Broadridge Partners with BMLL on Pre-trade Analytics

Broadridge Financial Solutions has entered a strategic partnership with BMLL Technologies in a bid to integrate pre-trade analytics into its global sell-side, and Japanese buy-side, trading participants.  According to a story in The Trade news, Broadridge is integrating BMLL’s pre-trade analytics into the firm’s sell-side global order management system (OMS) and buy-side execution management system (EMS) – Xilix – in Japan as it seeks to provide clients with new pre-trade capabilities.  The integration is set to enable clients of both workflows to gain immediate access to advanced analytics at the point of order entry, allowing traders to receive predictions on insights including execution time, market impact, participation rates, spread costs and risk exposure.  Additionally, the integration now allows Broadridge’s OMS and Xilix EMS to provide their clients with a wider offering, spanning average daily volumes by trading session, real-time average volume at time (AVAT), remaining volume at time (RVAT) and dynamic execution timing assessments. The firms have also said that the combined offering will address common challenges facing trading participants, such as navigating multiple venues, liquidity profiles, fast-changing trading patterns and market volatility.