R.J. O’Brien to use Broadridge’s post-trade platform to transform its ETD operations
Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) today announces that it has selected Broadridge Financial Solutions’ post-trade platform to deliver transformational levels of efficiency across its global exchange-traded derivatives operations.
Broadridge’s advanced, integrated processing platform for global derivatives will provide RJO with a scalable, agile platform to support its strategic growth plans and adapt to market change. RJO will gain significant productivity and performance improvements through streamlined, real-time processing workflows and proactive exception management rationalizing processes previously conducted using two major back-office systems in the U.S. and UK.
The new platform will reduce the complexity and cost of running two separate back-office systems, without the need to maintain the technology and hardware. It will provide RJO with a single solution for all asset classes supported by the firm globally.
Gerald Corcoran, RJO Chairman and CEO, comments:
“We selected Broadridge as our strategic partner on this important infrastructure initiative to help us set a new industry standard for global derivatives processing. We share a vision with Broadridge for service excellence, transparency and an agile approach to meeting evolving and emerging business requirements”.
Samir Pandiri, President, Broadridge International, adds:
“Working with our platform, RJO will be able to capitalize on the latest technology innovations to meet market change requirements and help drive future growth and redefine its business. It is a privilege to work with RJO, a globally recognized derivatives leader, to support and enable its global exchange-traded derivatives transformation strategy.”