Broadridge announces strategic investment in LiquidX

Broadridge Financial Solutions, Inc. (NYSE:BR), a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers, today announced that it has made a strategic investment and entered into a referral, sales and marketing alliance with provider of an electronic exchange platform for global trade finance LiquidX, Inc. (LiquidX).

Through the partnership, Broadridge will facilitate access to LiquidX’s platform for the nearly 2,000 corporations across the globe with which Broadridge has relationships. The strategic collaboration with LiquidX will allow Broadridge to connect corporate treasury and finance professionals with the capital markets and trading desks of its large network of corporate, bank and asset management clients.

Charlie Marchesani, president of Global Technology and Operations at Broadridge, says,

“LiquidX’s innovative technology combined with Broadridge’s leadership role in facilitating trading and settlement on behalf of its large global client network will provide significant value in addressing liquidity and execution issues within trade finance. Our alliance with LiquidX is a strategic extension of our processing capabilities to a new emerging electronic asset class marketplace.”

Jim Toffey, CEO and founder of LiquidX, says:

“We are excited to partner with Broadridge to greatly expand the distribution reach of our highly-scalable and rapidly-growing platform.”

Chris Perry, president of Global Sales, Marketing and Solutions at Broadridge, adds:

“Broadridge’s continued focus is on bringing revenue-generating, value-added solutions to our network of clients. Our unique business model enables us to serve as the intersection between corporate, buy-side and sell-side firms and work with LiquidX to bring needed liquidity to an illiquid asset class.”

Read Also: