Lake Success, N.Y. -
Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that it has extended its global post-
“Broadridge is a global leader in driving technology innovation and business model transformation. The addition of Message Automation will enhance our ability to help companies to reduce risk and enhance compliance while improving operational efficiency,” said Charlie Marchesani, President of the Global Technology and Operations division of Broadridge. “This is the third acquisition related to broadening our post-
Financial institutions have had to implement regulatory trade and transaction reporting solutions for Dodd-
“We share Broadridge’s focus on delivering exceptional business value to clients, and we look forward to leveraging Broadridge’s scale and relationships to help accelerate industry transformation through our post-
Message Automation’s central data model is highly extensible to handle new regulations and market changes. Message Automation is actively implementing its MiFID II solution with global firms in preparation for the January 2018 deadline, already working with Broadridge on addressing self-
Quayle Munro acted as exclusive financial and strategic advisor to Message Automation Ltd.
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-
With more than 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 16 countries.
For more information about Broadridge, please visit www.broadridge.com
Read MA Dialogue for a consolidated view on what happened at Message Automation during 2016, or see the individual events in more detail below.
Message Automation (MA) will be showcasing its strategic Trade and Transaction Reporting platform at the Post Trade Forum being held in Vienna, today -
MA, the leading specialist provider of post-
Broadridge brings transformative operational advantages to global trade processing and management,from trade capture through clearance and settlement, reconciliation, asset servicing, books and records, and regulatory reporting. Broadridge’s Global Post Trade Management solution streamlines and standardizes operations and infrastructure across asset classes, markets, currencies and business entities. It supports multiple asset classes, including equity, fixed income, foreign exchange, money market, exchange-
David Farmery comments -
Please drop by our stand to discuss the implications of the EMIR revision; MiFID II; SFTR or any other Trade and Transaction reporting requirements. Alternatively contact David directly on:
Message Automation continues to work on the development of its MiFID II solution as a natural extension of our x-
Additionally we have formed our own detailed implementation working group with clients and key prospects -
Firstly, we are included in the renowned Risktech100 (2017) report in recognition of the support we offer global banking clients in harmonising key risk information from CCP's, exchanges and brokers; and for our solutions helping clients manage regualtory risk.
Secondly, we are included in Chartis' inaugural 'Data integrity and control solutions' report highlighting our management of key incoming data as described above, as well management of data for Trade and Transaction Reporting purposes.
We consider our inclusion alongside industry giants many times our size to be a great honour, building on our recent FOW award as Best New Post trade Technology Product.
Hugh Daly, CEO discusses how MA has built its business around addressing the fragmentation of data and data standards and its clearVELOCITY platform, aimed at addressing the acute problem in OTC clearing data.
Read more in Attached PDF: FOW International Awards 2016 Winners’ Guide
The winners of these awards were chosen by a panel of independent judges who have expert insight on the industry and were announced at a dinner at the Grange City hotel, in London last night.
Hugh Daly, CEO at MA commented, “I am delighted to receive this prestigious award on behalf of the entire MA team. Although our solutions are proven and have been in use by a number of the world’s tier 1 financial institutions for some time it is always humbling to be recognised and chosen from a category of strong competition. It makes the perfect end to what has been an exciting and game changing year for MA and we are relishing the opportunities which the continuous onslaught of regulation is presenting. The clearVELOCITY solution is a vital competent of our strategic Post-
For more information:
Contact: Ian Chester Tel: +44 7721 780029
Working with our South African partner Andile and a major South African Bank, MA is expanding its futureLANDSCAPE connectivity solutions to cover fixed income and CDS as well as its existing capabilities in other OTC and listed derivatives. Andries Brink, CEO of Andile explains -
Message Automation (MA), the leading provider of Post-
Philippe De Brossard, Head of Fixed Income Clearing Solutions at SG CIB commented. "Monitoring and reporting of CCP exposures, is by nature a very complex process, particularly when having to collate and consolidate multiple information sources from a variety of subsidiary companies and over 80 external relationships. Our project objective is to streamline and simplify the entire process and we are working with the MA team to satisfy two very specific initial requirements. The first being the desire to fully automate our complete exposure reporting capabilities, to reduce our overall operational risk exposure by dramatically reducing manual tasks. Our second is to create a centralised database to improve data quality. Consolidating the many diverse formats into a single harmonised data store will provide our internal consumers with immediate access to the information that they need in a consistent way, regardless of source, be it a CCP, Exchange or Clearing Broker."
