NEW
YORK, Oct. 10, 2024 /PRNewswire/
-- Americas Executions (AmerX), a full-service
broker-dealer, implements technology platform Securities Finance
and Collateral Management (SFCM) from global fintech leader
Broadridge Financial Solutions, Inc. (NYSE: BR) to drive growth for
its newly launched securities lending business.
"As we launch AmerX's new securities lending business,
Broadridge's advanced solution provides the essential system
functionalities to enable us to offer new products and services
that address the growing needs of our clients, which is crucial for
business growth," said Kevin Cryan,
AmerX Managing Director, Head of Securities Lending.
Broadridge's SFCM platform will enable AmerX to efficiently
manage its securities lending operations, including collateral
management, trade lifecycle management and risk assessment, which
will ensure a streamlined process, enhance transparency, as well as
compliance with regulatory requirements.
"Broadridge's advanced technology simplifies and innovates
trading within a complex ecosystem through globally scalable
solutions," said Darren Crowther,
Head of Broadridge Securities Finance and Collateral Management.
"SFCM's comprehensive and scalable foundation will support AmerX in
strengthening operations and enabling growth in an ever-evolving
financial landscape.
Evolving Securities Finance Landscape
Changes in the securities finance landscape are motivating
banks, broker-dealers and start-up firms to shift from fully
disclosed to self-clearing models, while introducing new products
to diversify revenue streams and meet the evolving needs of an
expanding investor base. Broadridge's SFCM platform is designed to
streamline workflows, enhance efficiency and offer pricing
flexibility along with essential system functionalities.
Driving Client Growth Initiatives
Broadridge's advanced technology simplifies and innovates
trading within a complex ecosystem through globally scalable
solutions. The SFCM platform offers a comprehensive, front-to-back
SaaS solution for securities finance, widely used across global
buy- and sell-side markets, including securities lending, repo and
collateral trading. By leveraging SFCM, firms enhance their
existing securities finance operation, enabling expansion into new
international markets and other opportunities. The platform's
robust, scalable foundation supports business growth, providing the
flexibility and functionality needed to drive success in an
ever-evolving financial landscape.
About AmerX
Lucid Capital Markets ("Lucid"), doing business as Americas
Executions ("AmerX"), is a member of the New York Stock Exchange as
well as an SEC and FINRA-registered broker-dealer. As one of the
largest firms on the NYSE trading floor, AmerX and its team have
decades of cumulative experience in financial markets, managing an
array of products and offering a bespoke suite of services. As a
full-service Broker Dealer, AmerX provides tailored Securities
Lending services, custody and clearing as well as Investment
Banking solutions to its clients.
About Broadridge
Broadridge Financial Solutions (NYSE:
BR), is a global technology leader with the trusted expertise and
transformative technology to help clients and the financial
services industry operate, innovate, and grow. We power investing,
governance, and communications for our clients – driving
operational resiliency, elevating business performance, and
transforming investor experiences.
Our technology and operations platforms process and generate
over 7 billion communications per year and underpin the daily
trading of more than $10 trillion of
securities globally. A certified Great Place to Work®, Broadridge
is part of the S&P 500® Index, employing over 14,000 associates
in 21 countries. For more information, please visit
www.broadridge.com.
Broadridge Contacts:
Investors:
Edings
Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/americas-executions-leverages-broadridge-technology-to-support-new-securities-lending-business-302272282.html
SOURCE Broadridge Financial Solutions, Inc.