Broadridge Launches Tradeverse to Streamline Data Management
Broadridge Financial Solutions Inc. (NYSE: BR) has launched Tradeverse, a new data platform. This platform is designed to help trading firms eliminate data silos and optimize data usage across the enterprise. It also manages costs, reconciliation, and data quality challenges inherent in complex platform ecosystems.
About the Tradeverse
Broadridge launched Tradeverse, a new data platform designed to help trading firms manage and optimize their data across complex ecosystems. It consolidates real-time, multi-asset class data from various sources into a single, unified platform, simplifying data access and reducing errors through a common data ontology that spans the front, middle, and back office functions.
Tradeverse enhances data quality, lineage, and security, providing a trusted source of information for trading, operations, risk, finance, and regulatory teams.
Harmonizing trade data and applying business logic accelerates access to high-quality data, which supports regulatory compliance and AI initiatives.
What Does It Mean?
Here is what it means for users.
Unified Data Access
Traverse consolidates data from multiple sources, covering all stages of the trade lifecycle—from orders and executions to settlement—into a single, harmonized platform. This means users no longer have to deal with fragmented data spread across different systems, making accessing and using data consistently easier.
Improved Data Quality and Security
With a standardized data ontology and robust security features, Tradeverse helps ensure that the data is accurate, reliable, and secure. This reduces errors and improves confidence in the data’s use for critical decision-making.
Enhanced Efficiency and Cost Management
Tradeverse streamlines data processes and reduces the need for reconciliation between disparate systems, helping firms cut operational costs and save time. This leads to more efficient workflows and allows teams to focus on high-value tasks rather than data management issues.
Accelerated Insights and Decision-Making
The platform’s unified data structure unlocks actionable insights for various functions, including trading, risk management, finance, and regulatory compliance. It enables quick access to data, allows complex searches using natural language, and speeds up decision-making.
About Broadridge Financial Solutions
Broadridge Financial Solutions, Inc. is a prominent global fintech company that provides technology-driven solutions to financial institutions. Originally part of Automatic Data Processing (ADP), Broadridge became an independent company in 2007. Broadridge serves diverse clients, including banks, broker-dealers, asset managers, and corporate issuers.
Way Ahead
Broadridge aims to continuously improve data integration, quality, and accessibility across trading ecosystems, ensuring that firms can maximize their data’s potential. By prioritizing user-centric enhancements and maintaining robust security and data governance, Tradeverse will evolve to support a broader range of financial services.
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