Broadridge Introduces Tradeverse for Enhanced Data Management

​Broadridge Financial Solutions Inc. has launched Tradeverse, a new data platform designed to improve data management for trading firms. The platform aims to address issues related to data silos and streamline data handling across different operational areas.

Tradeverse integrates real-time data from various sources, including orders, executions, and settlements, into a unified platform. It features a common data ontology that simplifies data access and reduces errors, while also incorporating robust security measures to protect sensitive information.

Hugh Daly, Head of Data and AI for Capital Markets at Broadridge, noted, "A Tradeverse implementation we've recently completed with a global bank is proving the power of harmonizing trade data. The solution delivers efficiencies for their regulatory reporting and compliance teams, allowing direct access to the data for business users initiating complex searches using natural language."

The platform is also being used by a top ten capital markets firm in conjunction with Broadridge's Generative AI tool, OpsGPT, to enhance productivity and improve analysis in settlement processes. Tradeverse aims to address challenges in data management and support various AI initiatives.