Broadridge Financial Solutions,
Inc. (NYSE:BR), formerly ADP Brokerage Services Group,
has announced that it is now working in cooperation with Cofunds, the fund
administration service provider, to enable UK retail and private client users of
its Tarot solution to place orders for mutual funds.
Tarot
is Broadridge’s order transaction product that delivers STP for order capture,
routing and execution of client orders and comprehensive back office processing.
It delivers a platform for highly efficient and low cost operations on either an
ASP service bureau or on-site. The new collaboration will enable Tarot users to
place orders for mutual funds with Cofunds, via retail service provider
Winterflood Securities Ltd’s Winner Trader service.
“Historically,
placing orders for mutual funds was labour
intensive, time consuming and relied upon placing orders by telephone. The new
functionality within Tarot increases efficiency and optimises
STP for its users,” said Amanda Fisher, Tarot Product Manager, Broadridge.
-ends-
About Broadridge
Broadridge
is a leading global provider of technology-based outsourcing solutions to the
financial services industry. Our integrated systems and services include
investor communication, securities processing, and clearing and outsourcing
solutions. Broadridge
offers a broad, integrated suite of innovative global solutions across the
investment lifecycle and provides a wide range of cost-effective and scalable
solutions to the financial industry. Our
systems help reduce the need for clients to make significant capital investments
in operations infrastructure, thereby allowing them to increase their focus on
core business activities. For more information about Broadridge, please visit www.broadridge.com.
Contact:
Media:
Mike
West
Broadridge
Financial Solutions, Inc.
London
T: +44 (0)20 7551 3224
E:
mike.west@broadridge.com
