Danske Bank taps Broadridge’s principal risk and market making platform

Rick Steves

Tbricks helps firms leverage Broadridge’s deep market-making expertise and over 300 customizable apps to trade equities, derivatives, and FX across 100+ trading venues globally.

In a strategic move to bolster its multi-asset trading and market-making capabilities, Danske Bank has selected Broadridge Financial Solutions’ cutting-edge platform, Tbricks.

This decision marks a significant step forward for Danske Bank, aiming to leverage Tbricks’ modular trading solution with a flexible user interface and robust built-in functionality.

Tbricks helps Danske Bank with front-office trading solutions

Tbricks, known for its adaptability and high degree of customizability, will empower Danske Bank to scale operations efficiently and streamline its trading processes. The platform’s integration with existing systems at Danske will not only enhance trading technology but also provide the bank with long-term cost predictability, allowing a shift in focus towards strategic initiatives.

The move underscores the increasing demand within capital markets for adaptable and modular solutions that blend speed and accuracy with the necessary flexibility to navigate today’s ever-changing financial landscape. Broadridge’s multi-asset trading platform allows clients to utilize agile systems that enable a high level of interoperability.

Claus Harder, Global Head of Markets & Tansaction Banking at Danske Bank, said: “Implementing a managed solution of Broadridge’s Tbricks for multi-asset trading and market making presents us with the latest in trading technology, as well as a long term partner which over time can expand our offerings within the equities and derivatives trading space. After a thorough review of other Fintech and capital markets solution providers, we are excited to expand our longstanding relationship with Broadridge.”

Ofir Gefen, Managing Director EMEA and APAC, Broadridge Trading and Connectivity Solutions, commented: “At Broadridge, we’re committed to building a leading suite of innovative and scalable solutions across the trade lifecycle. We are excited to expand the services we offer to Danske Bank and to enable them to deliver enhanced front-office trading solutions for their clients. Today’s announcement further underscores Broadridge’s commitment to serving our clients across EMEA.”

A look at Broadridge’s Tbricks

Tbricks helps firms leverage Broadridge’s deep market-making expertise and over 300 customizable apps to trade equities, derivatives, and FX across 100+ trading venues globally.

Offering automated multi-asset trading strategies, Tbricks allows firms to manage risk and make markets with a turn-key solution with server-based quoting and hedging. The platform features a rich tool set for volatility trading and pricing, and real-time data to confidently trade and price ETFs.

Tbricks, a versatile trading platform, provides a comprehensive set of features across various aspects of financial trading:

Volatility Trading & Pricing:

  • Tbricks offers ready-to-deploy pricing and volatility management features.
  • It allows integration of proprietary models and custom interfaces for a tailored quantitative trading tool set.

Options Trading & Market Making:

  • Tbricks’ platform facilitates options trading and market making across a broad spectrum of asset classes and global markets.
  • It provides liquidity in options, warrants, futures, ETFs, and FX.

ETF Trading:

  • Tbricks integrates a multi-asset pricing and trading platform with specialized tools for ETF market makers of all sizes and in all regions.

Risk and Position Management:

  • Addressing compliance challenges, Tbricks ensures effective risk management.
  • It prepares firms for new and evolving regulations, ensuring compliance both presently and in the future.

Smart Order Routing:

  • Tbricks’ Smart Order Routing solution offers fast and intelligent routing to new venue types.
  • It assists in navigating the complexities of today’s fragmented markets, enhancing the search for liquidity.
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