Broadridge, Technancial Partner for Post-Trade Offering in Futures, Options

Broadridge will combine its post-trade processing solution with TTC's real-time Janus margin engine.

The two firms came together as a result of their belief the industry continues to look for ways to upgrade systems and improve operational efficiencies in clearing, reporting and operational controls in the futures and options markets.

"The collaboration between Broadridge and TTC offers our mutual clients the ability to benefit from a superior, highly efficient exchange-traded derivatives capability with seamless process throughput," said Paul Clark, head of institutional product management for global technology and operations international at Broadridge, in a statement. "The solution is integrated with post-trade processing and operational control for other asset classes offered via Broadridge's global post-trade processing platform."

Mirko Marcadella, global head of business development for TTC, also added his thoughts on the new alliance in a statement. "Working with Broadridge enables us to provide industry participants with an opportunity to seamlessly implement a leading set of capabilities for exchange traded derivatives margin and operations," Marcadella said. "The integrated solution offers best-of-breed post-trade processing and leverages a real-time solution developed for use from pre-trade calculations through to calculating initial margin for reconciliations and payments."