Sell-Side Technology Awards 2016: Best Outsourcing Provider to the Sell Side — Broadridge Financial Solutions

Broadridge offers an impressive suite of solutions. Its platform clears and settles in over 70 countries and the vendor processes on average over $5 trillion in equity and fixed-income trades of US and Canadian securities daily. Add to that its data aggregation, portfolio management, corporate actions, reconciliation, reporting and numerous other services, and it's clear that Broadridge's tentacles run far and deep.

The Lake Success, NewYork-based firm has also established itself as a leading business-process outsourcing provider through its Managed Services division, allowing banks and brokers to outsource their post-trade processing technology and operations for the entire securities transaction lifecycle, including asset servicing, securities lending and record-keeping, as well as custody-related functions, client onboarding, tax and regulatory reporting. Broadridge uses IBM’s data centers and its Managed Services are Financial Industry Regulatory Authority (Finra) and US Securities and Exchange Commission (SEC) ratified.

In partnership with Accenture Post-Trade Processing, Broadridge also provides securities processing managed services in Europe and Asia-Pacific. The service combines Accenture’s global business process outsourcing capabilities with Broadridge’s post-trade processing technology.

Through its Post-Trade Processing Technology & Operations Services unit, Broadridge offers outsourcing functions for revenue and expense management, reconciliations, performance reporting, investment and fund accounting services, tax services, imaging and workflow solutions, and managed data services.

On the data side, earlier this year Broadridge announced that it had enhanced its Managed Data Service (MDS) offering with the addition of several professionals with extensive experience in the field. “Banks have started to better understand the expense of data infrastructure and the cost of poor data quality across the enterprise, which makes the economics of a managed data service quite compelling,” said Bennett Egeth, president of Broadridge Investment Management, Reference Data and Risk Solutions, at the time of the announcement. “Broadridge has the technology solutions and Managed Service experience to help firms drive down cost, deliver enhanced service levels, and demonstrate significant improvements in data quality.”

Broadridge offers an impressive suite of solutions. Its platform clears and settles in over 70 countries and the vendor processes on average over $5 trillion in equity and fixed-income trades of US and Canadian securities daily.

The MDS is an extension of Broadridge’s Post-Trade Managed Service offering, which currently serves over 20 clients. It is designed to help firms improve enterprise reference data quality and decrease technology and operational cost of ownership on a single, customizable, multi-tenant platform.