OPS TICKER: Broadridge Gets Proactive on FX
September 4, 2012
Broadridge gets Proactive on matching foreign exchange trades. Object Trading adds the London Metals Exchange. Flextrade Moves to Treasuries. SunGard Data Systems makes Brazilian Exchange more accessible.
BROADBRIDGE FINANCIAL SOLUTIONS: The technology services firm will offer product called PROactive Matching to help financial firms meet Dodd-FrankWall Street Reform Act requirements for currency trade repositories. Proactive is a highly efficient pre-settlement service that offers a single point of control for the matching and management of multiple confirmation sources, such as Financial Products Markup language, Web portal, Web Portal, email, fax, paper and SWIFT messaging.
OBJECT TRADING: The London-based provider of direct market access has added the London Metal Exchange (LME) London Metal Exchange to its global exchange market. Object Trading clients can now access the full range of futures and options contracts for non-ferrous, minor metals and steel traded on the exchange through its FrontRunner products.
FLEXTRADE: The provider of broker-neutral, multi-asset execution systems announced that its FlexTRADER EMS has been certified to trade US Treasuries as a member of the BGC Partners Preferred Vendor Program.. BGC is a wholesale brokerage primarily servicing the wholesale financial and property markets.
SUNGARD DATA SYSTEMS: The software and systems vendor has enhanced its Stream GMI clearing and accounting service with the addition of automated processing of futures, options on futures and options on spots traded on BM&FBOVESPA (BVMF), the Brazilian securities, commodities and futures exchange. SunGard claims the extended coverage will help investment banks, brokerage houses and Futures Commission Merchants outside Brazil better access and trade BVMF’s cleared derivatives market.
