Broadridge has entered into a strategic partnership with Iress UK, incorporating its OMS and market-making platform, Tbricks directly into the Iress Retail Service Provider (RSP) network.
The offering is aimed at UK broker-dealers and enables clients, the liquidity providers, to benefit from more streamlined order management, increased market connectivity, real time data and analytics, and robust compliance, as well as enhanced risk and market-making capabilities.
Ian Mawdsley, chief product officer at Broadridge trading and connectivity solutions highlighted that the partnership will allow for an inclusive offering: “By combining our order management and advanced market-making tools with access to the Iress RSP network, we are bringing a comprehensive solution to the market at a time when few complete solutions have been available.”
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The joint trading and connectivity solution has been tailored specifically to UK market makers, with full access to the retail and wealth community.
Ray Pretorius, managing director at Iress UK trading, said: “The strategic partnership with Broadridge coincides with focused investment into the RSP platform for enhanced data insights and execution services to retail brokers and wealth managers.”
Last month, Broadridge launched BRx Match, a cloud-based reconciliation and matching solution aimed at tackling reconciliation and data integrity challenges.