Based on the multi-currency trade processing and settlement platform, Gloss, the new solution offers international transaction settlement and real-time custody and financing services, enabling firms to boost reporting transparency and increase efficiency of operational processes.
The company claims that Gloss’ new capabilities will allow prime brokers to offer full settlement services to buy-side investment firms and hedge funds, automating security and currency transaction processing, enabling firms to manage books and records in real-time and facilitating efficient asset servicing.
In addition, the solution offers clients global multiple central securities depository (CSD) connectivity.
Gloss is also well-placed to help prime brokers extend their services, expanding the number of products they can offer and their geographical reach, through a single consolidated platform.
Broadridge senior strategy and product manager for Securities Processing solutions, International, Paul Clark said the Gloss prime brokerage solution is another step forward in their strategy to offer extended services to their clients on their single multi-asset platform.
