Broadridge Financial Solutions Today Acquires Palaydyne Systems for Approximately $76.5 Million
To significantly expand its services to buy-side clients, Broadridge Financial Solutions today announced the acquisition of Paladyne Systems for approximately $76.5 million in consideration subject to various adjustments. Paladyne is a rapidly growing provider of a market-leading set of solutions to enable global, multi-asset class investment managers and service providers to work more effectively, minimize...
Broadridge Releases the First Mobile ProxyVote Platform to Canadian Shareholders Who Can Now Vote on Smart Phones and Other Mobile Devices
Proxy voting moves to the next generation of advanced technology with today’s announcement by Broadridge Financial Solutions, that its ProxyVote.com platform will now be available on mobile data devices such as smart phones and tablets for Canadian shareholders. Twenty million proxy votes were recorded through ProxyVote.com for the 12 months ended June 30, 2010. ProxyVote...
Sifma Kicks off Industry Feedback to SEC on Proposals for Dealing with Unclaimed Securities, Further Clarity Needed
Sifma has been one of the first industry groups to raise concerns about the Securities and Exchange Commission’s (SEC) proposals regarding the introduction of new requirements for broker-dealers and transfer agents to collect data on lost or missing security holders. The association (one of around a dozen to respond initially) is asking the regulator to...
Broadridge Financial Solutions, the Nation’s Largest Investor Communications Company Saves Corporate Issuers More Than $508 Million This Proxy Season
Broadridge Financial Solutions, the nation’s largest investor communications company, estimates that it saved corporate issuers an unprecedented $508 million this proxy season, compared to $446 million during last year’s proxy season, through the use of its cutting-edge technologies. Broadridge achieved these estimated cost savings while processing 12 billion more shares than a year ago. “Broadridge’s...
Indexium Signs with Cadis
Cadis , the global EDM specialist, has been selected by Indexium, to streamline its data management process. Indexium, the Swiss-based startup firm will calculate and distribute all indices for the STOXX Ltd, SIX Swiss Exchange and Deutsche Börse Group. After a successful Proof of Concept (PoC), Cadis is enabling Indexium to create new data feeds,...
Broadridge Canada Announces Enhanced Smart Securities Offering
Broadridge Financial Solutions, today announced the release of an enhanced version of its Smart Securities offering in Canada, which will now include New Issue Document Fulfillment. New Issue Document Fulfillment is a solution for the communication and delivery of transaction confirmations and required compliance documents to investors who have purchased new issue equity and fixed...
Broadridge and CTI Form Strategic Alliance to Provide Advanced Tax Reporting and Compliance Solutions
Broadridge Financial Solutions and Compliance Technologies International (CTI) jointly announce that they have entered into a partnership that integrates Broadridge’s Tax Managed Services (TMS) with CTI’s Tax Withholding software. This alliance offers broker-dealers comprehensive tax reporting and compliance capabilities designed to meet the increasingly complex tax processing and withholding needs of financial services firms. Through...
Deutsche Bank’s Scott and Northern Trust’s Chapman Highlight the Regulatory Deluge Facing Ops Teams in 2012
There are so many regulations facing the corporate actions and securities operations sector that back office teams may be hard pushed to get on with their day job, said Justin Chapman, global head of industry management, operations and technology at Northern Trust, at this month’s CorpActions 2011 conference in London. Nick Scott, managing director and...
Issuers Won’t Adopt Standards Without a Solid Business Case and Market-wide Agreement, Says Computershare’s Sarkar
The issuer community is wary of adopting new standards without a solid business case and before the rest of the industry has agreed on which standard is best, said Naz Sarkar, CEO of issuer agent firm Computershare Investor Services, at this month’s CorpActions 2011 conference. Sarkar defended the position of issuers, who are frequently criticised...
Asia is Much Further Ahead in Terms of Corporate Actions Standardisation Than the Middle East and Africa, Says StanChart’s Davies
The Asia Pacific region has come a long way over the last few years in terms of corporate actions standardisation and best practice adoption, according to Mark Davies, head of investors and intermediaries at Standard Chartered Bank in Europe. Although it is often lumped in with markets such as the Middle East and Africa, the...