Broadridge Financial Solutions has launched a global futures and options software-as-a-service (SaaS) platform aimed at transforming order and execution management capabilities for sell-side institutions and expanding its existing derivatives trading capabilities.

The new platform will enable the delivery of new functionalities for global institutions operating in the futures and options agency execution business and offers a “distributed architecture that enables operations from any jurisdiction and benefitting from Broadridge’s broader multi-asset class trading and operations offering,” the company said.

The platform aims to address the “fragmented experiences for buy-side clients and challenges for sell-side firms in gaining a comprehensive view of trading activity and risk management” by enabling the latter to customize each workflow channel while ensuring a consistent experience for the former.

It also integrates workflows and data with automation to facilitate regulatory changes and enable greater transparency and utilization of analytics.

“While existing systems often lack the flexibility required, Broadridge’s Futures and Options platform stands out for its modular and flexible deployment capability, addressing industry demands head-on,” said Ray Tierney, president of Broadridge trading and connectivity solutions.