Broadridge Announces the Latest Release of Gloss, Its International Securities Processing Platform.LAKE SUCCESS, N.Y. -- Broadridge Financial Solutions Broadridge Financial Solutions, Inc., (NYSE: BR) formerly ADP Brokerage Services Group, with nearly $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. , Inc. (NYSE NYSE See: New York Stock Exchange :BR) today announced the latest release of Gloss, its international securities processing platform. This latest release, Gloss version 6, provides an integrated solution for global and domestic processing of securities in the major European and Asian markets, with new and enhanced functionality for equities and fixed-income instruments. This solution is available as an ASP or on-site licensed offering. Gloss' international service capability has been enhanced to extend its Japanese functionality. It can now offer full processing for Japanese equities, convertible bonds and subscription rights processed by on-shore Japanese broker-dealer operations. It also includes Japanese regulatory and legal reporting, and in combination with Broadridge's JASDEC JASDEC Japan Securities Depository Centre adapter A device that allows one system to connect to and work with another. An adapter is often a simple circuit that converts one set of signals to another; however, the term often refers to devices which are more accurately called "controllers. , it can support fully-integrated matching, settlement and delivery prioritisation for JASDEC. The new integrated release also supports other Asia Pacific markets. For example, for Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. it interfaces with Broadridge's CCASS CCASS Conseil Canadien d' Agrément des Services de Santé CCASS Construction Contractor Appraisal Support System (USACE) adapter which provides two-way connectivity with Hong Kong Exchanges and Clearing Hong Kong Exchanges and Clearing Limited (Chinese: 香港交易及結算所有限公司, also 香港交易所 or 港交所; abbreviated as HKEx; HKSE: 0388 Limited's Central Clearing and Settlement System. Gloss version 6 includes Broadridge's new multi-language browser-based user interface and exception management system, Task Explorer, a proactive, exception-handling system for its international securities processing services. Task Explorer now enables firms to automate the generation and assignment of tasks for back- and middle-office operations. Version 6 of Gloss incorporates further capabilities for its central counterparty/netting functionality, which now includes processing for most major market venues. Another feature is enhanced functionality for fixed-income processing; in particular broader functionality is provided for non-interest bearing bonds and commercial paper through constant yield amortisation Noun 1. amortisation - the reduction of the value of an asset by prorating its cost over a period of years amortization reduction, step-down, diminution, decrease - the act of decreasing or reducing something 2. processing and yield pricing. Broadridge continues to substantially extend the scalability of the Gloss solution. Version 6 is now suitable for all sizes of operation from small and medium brokerage firms processing low volumes of trades per day to those processing over a million trades per day. This is demonstrated by the diverse client base processing on the platform. Gloss is a real-time, multi-currency, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and record keeping solution for post-execution processing of international securities. It automates the trade processing lifecycle from trade capture through to confirmation and settlement, to provide the highest levels of straight-through-processing and efficient and timely exception management. "We continue to make substantial investments in Gloss in line with market demand in terms of functional breadth, market specific features and scalability," said Robin Kneale, Head of Strategy, Securities Processing Solutions, International, Broadridge. "This latest version of Gloss underlines our ongoing commitment to delivering value to firms operating in the international securities market." About Broadridge Broadridge Financial Solutions, Inc., with over $2.2 billion in revenues in fiscal year 2008 and more than 40 years of experience, is a leading global provider of technology-based outsourcing solutions to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Our systems and services include investor communication, securities processing, and clearing and outsourcing solutions. We offer advanced, integrated systems and services that are dependable, scalable and cost-efficient. 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. |
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