Broadridge expands GPTM with derivatives clearing through acquisition of Dojima LLC

Provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers Broadridge Financial Solutions, Inc. (NYSE:BR) today announces an expansion of its Global Post Trade Management (GPTM) solution, adding exchange-traded derivatives functionality via the acquisition of niche tech firm Dojima LLC.

As a result of the deal, whose terms were not disclosed, Broadridge’s GPTM will facilitate central clearing for exchange-traded derivatives.

Dojima’s solution, rebranded as Broadridge Derivatives Clearing, provides a multi-asset multi-tenant clearing and connectivity platform for exchange-traded and cleared OTC derivatives. Its real-time, rules driven, auto-clearing facilities enable seamless flow of trades from global clearing houses to clearing members through to end-clients within seconds. It provides a highly flexible interface that accelerates time to market while addressing the rapidly-changing and complex requirements of derivative reforms.

The deal with Dojima is announced a couple of months after Broadridge sealed a strategic alliance with The Technancial Company to provide margin calculation capabilities. The latest deal completes the creation of a top-notch clearing solution for exchange-traded derivatives.

Tom Carey, president, Global Technology and Operations International, 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. It demonstrates the continuing, strong market traction of our solution globally, which in the last year included the adoption by leading brokers in North America, Japan and Germany. We are delighted to welcome the talented Dojima team, who has deep domain experience in this market.”

Nachi Muthu, Head of Derivatives Trading and Clearing Solutions, Global Technology and Operations, International at Broadridge and former CEO of Dojima, 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.”

For the official announcement from Broadridge, click here.

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