Broadridge Debuts Swift Trade Confirmation Product

Broadridge's product supports GETC messages MT515, MT509 and MT517, allowing for the automatic release of settlement messages once a successful affirmation notice has been received. Broadridge also supports Omgeo Central Trade Matcher, OASYS and Swift's Accord for Securities.

"We have worked closely with SWIFT to ensure support for the mutual client base interested in GETC," says Phil Dobson, director of strategy and product management at Broadridge. "We will continue to keep our solutions aligned to market advancements for a range of service providers. The proposed introduction of shortened settlement cycles in some markets in 2014 will put even greater emphasis on timely and efficient confirmation and allocation processes."