Philippe continued. "We have an ambitious implementation plan and speed to market was a key factor in our overall decision making process. Before partnering with MA, we looked at various options including building everything in-
Apart from their overall simplification and automation goals, other major requirements for the bank, include increasing productivity by improving the overall user experience on CCP Exposure monitoring, enabling faster access to relevant detailed information and delivering significantly enhanced business intelligence capabilities by utilising shared integration and dashboard monitoring functions.
Hugh Daly, CEO at Message Automation said. "The relationship with SG CIB is very significant for our business and we are delighted to have been selected to support this new endeavour. As the number of cleared trades grows with mandatory OTC clearing regulations, it is becoming even more complex and expensive for banks to manage these functions effectively in house. Working in close partnership with our clients we have already significantly increased the number of CCPs, Exchanges and Clearing Brokers our solution extracts data from as well as extending the range of data being received from each. These enhanced capabilities makes our offering even more beneficial to multiple areas of the bank including collateral management, operations, risk, house & client clearing, reconciliations, treasury and liquidity management."
MA recently hosted a highly successful, in-
MA will now be hosting these sessions on a regular basis throughout 2017, if you are interested in joining then please get in touch with: email@example.com
MA has been an ISDA member for the past 18 months and truly appreciates the value of the conferences and the insights they offer. The panel will discuss "Collateral Management Solutions: Is Help on the Way?". MA has a proven solution recently implemented at four Tier 1 banks to harmonise clearing data from CCP's, Exchanges, Brokers and Counterparties and we are looking forward to discussing how this supports our clients with effective and efficient management and optimisation of collateral.
If you would like to know more then please get in touch.
Anthony's connections with Message Automation date back to 2006 when MA acquired UCL spinout company Systemwire, together with its ground-
Hugh Daly, CEO at Message Automation said. "We are very proud that our longstanding chairman has been honoured. His support and guidance throughout the years has been invaluable and the entire team here send our heartfelt congratulations and wish him the very best."
Message Automation, the leading provider of Post Trade Control solutions launches a new initiative to support the growing number of buy side firms who are looking to take control of MiFID II, and their other regulatory reporting requirements internally, rather than delegating these responsibilities to brokers or other third parties.
Many financial institutions and buy side firms in particular are seeking ways to leverage the work required in achieving MiFID II compliance by adopting a much more strategic approach to all of their regulatory trade & transaction reporting requirements. This includes consolidating/harmonising the underlying data which can then be used for other purposes. There is also a growing belief that by bringing the reporting procedures in-
Hugh Daly CEO at Message Automation said. "This is without doubt an emerging trend and we are already actively involved in a number of discussions with buy side firms who have all expressed a desire to gain significantly more control in-
David Farmery COO at Message Automation continued. "Our approach is to create a harmonised data layer which utilises an advanced rules-
Hugh Daly concluded. "Irrespective of Brexit, all financial firms must abide by their obligations under UK law, including those derived from EU law and continue with implementation plans for legislation that is still to come into effect. So now more than ever before they need to ensure that their internal infrastructures can be easily adapted to accommodate all future changes not just MiFID or EMIR rules. Our cost effective and highly flexible solutions have been specifically designed to support these needs.”
In a recent report from The Boston Consulting Group, Philipe Morel, global leader of BCG's capital-
London, 6th June 2016: Message Automation harmonises clearing report data for major global banks.
