Broadridge Facilitates SBI Securities’ Access To UK Market
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
SBI Securities of Japan is set to join the UK equities brokerage market as a new player in a collaborative effort with Broadridge Financial Solutions to introduce its services in the region. The move is centered on the existing partnerships between the two firms, with Broadridge already handling SBI Securities’ Japanese equities transactions in Singapore and Hong Kong.
SBI Securities Seeks To Enhance Its UK Presence Through Strategic Collaboration
Through SBI Shinsei International Limited, its UK subsidiary, SBI will leverage Broadridge’s ASP cloud environment to enhance its operations and services to its customers. SBI Shinsei automates its Swift messaging workflows with its custodian while leveraging Broadridge’s Swift Service Bureau solution.
The Head of Global Operations at SBI Securities, Ichiro Takahashi, stated that the alliance has enabled them to establish a presence in the UK market confidently. By merging Swift workflows and Broadridge’s global standard for post-trade processing, SBI Securities offers attractive chances to its customers all over the world.
The collaboration involving the two firms began nine years ago with SBI implementing Broadridge’s post-trade processing options in its fixed-income trades.
The president of Broadridge International, Mike Sleightholme, is happy about expanding their relationship with SBI Securities for the benefit of their customers, particularly in the UK.
For Broadridge, this marks another partnership in the Japanese market over the previous month. In March, Matsui Securities streamlined stock lending using the fintech cloud solutions.
Broadridge Aims To Improve Customer Services Through Several Strategic Initiatives
Broadridge recently partnered with Baader Bank AG and utilizes Baader Bank’s regulatory trade and transaction reporting platform.
The firm recurring sales and services brought about a remarkable growth in its revenues, rising by 7% year-over-year to $899 million. Moreover, this development remains tied at 6%, highlighting Broadridge’s success in the face of the growing market dynamics.
Broadridge launched an innovative derivatives trading technology platform, which was established particularly for institutional customers a month ago.
Broadridge Futures and Solutions, a software-as-a-service platform, is designed to revolutionize the buy-side clients’ trading experience. It also offers sell-side companies important insights into risk management and trading activities.
This launch of this new platform responds to the increasing demand in the derivatives market, which has experienced an increase in trading volumes. The launch of Broadridge Futures and Solutions follows closely the firm’s remarkable financial results for the second quarter of fiscal year 2024. The company boosted of a 9% increase in total revenue, reaching $1,405 million.
