Broadridge Financial Solutions has expanded its global post-trade control services for sell- and buy-side firms through the acquisition of Message Automation.
Message Automation provides post-trade control tools and Broadridge said the acquisition will allow it to offers its customers risk and compliance for complex asset classes.
Dodd-Frank, EMIR, MiFID II and other global regulations have seen a wave of reporting requirements for financial institutions.
Tom Carey, president of global technology and operations international at Broadridge, explained companies are faced with the growing challenge of improving their regulatory compliance and operational efficiency, under significant deadline pressures.
He said the acquisition of Message Automation will help its clients address fragmentation of data and connectivity standards in post-trade marketplace.
Charlie Marchesani, president of the global technology and operations division at Broadridge, added: “The addition of Message Automation will enhance our ability to help companies to reduce risk and enhance compliance while improving operational efficiency.”
Terms of the deal were not disclosed.