FAB Partners With Broadridge To Boost Securities Lending Services
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First Abu Dhabi Bank (FAB) has chosen Broadridge Financial Solutions to support its global agency securities finance business.
The firms revealed that the partnership will expand securities lending services in the UAE and the wider Middle East region. The collaboration also aligns with Broadridge’s launch of a new AI-powered algorithmic trading insights service.
According to Broadridge, this partnership introduces the first Amazon Web Services (AWS) Software-as-a-Service (SaaS) deployment for securities finance in the region.
FAB Aims To Boost Securities Lending With Broadridge Partnership
FAB’s adoption of Broadridge’s Securities Finance and Collateral Management (SFCM) solution will enhance the bank’s global fixed-income and equities market coverage. This development ensures compliance with both local regulations and international standards.
Darren Crowther, Head of Securities Finance and Collateral Management at Broadridge, stated that both FAB and Broadridge are committed to offering innovative solutions and simplifying trading processes. He explained that this partnership meets the growing need for securities lending and borrowing in the Middle East while following regional regulations and global best practices.
Reports revealed that this AWS SaaS deployment aims to provide new opportunities for institutional clients seeking securities lending services. FAB’s initiative reflects a growing trend of digital transformation and the use of advanced technology in financial services across the Middle East.
In a related move, Broadridge announced the acquisition of the Kyndryl Securities Industry Services (SIS) platform. According to the company, this acquisition aims to strengthen Broadridge’s presence in the Canadian financial sector. The deal is expected to expand the company’s offerings, particularly in wealth management and capital markets solutions.
Meanwhile, Broadridge has launched a new AI-powered algorithmic trading insights service for NYFIX. The company reported that this service is designed to improve algorithmic trading for asset managers and hedge funds.
The AI technology analyzes both public and private data to enhance the accuracy of dark pool liquidity mapping and optimize algorithmic execution.
FAB Seeks To Advance Market Capabilities With Broadridge’s AI
George Rosenberger, Head of NYFIX at Broadridge Trading and Connectivity Solutions, explained that the new service gives algo traders a data-driven tool for key trading decisions.
He said the AI insights and historical data provide clients with better precision and confidence when navigating complex markets. Rosenberger also stated that this service helps optimize trading strategies and reduce costs for buy-side firms.
The NYFIX service incorporates research from industry experts Jeff Alexander and Linda Giordano. Their work at Babelfish Analytics established standards for routing dynamics and algorithm selection.
Broadridge revealed that the service is initially available for U.S. equities trading, with plans to expand to other asset classes and regions.
Additionally, Broadridge’s AI-driven trading platform, LTX, has announced a partnership with TransFICC, a provider of e-trading technology.
According to Broadridge, this collaboration allows dealers to integrate via TransFICC’s One API for e-trading platforms. The partnership aims to simplify fixed-income trading processes and address industry challenges.
Broadridge’s recent initiatives highlight its focus on leveraging AI and blockchain technology to improve trading and financial services. The company continues to enhance its offerings through strategic partnerships, acquisitions, and innovative solutions.
