Broadridge integrates OMS and Tbricks with Iress in the UK
“By combining our order management and advanced market-making tools with access to the Iress RSP network, we are bringing a comprehensive solution to the market at a time when few complete solutions have been available.”
In a strategic alliance designed to revolutionize trading and market connectivity in the UK, global fintech giant Broadridge Financial Solutions, Inc. has announced a partnership with Iress, a leading technology provider for the financial services industry.
The joint offering will combine Broadridge’s Order Management System (OMS) and its market-making platform, Tbricks, with the Iress Retail Service Provider (RSP) network. This integrated solution aims to streamline order management, ramp up market connectivity, and offer real-time data analytics while enhancing compliance measures.
Enhanced market-making and connectivity in the UK
“The strategic partnership with Broadridge coincides with focused investment into the RSP platform for enhanced data insights and execution services to retail brokers and wealth managers,” said Ray Pretorius, Managing Director, Iress UK Trading.
“We are pleased to be working with Iress to bring exciting new technology to the UK market,” added Ian Mawdsley, Chief Product Officer, Broadridge Trading and Connectivity Solutions. “By combining our order management and advanced market-making tools with access to the Iress RSP network, we are bringing a comprehensive solution to the market at a time when few complete solutions have been available.”
This partnership comes at an opportune moment, as both firms are looking to address the growing demands of retail brokers and wealth managers in an ever-evolving financial landscape. The joint offering will specifically cater to UK market makers, providing full access to retail and wealth management communities and improving access to market data, trade execution, and risk management capabilities.
While Broadridge brings its robust OMS and Tbricks platform to the table, Iress enhances the proposition with its established RSP network. This creates a comprehensive solution that seems poised to set a new standard in the UK’s financial markets, particularly when it comes to market-making and connectivity. It also underscores the pivotal role that fintech collaborations are playing in shaping the future of financial services, especially in areas requiring high levels of sophistication and compliance.
This synergy between Broadridge and Iress exemplifies how fintech leaders can combine their specialized skills to offer a more holistic and enhanced suite of services. It further solidifies the notion that collaborations between established fintech giants could be the key to driving innovations and meeting the ever-complex demands of today’s financial markets.