
Portigon Financial Services Deploys Broadridge’s Post-Trade Processing Solution for German Domestic and International Operations
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Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
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The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
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Multi-asset solution increases efficiency, improves business controls and reduces costs through streamlined processing
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that Portigon Financial Services, an international portfolio service provider with branches in Düsseldorf, London and New York, is now live on Broadridge’s global post-trade processing solution for both its German domestic and international businesses across exchange-traded derivatives and securities.
The implementation allows Portigon to boost its operational efficiency levels by unifying both domestic and cross-border flows, rationalizing processing previously conducted on three separate systems and consolidating across asset classes though a single, best-in-class solution. The major benefits were delivered within 12 months through Broadridge’s and Portigon’s highly disciplined implementation process.
"Broadridge has helped transform the economics of our operational model, and will enable us to increase the quality, standardization and functionality of our service as we support our client base and take on new business," said Klaus Bremges, Chief Operating Officer of Portigon. "Broadridge has been an excellent partner in support of our strategy to streamline multi-asset post-trade processing. Its in-depth capital markets expertise and exceptional standards of service have ensured a high-quality deployment that will significantly enhance our services.”
“We are committed to serving firms such as Portigon, who seek to enhance their competitiveness by streamlining operations across business silos using our global post-trade solution,” said Tom Carey, President, Global Technology and Operations International, Broadridge. “It is a great privilege to have been selected as Portigon’s single multi-asset solution provider demonstrating our capability to operate across multiple asset classes and implement solutions across Portigon’s home market and international markets.”
Portigon’s solution includes full middle- and back-office transaction processing across asset groups. It supports processing of confirmations, trade reporting, position management, netting, settlement, corporate actions and statements and advices, and is fully integrated with Broadridge’s EMIR Regulatory Reporting services.
Within the past year, Broadridge has received various industry awards – including the Futures & Options World International and Asia awards for Best New Product, Clearing – in recognition of its investments in multi-asset processing and its dedication to providing clients with a true global, multi-asset, post-trade solution.
About Portigon (www.portigon.com)
Portigon Financial Services GmbH, headquartered in Düsseldorf, North-Rhine Westphalia, Germany, is a leading servicer for commercial assets, liabilities and derivatives and offers its service platform to selected third parties, including bad banks, operating banks, funds and insurers. Portigon offers end-to-end servicing covering an extensive range of banking products: loans, securities and derivatives from plain vanilla banking products through to highly complex financial instruments.