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.”