Denmark-based Danske Bank has selected fintech firm Broadridge Financial Solutions’ multi-asset trading and market making solution, dubbed Tbricks, to support multi-asset trading, pricing, and position management across the bank’s locations.
The principal risk trading and market making solution provides a modular trading platform with an adaptable user interface, robust built-in functionality, and a high degree of customisability.
Tbricks will integrate with the existing systems at Danske Bank.
It will enable the bank to scale and optimise operations, generating the capacity to focus on strategic initiatives rather than technology management, and ensuring long-term cost stability.
Broadridge trading and connectivity solutions EMEA and APAC managing director Ofir Gefen said: “At Broadridge, we’re committed to building a leading suite of innovative and scalable solutions across the trade lifecycle.
“We are excited to expand the services we offer to Danske Bank and to enable them to deliver enhanced front office trading solutions for their clients.”
According to Broadridge, its multi-asset trading platform enables customers to leverage agile systems that allow a high level of interoperability.
The platform will allow them to adapt to change quickly, employ sophisticated trading strategies, and capitalise on business opportunities.
Danske Bank markets and transaction banking global head Claus Harder said: “Implementing a managed solution of Broadridge’s Tbricks for multi-asset trading and market making presents us with the latest in trading technology, as well as a long term partner which over time can expand our offerings within the equities and derivatives trading space.
“After a thorough review of other Fintech and capital markets solution providers, we are excited to expand our longstanding relationship with Broadridge.”
Last week, Danske Bank signed an agreement with Backbase to enhance the former’s digital customer experience.
Through the agreement, the bank gained access to Backbase’s Engagement Banking Platform, a system that will be gradually rolled out across digital channels in the upcoming years.