Post-trading processes are about to get streamlined. Broadridge Financial Solutions has created a Global Post Trade Management (GPTM) solution that allows investment banks and other financial institutions to acquire standardized post-trading processes.
The new solution also aims to deliver greater access and real-time visibility on global trades, and ultimately provides better risk management and regulatory compliance, according to company claims.
Financial institutions globally are adjusting to a new market and regulatory landscape that requires more information and increased transparency for regulators, clients and their risk and finance functions, said Arin Ray, analyst, Global Financial Services Securities & Investments Group, Celent.
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Ray continued,As a result, standardized and streamlined post-trade processing and management across all capital markets functions is increasingly critical.
The Broadridge system can be outsourced by the banks or used as a technology platform in-house. Items like trade capture, matching and confirmation, clearance and settlement, cash management, reconciliations, asset servicing, books and records and regulatory reporting will be part of the GPTM solution.
