Düsseldorf
16 June 2014
Reporter: Stephanie Palmer

German firm goes live with Broadridge solution


Portigon Financial Services has gone live with Broadridge’s global post-trade processing solution for improving efficiency and unifying domestic and cross-border flows.

Based in Düsseldorf, Portigon will us the solution for both its German and international business across exchange-traded derivatives and securities. It aims to rationalise previous processes that were conducted on three separate systems.

The single solution also allows for consolidation across asset classes. It includes middle- and back-office transaction processing across asset groups, and supports processing of confirmations, trade reporting, corporate actions and more.

It is also integrated with Broadridge’s EMIR regulatory reporting services.

Portigon COO Klaus Bremges said: "Broadridge has helped transform the economics of our operational model, and will enable us to increase the quality, standardisation and functionality of our service as we support our client base and take on new business."

Tom Carey, president of global technology and international operations at Broadridge, added: “It is a great privilege to have been selected as Portigon’s single multi-asset solution provider demonstrating our capability to operate across multiple asset classes and implement solutions across Portigon’s home market and international markets.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
LEIs offer major cost savings, says OFR
17 November 2017 | Washington DC | Reporter: Drew Nicol
The OFR noted that early academic studies found that cost savings associated with adoption of the LEI approached $1 billion annually
InvestCloud builds on digital platform
17 November 2017 | Los Angeles | Reporter: Stephanie Palmer
Financial technology provider InvestCloud has added a new portfolio management tool to its digital platform
Deutsche Boerse taps UniCredit’s Theodor Weimer as CEO
16 November 2017 | Frankfurt | Reporter: Drew Nicol
Theodor Weimer begins his new role in January, and will take over from Carsten Kengeter, who will leave Deutsche Boerse at the end of 2017
Volante and Open Vector partner
16 November 2017 | New York | Reporter: Jenna Lomax
Open Vector open banking strategy will be combined with Volante’s VolPay Channel
Industry consortium creates third-party risk platform
16 November 2016 | London | Reporter: Theo Andrew
TruSight includes American Express, Bank of America, J.P. Morgan Chase and Wells Fargo, and intends to deliver a “comprehensive approach”
Northern Trust AM names new regional COO
16 November 2016 | London | Reporter: Theo Andrew
Northern Trust Asset Management (AM) has promoted Martha Fee to COO for Europe, the Middle East and Africa and the Asia-Pacific region
Vela launches new data hub
15 November 2017 | London | Reporter: Jenna Lomax
The new data hub will provide clients with access to multiple systematic internaliser liquidity price feeds through a single application programming interface
More news