A year ago Message Automation published a white paper 'Hell Freezes Over' highlighting the fragmentation of information in Post-
London, 11th May 2016: Message Automation are proud sponsors of the FOW event taking place at the Crowne Plaza City Hotel later today. David Farmery, COO , is joining the panel discussing ‘Trade and transaction reporting under Mifid II’.
FOW launched this event last year to fill the void of a derivatives focussed Post Trade Event. David Farmery says “As proven #PostTradeControl specialists, we felt it was only right that we were involved. With regulation driving the capital markets , the technological requirements of listed and unlisted derivatives are converging and this has increased the playing field for MA.”
MiFID II is undoubtedly the blockbuster of current times and David looks forward to discussing the increased reporting requirements and address how firms need to process and treat data and in turn achieve #PostTradeControl.
London, Q1 2016: Message Automation release the third instalment of 'MA Dialogue' -
The Client Bulletin is part of our external communications strategy aimed to keep our clients and community abreast of what we are doing, and what we plan to do. We aim to publish these on a regular basis and welcome your feedback and comments for future input. If you would like to be added to our mailing list please contact -
Please click here to download MA Dialogue -
London 20th April 2016: MA hosts their second annual User & Community Group Meeting
On Wednesday last week MA held the second annual User & Community Group at the British Bankers Association on New Broad Street. The user event started in the afternoon and we had representatives from HSBC, Lloyds, Mitsubishi and Ned Bank in Scandinavia. The aim of the afternoon was to look at the different solution sets we offer and discuss how they are being used and share experiences. The conversation and content was really interesting and we are delighted with the results, looking forward we may choose to do the next one via Web-
In the evening we invited the wider MA community along, this is actually the third Community session we have held and the turnout was even better than the last. We asked Nick Hawke from Lysis Financial to talk about the Senior Managers Regime and how senior managers will be ultimately responsible for regulatory obligations. This lead nicely into a lively panel discussion titled 'Building appropriate defences for on-
We would like to take this opportunity to Thank all of users and community who came along and those who took part in the panel session. Also a big Thank you to the BBA and their staff for a fantastic event!
London, 25th February 2016: David Farmery, our COO joins a panel discussion at the MiFID II / MiFIR & EMIR Reporting Conference in London today.
With the current regulatory landscape ever changing the industry as a whole is now relying on peers and known experts more than ever to help clarify the obligations for Sell side & Buy side Firms. This afternoon, David Farmery will be part of a panel which will discuss, "Practical Steps Towards Achieving MiFID II and EMIR Reporting Compliance within the Prescribed Deadlines". MA already have clients signed up for MiFID II reporting as part of a more strategic play across their reporting landscape, we believe that by taking this approach firms can not only satisfy the regulator but also reap benefits from improved efficiency and increased transparency.
If you're not at the event or can't wait until this afternoon -
London, 4th February 2016: Hugh Daly, our CEO joins a panel discussion at the Intelligent Trading Summit (ITS) in London today.
Back by popular demand, ITS attracts influencers from across the financial services trading community. This year the conference includes a session on 'Gaining Control of Post-
London, 28th January 2016: Message Automation -
Plus “A Bridge Over Troubled Waters” white paper available to download, click here
Message Automaton (MA) is pleased to report a highly successful second half of calendar 2015, building on record earnings at the end of their FY2014/2015 trading year in June. June’s numbers showed a revenue jump of over 50% with a 70% growth year on year in recurring revenues from subscription licences.
Since June MA has added a number of new name clients to an already impressive blue chip user community. Highlights include signing up a major tier one U.S. bank who is using MA's unique solution for harmonizing inbound clearing house / broker reports. The company has also extended its coverage in Europe with Banque Cantonale Vaudoise, one of Switzerland's largest Cantonale Banks, who recently announced they had contracted with MA to support their Swiss finFrag reporting requirements.
