Broker-dealer Americas Executions (AmerX), announced its implemented the technology platform Securities Finance and Collateral Management (SFCM) from Broadridge Financial Solutions to drive growth for its newly launched securities lending business.
“As we launch AmerX’s new securities lending business, Broadridge’s advanced solution provides the essential system functionalities to enable us to offer new products and services that address the growing needs of our clients, which is crucial for business growth,” said Kevin Cryan, AmerX managing director and head of Securities Lending at AmerX, in a statement.
Broadridge’s SFCM platform will enable AmerX to efficiently manage its securities lending operations, including collateral management, trade lifecycle management and risk assessment, which will ensure a streamlined process, enhance transparency, as well as compliance with regulatory requirements.
“Broadridge’s advanced technology simplifies and innovates trading within a complex ecosystem through globally scalable solutions,” said Darren Crowther, head of Broadridge Securities Finance and Collateral Management, in a statement. “SFCM’s comprehensive and scalable foundation will support AmerX in strengthening operations and enabling growth in an ever-evolving financial landscape.”
Changes in the securities finance landscape are motivating banks, broker-dealers and start-up firms to shift from fully disclosed to self-clearing models, while introducing new products to diversify revenue streams and meet the evolving needs of an expanding investor base. Broadridge’s SFCM platform is designed to streamline workflows, enhance efficiency and offer pricing flexibility along with essential system functionalities.
The SFCM platform offers a comprehensive, front-to-back SaaS solution for securities finance, widely used across global buy- and sell-side markets, including securities lending, repo and collateral trading. By leveraging SFCM, firms enhance their existing securities finance operation, enabling expansion into new international markets and other opportunities.