Broadridge launches integrated framework: A single workspace for banks and brokers
“Using Glue42’s technology we are providing clients with a better and more seamless user experience, creating one interface for traders to access unique functionality from multiple Broadridge solutions. This new single login provides interoperability, access to the best components from multiple solutions making the trading workflow more efficient, allowing traders to focus on execution.”
Broadrige has partnered with Glue42 in order to provide an integrated framework that links user interfaces across products, creating a single workspace for banks and broker-dealers.
Available now in the United Kingdom and launching soon in the European Union and the United States, the desktop integration platform allows users to configure multi-app workflows, orchestrate UI, and incorporate data.
Broadridge will use Glue42’s underlying technology to link applications together, providing clients with a framework for linking interfaces from multiple Broadridge products, including the Ullink OMS and Tbricks.
Trading workflow more efficient, so traders can focus on execution
Ray Tierney, President of Broadridge Trading and Connectivity Solutions, said: “Using Glue42’s technology we are providing clients with a better and more seamless user experience, creating one interface for traders to access unique functionality from multiple Broadridge solutions. This new single login provides interoperability, access to the best components from multiple solutions making the trading workflow more efficient, allowing traders to focus on execution.”
James Wooster, Chief Operating Officer at Glue42, said: “We look forward to leveraging Broadridge’s scale and wide-reaching client base. Working with Broadridge will enable us to extend beyond our current network, improving the trader experience across the industry.”
Through the partnership with Broadridge, Glue42 will broaden the number of applications working within its framework.
Broadridge powers LiquidX’s business process outsourcing (BPO) service
In other news, LiquidX has gone live with its new business process outsourcing (BPO) service, InBlock TradeOps, in partnership with Broadrige.
The fintech provider of digitization, monetization, and risk mitigation for trade finance launched the service as a turnkey middle and back-office operations solution in trade finance.
InBlock TradeOps leverages the advanced digitization tools of InBlock to automate large portions of the workflow. This empowers trade finance investors, such as banks and asset managers, to save significant costs while having access to better real-time information to make smarter investment, risk and compliance decisions.
Jim Toffey, CEO of LiquidX, said: “InBlock TradeOps is the first complete solution to focus on lending and investing in this multi-trillion dollar credit asset class, eliminating all the operational challenges. We are proud of TradeOps’s flexible pricing and servicing model that scales with the investor’s investments, allowing them to operate smarter, faster and cheaper with better investment returns.”
Matt Connor, COO of Broadridge’s Global Technology and Operations business, commented: “After our joint, in-depth study of the trade finance industry, we believe InBlock TradeOps can save the industry significantly in operational expenses over the next decade. We believe that InBlock TradeOps can save many organizations 30-50% on their operations expenses.”
Dominic Capolongo, CRO of LiquidX, added: “The market has traditionally only focused on addressing corporate client pain points, and we are thrilled to offer a solution that solves challenges that the legacy technology has created for asset managers and regional banks. The customers that have been using this solution in beta for over a year now have enjoyed the benefits of InBlock TradeOps. Rolling out our BPO service to a larger client base is an exciting new venture for both LiquidX and our strategic clients.”
