28 November 2015

Broadridge selected by Questrade for new self-clearing model

29 January 2013  |  1077 views  |  0 Source: Broadridge

Broadridge Financial Solutions, Inc. (BR) today announced that Questrade selected Broadridge's technology processing platform and integrated product solutions to support its transition to a self-clearing operating model in Canada.

Broadridge's unique, customizable and scalable Business Process Outsourcing (BPO) solution will also provide back-office operations and support.

The agreement minimizes Questrade's fixed-cost investment in technology and operational infrastructure while also creating new revenue-generating opportunities. Questrade can now more efficiently and rapidly scale while also improving alignment between utilization and cost as trade volumes fluctuate.

Questrade selected Broadridge to be the core provider of the self-clearing strategy because of Broadridge's expertise in operations services and their ability to integrate multiple processes into a highly automated, simple-to-manage system.

"Questrade is focused on transforming online brokerage services by providing our clients with the best investment products, trading technology, and client services," said Edward Kholodenko, Questrade, President and CEO. "Broadridge's BPO solution provides the reliability and functional integration needed to serve our growing business, and seamlessly helped Questrade transition to a self-clearing model. The solution provides us with the scalability to continue innovating and delivering value for our clients."

"Our objective was to help Questrade provide their clients with a more efficient and responsive brokerage experience," said Michael Dignam, President, Broadridge, Canada . "Broadridge's BPO model provides cost savings, scale, and industry leading best practices to help our own clients grow their business."

The partnership was established in September and the implementation of the new solution was completed in December.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news


Related company information

Broadridge Financial Solutions
Your browser is unable to support Flash files.

Top post-trade & ops topics

Most viewed Most shared
Commodities market consortium to explore b...
3749 views comments | 10 tweets | 5 linkedin
FIX taps third party developer community f...
2579 views comments | 1 tweets | 2 linkedin
DTCC launches 'data as a service' products
1902 views comments | 6 tweets | 3 linkedin
Digital transformation is underpinned by d...
1489 views comments | 5 tweets | 2 linkedin
The trials and tribulations of a Complianc...
1448 views 1 | 2 tweets | 5 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job