Broadridge Financial Solutions has acquired Dojima, a niche technology firm, and is expanding its exchange-traded derivatives functionality.
The acquisition, through its Broadridge Global Post Trade Management (GPTM) solution will be rebranded as Broadridge Derivatives Clearing, and provide a central clearing for exchange-traded derivatives with connectivity to global clearing houses and exchanges. No terms of the deal were disclosed.
This strategic expansion of our futures and options offering is an important addition to our GPTM roadmap, enabling us to offer a broader, tightly-integrated global post-trade processing solution for investment banks and brokers, said Tom Carey, president, Global Technology and Operations International, Broadridge.
Broadridges Global Post Trade Management can be used as an in-house technology platform or fully outsourced managed service. It provides operational and technological functions such as trade capture, matching and confirmation, clearance and settlement, cash management, reconciliations, asset servicing, books and records, accounting and regulatory reporting.
