Broadridge has announced the launch of Tradeverse, a data platform that unleashes the potential of data across the enterprise and better manages costs, reconciliation, and the data quality and lineage challenges of firms’ platform ecosystems
According to the global fintech, Tradeverse will be the cornerstone of a number of innovative value-add business solutions that Broadridge will bring to market in the coming months.
“Proving the power of harmonizing trade data”
Tradeverse consolidates real-time, multi-asset class data from multiple vendor applications and platforms from orders and executions through settlement into a unified, harmonized data platform.
The new platform reduces errors, simplifies access with a common data ontology across front, middle, and back office, and incorporates robust security to protect sensitive information and maintain data integrity.
Trading desks, operations, risk, finance, and regulatory departments can rely on Tradeverse for its clear data structure which unlocks insights for all key functions by providing a trusted and transparent data source.
Hugh Daly, Head of Data and AI, Capital Markets, Broadridge, said: “A Tradeverse implementation we’ve recently completed with a global bank is proving the power of harmonizing trade data. The solution delivers efficiencies for their regulatory reporting and compliance teams, allowing direct access to the data for business users initiating complex searches using natural language.”
Besides the abovementioned global banks which is deploying Tradeverse, Broadridge also mentioned a Securities Operations team of a top ten capital markets firm which is using Tradeverse’s harmonized data platform coupled with Broadridge’s Generative AI tool for Operations (OpsGPT) to empower users. This combination is allowing the firm to identify and implement productivity gains such as settlement fails analysis.
Broadridge onboarded YCharts
YCharts recently integrated with Broadridge’s Wealth Aggregation platform to create a fully integrated solution for data connectivity and consistency across teams. The cloud-based investment research and client communications platform aims to elevate advisor practices by uniting tools designed to enhance investment decision-making and client experiences through comprehensive portfolio management capabilities.
YCharts is an investment research platform built for wealth management professionals, offering comprehensive data, visualization tools, and analytics for equity, mutual fund, ETF, and SMA research, as well as proposal and report generation, portfolio construction, idea generation, and market monitoring.
The integration improves access and importation of client account data so that advisors can increase focus on building deeper client relationships with visually engaging communication aids. The integration will provide YCharts users with key features, including:
- Seamless uploading of financial statements and portfolio positions within Broadridge’s Wealth Aggregation platform for direct import into YCharts, reducing manual entry, and ensuring precise portfolio management.
- Visually appealing portfolio and comparison reports that simplify complex data, aiding in asset gathering and client retention.
- Comprehensive analysis of client portfolios across performance metrics and asset allocations, ensuring consistent communication on investment recommendations.
