Broadridge Adds Confirmation Matching Capabilities to its PROactive Suite

PROactive will now enable sell-side and buy-side clients to connect through a new confirmations portal allowing them to match trade confirmations for foreign exchange (FX) and non-deliverable forward (NDF) products. The confirmations are accessible via the Swift network for sell-side firms and through a single web interface for buy-side firms.

"We have extended our track-record of helping firms reduce the cost of configuring new reconciliations through our new, user-friendly dashboards that help tackle prioritized exceptions in a more timely and efficient manner," says Jose Contin, general manager, Reconciliation and Process Management Solutions EMEA and Americas at Broadridge. "Our new confirmations portal, available as a technology managed service, offers firms a secure and streamlined approach to confirmation and affirmation processing at a time when industry regulations, specifically around the requirement of timely confirmations, are becoming ever more prevalent."

Broadridge also enhanced its reconciliation tool with a graphical dashboard and reports to easily flag up reconciliation ‘breaks' that are segregated according to priority.