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
BNP Paribas: ESG investment seeing increased interest
25 May 2017 | London | Reporter: Stephanie Palmer
The survey report noted that 77 percent of asset owners already incorporate ESG aspects into their strategies
Nasdaq to support Chilean CSD in post-trade tech
25 May 2017 | Santiago | Reporter: Stephanie Palmer
Based on the Nasdaq Financial Framework the solution will replace Depósito Central de Valores’s existing core system
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
More news