London
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
Smartkarma opens European hub in London
25 September | London | Reporter: Theo Andrew
According to Smartkarma, the move means European analysts can now register with the platform to join the data platform, offering a network approach to insights and publishing tools
First RFQ inflation swap transactions executed on Tradeweb platform
25 September 2017 | London | Reporter: Stephanie Palmer
Tradeweb has completed the first cleared inflation swap transactions using request-for-quote protocol, on its European Interest Rate Swap platform
SmartStream partners with Deutsche Börse Reporting Hub
25 September 2017 | Frankfurt | Reporter: Theo Andrew
Deutsche Börse Group has enlisted The SmartStream Reference Data Utility (RDU), for its new Regulatory Reporting Hub
US Volcker Rule not fit for purpose, says SIFMA
22 September 2017 | New York | Reporter: Drew Nicol
The US Volcker Rule is too broad, excessively complex, and uniquely prescriptive, according to the Securities Industry and Financial Markets Association
Pension fund mandate for BNP Paribas
21 September 2017 | London | Reporter: Jenna Lomax
The West Sussex Pension Fund is the fifth appointment BNP Paribas has secured under the Local Government Pension Schemes (LGPS) National Framework Agreement
IHS Markit names new COO for thinkFolio
21 September 2017 | London | Reporter: Jenna Lomax
Cunningham will lead thinkFolio’s product management, services, support and managed service offering
AcadiaSoft expands user base for IM compliance
21 September 2017 | Massachusetts | Reporter: Drew Nicol
The second phase of the IM rules went live on 1 September under the regulatory framework of BCBS and IOSCO
More news