Broadridge Financial Solutions, the former ADP Brokerage Services Group, has launched Global Reference Data Solution, a fully managed service for the capture, scrubbing, storage and distribution of reference data.
The Global Reference Data Solution is supplied by GoldenSource. IBM will be the preferred systems integrator in order to offer prospective clients a full end-to-end solution that includes comprehensive integration of the client's downstream systems to Broadridge's Global Reference Data Solution.
Broadridge's Global Reference Data Solution is a platform that acquires data from select market data feeds as well as internal and/or proprietary data. Broadridge will use GoldenSource's comprehensive EDM platform to ensure that accurate and consistent reference data is centralised, stored, and published to downstream client systems. Broadridge's Global Reference Data Solution will include flexible, client-defined rules and will enable Broadridge to manage both simple and complex securities data across multiple asset classes while providing the scalability to meet the evolving needs of its clients.
"Our Global Reference Data Solution offering will create a single source of truth for reference data by leveraging the scalability, flexibility and depth of the GoldenSource platform. By implementing the Global Reference Data Solution offering, clients will be able to leverage the core competencies of all three firms to reduce time-to-market, mitigate risk and improve operational efficiencies," says Charlie Marchesani, president, Broadridge, Securities Processing Solutions, US.