12 May 2016
Reporter: Stephanie Palmer

Broadridge boosts derivatives position with Dojima

Broadridge has added clearing for exchange-traded derivatives (ETDs) to its Global Post-Trade Management (GPTM) solution through the acquisition of technology firm Dojima.

The Dojima solution, rebranded as Broadridge Derivatives Clearing, means that GPTM can facilitate central clearing for exchange-traded and over-the-counter derivatives, providing connectivity to global clearinghouses and exchanges.

Auto-clearing facilities are designed to let trades flow quickly and easily between clearinghouses, clearing members and end clients, allowing for improved time-to-market. The solution is also designed to be flexible, addressing the complex and often changing requirements of derivatives reforms.

Terms of the deal have not been disclosed.

This acquisition comes as a part of a general improvement of Broadridge’s post-trade offering for banks and brokers. In March, the firm announced a strategic alliance with The Technological Company to improve Broadridge’s post-trade offering for futures and options through margin calculation capabilities.

Tom Carey, president of global technology and international operations at Broadridge, said: “This strategic expansion of our futures and options offering is an important addition to our GPTM roadmap, enabling us to offer a broader, tightly-integrated global post-trade processing solution for investment banks and brokers.”

The former CEO of Dojima, Nachi Muthu, has joined Broadridge in the position of head of derivatives trading and clearing solutions, global technology and operations.

Muthu said: “Broadridge has been a leader in helping companies transform the breadth and economics of their operational models through global, seamlessly integrated post-trade processing solutions.”

“We are pleased to join the Broadridge team, leveraging our multi-tenant, multi-currency and multi-asset class technology to help firms meet rapidly-evolving market and regulatory changes in the exchange-traded derivatives marketplace.”

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
UniCredit launches instant payment solution
22 November 2017 | Milan | Reporter: Becky Butcher
UniCredit has launched its cross-border instant payments solution in Italy and Germany
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
SSGA hires Nordic head of SPDR ETFs
21 November 2017 | London | Reporter: Theo Andrew
Based in London, Marcus Miholich will be responsible for evaluating the investment objectives of SSGA’s Nordic client base. He will report to Rory Tobin, global co-head of SPDR ETFs at SSGA
EU Commission opens consultation of SFTR TR fees
21 November 2017 | Paris | Reporter: Drew Nicol
UK-based trade repositories may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit, according to proposed EU Commission rules
Volante Technologies partners with eVision
21 November 2017 | New York | Reporter: Jenna Lomax
Volante will use eVision on its VolPay Suite, which is designed to accelerate all aspects of payments transformation projects, for Egypt and North Africa
Esprow launches new version of ETP Studio
21 November 2017 | New York | Reporter: Jenna Lomax
Esprow has launched version 3.0 of its ETP Studio for financial information exchange
Citi boosts custody and fund services team
21 November 2017 | London | Reporter: Stephanie Palmer
Fiona Horsewill is set to join Citi as head of product development and strategy for custody and fund services EMEA
More news