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Broadridge to transform R.J. O’Brien’s derivatives back office

By Robin Amlot

November 12, 2020

  • Broadridge
  • USA

R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the US, has selected Broadridge’s post-trade platform to transform its global exchange-traded derivatives operations.

Broadridge’s integrated processing platform for global derivatives will provide RJO with a scalable, agile platform to support its strategic growth plans and adapt to market change. The platform will offer real-time processing workflows and proactive exception management rationalising processes previously conducted using two back-office systems in the US and UK.

“We selected Broadridge as our strategic partner on this important infrastructure initiative to help us set a new industry standard for global derivatives processing,” said Gerald Corcoran, RJO Chairman and CEO.  “We share a vision with Broadridge for service excellence, transparency and an agile approach to meeting evolving and emerging business requirements. Many of the world’s largest banks and securities firms leverage Broadridge solutions on the securities side; we are excited to forge new ground as Broadridge’s first customer of this important new back-office platform for exchange-traded derivatives. We were similarly a first mover over three decades ago in adopting a back-office platform that later became the flagship system in the industry.”

“Working with our platform, RJO will be able to capitalise on the latest technology innovations to meet market change requirements and help drive future growth and redefine its business,” said Samir Pandiri, President, Broadridge International. “It is a privilege to work with RJO, a globally recognized derivatives leader, to support and enable its global exchange-traded derivatives transformation strategy.”

Broadridge Financial Solutions is a provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. Broadridge’s infrastructure underpins proxy voting services for over 50% of public companies and mutual funds globally, and processes on average more than $8 trillion in fixed income and equity securities trades per day. The company employs more than 12,000 associates in 17 countries.

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