Broadridge Introduces Global Futures and Options Fully Hosted Trading Platform

March 12, 2024 - Broadridge Financial Solutions, Inc. today announced the launch of its global Futures and Options Software-as-a-Service (SaaS) platform, designed to transform order and execution management capabilities for sell-side institutions. This launch expands Broadridge's existing derivatives trading capabilities, with a top 3 FCM already signed as an anchor client.

The platform significantly enhances Broadridge's existing capabilities, delivering new functionalities for global institutions operating in the Futures & Options agency execution business. It offers a distributed architecture that enables operations from any jurisdiction and integrates with Broadridge's broader multi-asset class trading and operations offering.

"While existing systems often lack the flexibility required, Broadridge's Futures and Options platform stands out for its modular and flexible deployment capability, addressing industry demands head-on," said Ray Tierney, President of Broadridge Trading and Connectivity Solutions. "We strongly believe this fully hosted solution is a significant step change in order and execution management for the derivatives markets, helping firms simplify and optimize trading."

Broadridge's order management technology platform aims to modernise and simplify trading activities while driving scale and growth for the listed futures and options marketplace. The Futures and Options (F&O) platform is a comprehensive solution tailored for futures commission merchants (FCMs) and agency brokers, offering robust order and execution management capabilities, access to a diverse range of global listed derivatives markets, and comprehensive pre-trade risk management and middle office functionality.

In response to the surge in trading volumes over recent years, sell-side firms have typically offered customised solutions for each workflow, leading to fragmented experiences for buy-side clients and challenges for sell-side firms in gaining a comprehensive view of trading activity and risk management. Broadridge says that its F&O platform addresses these issues globally by enabling sell-side firms to customise each workflow channel while ensuring a consistent experience for buy-side clients, regardless of asset type. 

The distributed architecture provides full flexibility to optimise for performance and scale or to meet regional demands. Moreover, the seamless integration of workflows and data, coupled with rich automation, not only reduces the burden related to regulatory changes but also allows for greater transparency and utilisation of analytics, ultimately offering an improved client experience and enhancing operational effectiveness.