Broadridge Announces Extension of Gloss
Solution’s International Multi-Asset Processing
August 31, 2010 03:03 AM Eastern Daylight Time
LAKE SUCCESS, N.Y.--(EON: Enhanced Online News)--Broadridge Financial Solutions, Inc. (NYSE:BR) today
announced that it has extended the range of multi-asset processing capabilities of its Gloss international transaction
processing solution. This includes post-execution transaction processing for FX forwards, non-deliverable forwards
(NDFs) and forward rate agreements (FRAs).
Gloss is very well established internationally as a leading multi-currency trade processing and settlement platform
with extensive functionality for equities, fixed income and warrants. It has always provided an FX capability, but now
this has been enhanced and extended to specifically recognise and cater for FX forwards, NDFs and FRAs. This
capability has been provided in response to the requirements of clients and prospects globally, particularly in the Asia
Pacific region which is an important strategic focus for Broadridge’s international business.
Additionally, Broadridge’s recent acquisition of City Networks, now rebranded as Broadridge City Networks,
means that Broadridge is able to offer a combined solution that includes Gloss and ProActiveTM Matching to
provide a complete FX transaction processing, confirmation, matching and settlement solution.
“This latest investment by Broadridge is part of our response to the requirement to process many different asset
classes on a single platform,” said Robin Kneale, Head of Strategy and Product Management, Securities Processing
Solutions, International, Broadridge. “We see demand for this functionality from our clients and prospects
internationally, especially in Asia Pacific, and we are pleased to demonstrate the flexibility and configurability of the
Gloss engine in this way to meet these requirements. Now we plan to go on to provide functionality for exchange-
traded futures and options and CFDs.”