Broadridge has launched a global futures and options (F&O) software-as-a-service (SaaS) platform, aimed at expanding derivatives trading capabilities.
The full hosted platform has been designed for futures commission merchants (FCMs) and agency brokers. The move comes in response to “a lack of 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,” said the firm.
Ray Tierney, president of Broadridge Trading and Connectivity Solutions, said: “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.
“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 optimise trading.”
According to Broadridge, a top three futures commission merchant has signed as an anchor client.
The platform offers a distributed architecture that enables operations from any jurisdiction, providing robust order and execution management capabilities, access to a diverse range of global listed derivatives markets, and provides a comprehensive pre-trade risk management and middle office functionality.