Broadridge launches trade cost management service

Broadridge Financial Solutions has launched a service that aims to help capital markets firms streamline and automate trade expense management.

The managed service is supported by Broadridge’s revenue and expense management technology, and it supports every fee type and asset class across the industry.

“Global capital markets firms have made great strides controlling staffing and technology costs, but regulatory and market pressures weigh heavily on the cost of trading,” says Michael Alexander, president of Wealth & Capital Markets Solutions at Broadridge.

“For broker-dealers,” he adds, “the management of trade-related fees is the third-largest operating cost after technology and people.”

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The staff of Advisor.ca have been covering news for financial advisors since 1998.