Despite a series of ambitious content expansion projects and senior hires, the low-cost vendor failed to win over institutional clients.
The asset manager is using machine learning to estimate carbon footprints for companies that do not report emissions.
The comms provider may have to register its RFQ workflow and messaging tool as a Sef, or perhaps permanently shut down the business line.
The deal signals a transformative move for Broadridge into the front-office space to help clients simplify their front-to-back technology stack. But some industry observers are skeptical about how it will achieve this.