First Abu
Dhabi Bank (FAB) has selected Broadridge Financial Solutions to power its
global agency securities finance business, marking an expansion of securities
lending capabilities in the UAE and broader Middle East region. The partnership
coincides with Broadridge’s launch of a pioneering AI-powered algorithmic
trading insights service.

Broadridge Powers FAB’s
Securities Finance Push

The
collaboration with FAB introduces the region’s first AWS SaaS deployment for
securities finance, leveraging Broadridge’s Securities Finance and Collateral
Management (SFCM) solution.

This move
positions FAB to enhance its global fixed income and equities market coverage
while adhering to local regulatory requirements and international standards.

“The
commitment of both FAB and Broadridge to bring innovative products and
solutions to market and to simplifying and innovating trading,” said
Darren Crowther, Head of Securities Finance and Collateral Management, Broadridge.
“This collaboration caters for the growing demand for securities lending
and borrowing within the Middle East and is aligned both with local regulatory
needs and with international best practices.”

The
deployment stands out as the region’s first Amazon Web Services (AWS)
Software-as-a-Service implementation for securities finance. FAB’s initiative
is expected to create opportunities for institutional clients seeking securities
lending capabilities.

In the
meantime, the company acquired the Kyndryl Securities Industry Services (SIS)
platform to strengthen its position in the Canadian financial services sector.
The acquisition is expected to expand Broadridge’s offerings, focusing on
enhanced solutions for wealth management and capital markets.

Launches AI Trading
Service

In a
parallel development, Broadridge has unveiled its AI-powered algorithm insights
service for NYFIX, designed to change algo trading for asset managers and hedge
funds. The service leverages AI technology to analyze public and private data,
offering higher accuracy in dark pool liquidity mapping and algorithmic
execution optimization.

“Algo
traders will now have a quantitative, data-driven service to power critical
trading decisions” said George Rosenberger, Head of NYFIX, Broadridge Trading
and Connectivity Solutions. “By harnessing the power of AI and historical
insights, we’re giving our clients the tools they need to navigate complex
markets with greater precision and confidence. This innovative solution not
only optimizes trading strategies, but also reduces costs, making it an
invaluable asset for the buy-side .”

The new
NYFIX service incorporates decades of research from industry veterans Jeff
Alexander and Linda Giordano, whose work at Babelfish Analytics established
industry standards for routing dynamics and algorithm selection. Initially
available for U.S. equities trading, Broadridge plans to expand the service
across other asset classes and regions.

Moreover, LTX, Broadridge Financial Solutions’ AI-powered trading platform,
announced a partnership with e-trading technology provider TransFICC. The
collaboration provides dealers with an integration pathway via TransFICC’s One
API for eTrading platform, aiming to streamline processes and address
challenges in the fixed-income trading sector.