Hugh Daly, CEO -
MA has long evangelized the urgent need for harmonization across the derivatives trading spectrum, particularly with regard to trade and transaction reporting. This is now becoming even more important with MiFID II and SFTR appearing on the horizon. Most recently the FCA were quoted as saying that the scale of the changes needed for a successful MiFID II implementation are huge and despite the delay until January 2018, firms should continue to prepare, irrespective of the published target date. They also are urging all financial institutions to keep this topic high on the agenda of all senior management.
Daly continues. "We strongly believe that those organisations who are prepared well in advance of any new regulatory deadlines will reap substantial rewards not only in terms of quantifiable cost reductions and improved compliance capabilities, but will also enjoy a significant competitive advantage over those who adopt a 'wait and see' policy’. The continuing onslaught of regulatory mandates is, without question, helping to fuel our growth. In particular the stringent requirements around regulatory reporting changes, for example, EMIR Level 2, and the new jurisdictions have both been significant factors. At the same time we are delighted to report that our recent client’s upgrades have all gone very smoothly and were live in good time for the EMIR Level 2 changes. Looking forward, now that MiFID II planning looks like it is finally underway, not to mention, Mandatory Clearing, Collateral processing and SFTR, we expect there to be even more demand over the coming months."
MA's recently published white paper, ‘A Bridge Over Troubled Waters’, explains their approach to these complex business issues and how to get the best from your trade reporting operations. To download click here
London, 11 January 2016: Message Automation (MA) is pleased to announce that Banque Cantonale Vaudoise (BCV), one of the largest regional banks in Switzerland, is the latest firm to select MA to support their trade reporting requirements.
This new signing means that BCV joins a fast growing number of customers using MA’s comprehensive trade reporting solution and further expands the portfolio of geographical jurisdictions the company’s solutions cover.
MA's trade reporting solution is a proven, rules-
Bernard Angeloz, Deputy Head of Trading at BCV said, "The forthcoming FinfraG Act (Finanzmarktinfrastrukturgesetz) which will regulate derivatives trading in Switzerland is due to come into effect during the second half of 2016. Here at the bank we take our regulatory responsibilities very seriously and believe it is essential that we are fully prepared, well in advance, to efficiently handle all the implications related to this new Act and for any other related requirements that will most probably emerge over time. The FinfraG initiative is strategically very important for the Swiss market, so before engaging with MA, we conducted a very thorough review of all the options available to us. After a stringent evaluation process we decided that the combination of MA's in-
Hugh Daly, Message Automation CEO, commented. "We are delighted to have been selected by BCV to be part of this important project. The seemingly never-
About Message Automation
Message Automation is the leading specialist provider of Post Trade Control solutions. We help clients manage the multiple trade processing challenges created by new regulations and market practices across all asset classes in OTC, ETD and FI markets. Established since 2003, our clients include tier one and two investment banks, regional banks and buy side firms.
BCV is the Canton of Vaud's leading bank for both retail and business customers, as well as one of Switzerland’s top wealth managers. As the community bank of Vaud, its customer franchise, consistently solid financial results and strong balance sheet underpin its status among a handful of banks in the world without government guarantees that hold AA credit ratings from Standard & Poor’s.
For further information please contact Ian Chester at: Ian.firstname.lastname@example.org
Or Tel: + 44 7721 780029
London, December 2nd: Article published in Rocket magazine, The OTC Space -
Hugh Daly, CEO of Message Automation, outlines his company’s philosophy for helping clients achieve harmonisation and control of Post Trade derivatives operations in a pragmatic, efﬁcient and effective manner.
|Post Trade Control|
|Affirmation & Platform Connectivity|
|Inbound Clearing Reports|
|Trade & Transaction Reporting|
|Internal Trade Monitoring|
|MiFID II Reporting|
|SFTR/DF SEC/EMIR Revision|
|Getting Value from Trade Reporting Solutions|
|Dodd-Frank Trade Reporting|
|EMIR Trade Reporting|
|Canadian Trade Reporting|
|Asian Trade Reporting|
|Swiss Trade Reporting|
|South African Trade Reporting|
|Russian Trade Reporting|