Untitled 1
Broadridge Financial Solutions, Inc. (NYSE:BR), formerly ADP Brokerage Services Group,
has announced that
Cameron
Stockbrokers Limited (Cameron) has commenced live operations on its SUMMIT
platform in Australia.
Cameron, an independently owned full service broker, signed a multi-year
contract with Broadridge for the processing of its equities brokerage processing
operations.
Under the
agreement, Cameron will use Broadridge’s Australian broker client accounting
system, SUMMIT,
to automate the processing lifecycle of its equities operations for both
domestic Australian and international traded securities from trade capture
through to confirmation, position management, multi-currency books and records,
clearing house reporting and settlement.
SUMMIT
will also provide integrated processing for corporate actions.
In
addition, Cameron will also use SUMMIT’s
suite of service adapters for local market connectivity.
This includes connectivity to the Australian Stock Exchange (ASX)
ITS order processing service, the ASX
CHESS settlement service, and IRESS for ETC
allocation and confirmation.
Fraser Moodie, Manager, Broadridge Australia, said:
“We are delighted to welcome Cameron Stockbrokers to our customer portfolio in
Australia.
We look forward to meeting their requirements through our commitment to
product leadership and world class standards of service.”
Steven Pritchard, Executive Chairman of Cameron
Stockbrokers Limited, said: “When we looked at replacing our existing system,
one of the things we looked for was a system based upon Microsoft technologies
to enable us to take advantage of the increase in productivity that comes from
using a windows based system.
Broadridge’s SUMMIT
was the only system currently available in the Australian marketplace that could
meet our requirements.”
-ends-
About Broadridge
Broadridge
Financial Solutions, Inc., formerly ADP Brokerage Services Group, with over $2.0
billion in revenues and more than 40 years of experience,
is a leading
global provider of technology-based outsourcing solutions to the financial
services industry. Our 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
