 481 directors failed to win majority support, the lowest in four years.
However, environmental and social proposals saw declining support, averaging 21.2%, the lowest in eight years. A clear divergence in voting patterns emerged, with individuals supporting these proposals at 14.8% compared to institutions at 22.4%.
Broadridge Financial Solutions released its ProxyPulse™ report, revealing key trends in proxy voting for 2024. Individual investor ownership reached a decade-high at 31.7% of shares held in street name, with voting participation increasing to 29.8%. Individuals showed more support for board recommendations compared to institutional investors.
The report highlighted a rise in shareholder support for corporate directors (91% approval) and say-on-pay proposals (88% support). Only 481 directors failed to win majority support, the lowest in four years. However, environmental and social proposals saw declining support, averaging 21.2%, the lowest in eight years. A notable divergence was observed between individual (14.8%) and institutional (22.4%) investor support for these proposals.
The ProxyPulse™ report, analyzing voting trends over five proxy seasons, underscores the growing influence of individual investors in corporate governance and the evolving landscape of shareholder priorities.