Broadridge will facilitate access to LiquidX's trade finance exchange platform for the nearly 2,000 corporations globally with which Broadridge has relationships.
LiquidX in turn will enable Broadridge to connect corporate treasury and finance professionals with the capital markets and trading desks of its large network of corporate, bank and asset management clients.
Charlie Marchesani, president of global technology and operations at Broadridge, said:“LiquidX's innovative technology combined with Broadridge’s leadership role in facilitating trading and settlement on behalf of its large global client network will provide significant value in addressing liquidity and execution issues within trade finance.”
“Our alliance with LiquidX is a strategic extension of our processing capabilities to a new emerging electronic asset class marketplace.”
Jim Toffey, CEO and founder of LiquidX, said: “We are excited to partner with Broadridge to greatly expand the distribution reach of our highly-scalable and rapidly-growing platform.”