Broadridge has announced expanded capabilities to integrate with Canada's national securities depository for fixed income processing through its messaging service, ClearancePro.
This streamlined approach offers banks the ability to identify exceptions earlier in the day, reducing trade fail risks and boosting operational efficiency. It is the only end-to-end clearance and settlement solution from trade capture to clearance and settlement offered in Canada for broker-dealers and banks.
ClearancePro provides extensive real-time exception management and data mining tools for complex clearance and settlement of fixed income trades leaving managers less reliant on the CDS terminal and improving on-demand front and middle office reporting capabilities.
"ClearancePro's connection with CDS [Clearing and Depository Services] enables Broadridge to deliver to clients a greater range of real-time, straight-through-processing functionality," said Mike Hopkins,pPresident, Securities Processing Solutions Fixed Income at Broadridge. "Broadridge's expanded fixed income processing platform can help banks and brokerage firms more effectively manage risk while they focus on expanding their business."
