Phoenix
Investment House, a division of Phoenix Holdings, is enhancing international
institutional trading on the Tel Aviv Stock Exchange (TASE) by integrating
Broadridge’s advanced Order Management System (OMS). This collaboration
signifies a step in expanding global access to Israeli capital markets.
In a move
to boost its international trading capabilities, Phoenix Investment House has
chosen Broadridge’s OMS. The collaboration will offer direct market access to
TASE, an advantage particularly beneficial for Phoenix’s institutional clients.
Elad
Burshtein, the CEO of Phoenix’s Brokerage and Portfolio Management platform,
emphasized the importance of this partnership, noting Broadridge’s role in
enhancing the trading toolkit for international clients accessing TASE.
“We
are committed to innovation and providing strategic value in Israeli capital
markets,” Elad Burshtein, the CEO of Phoenix’s Brokerage and Portfolio
Management group, said.
The Tel
Aviv market has seen increased foreign investment interest in recent years. By
offering global investors direct market access, Phoenix aims to boost
international trading volumes further. The technology implementation aligns
with Phoenix’s focus on improving operational efficiency.
Seeking to
expand its scope, in 2023, TASE proposed the introduction of cryptocurrency
trading. It also integrated analytical tools provided by TipRanks.
Enhancing Trading Capabilities
Broadridge’s
fully hosted OMS has advanced trading tools and reliable
technology. It is designed to bolster Phoenix’s value proposition to
institutional clients, providing a robust platform for both high- and low-touch
trading workflows. The OMS further offers comprehensive tools for compliance and
seamless integration across various stages of the trade lifecycle.
Ofir Gefen,
the Managing Director at Broadridge, said the partnership enables Phoenix to
enhance its institutional trading offerings. “Israel is an important
market for Broadridge, and we look forward to a lasting relationship with
Phoenix,” Gefen stated.
The
system’s connectivity to over 200 exchanges and multi-asset class capabilities
make it a versatile choice for Phoenix. Currently, Broadridge’s OMS is utilized
by over 150 firms and 5,000 active traders globally.
Broadridge’s Newest
Partnerships
Recently,
HSBC became the second client to implement Broadridge’s distributed ledger
technology (DLT) solution for repo transactions. By leveraging DLT and smart
contracts, HSBC aims to achieve greater efficiency, scalability , and risk
reduction in its operations. Broadridge first launched this DLT repo solution
in October 2022.
In another
recent innovation, Broadridge launched BondGPT+, an AI-powered tool for
processing complex bond-related queries and identifying corporate bonds.
BondGPT+ combines OpenAI’s GPT-4 technology with Broadridge’s proprietary
solutions, allowing enterprises to integrate their data securely. It builds
on BondGPT, a previous AI solution offered by LTX, a Broadridge subsidiary.
Recently, Broadridge reported financial results for the first quarter of its 2024
fiscal year. The company showed strong growth with an increase of 8% in total
revenue to $871 million and a surge of 30% in adjusted earnings per share to
$1.09.
Phoenix
Investment House, a division of Phoenix Holdings, is enhancing international
institutional trading on the Tel Aviv Stock Exchange (TASE) by integrating
Broadridge’s advanced Order Management System (OMS). This collaboration
signifies a step in expanding global access to Israeli capital markets.
In a move
to boost its international trading capabilities, Phoenix Investment House has
chosen Broadridge’s OMS. The collaboration will offer direct market access to
TASE, an advantage particularly beneficial for Phoenix’s institutional clients.
Elad
Burshtein, the CEO of Phoenix’s Brokerage and Portfolio Management platform,
emphasized the importance of this partnership, noting Broadridge’s role in
enhancing the trading toolkit for international clients accessing TASE.
“We
are committed to innovation and providing strategic value in Israeli capital
markets,” Elad Burshtein, the CEO of Phoenix’s Brokerage and Portfolio
Management group, said.
The Tel
Aviv market has seen increased foreign investment interest in recent years. By
offering global investors direct market access, Phoenix aims to boost
international trading volumes further. The technology implementation aligns
with Phoenix’s focus on improving operational efficiency.
Seeking to
expand its scope, in 2023, TASE proposed the introduction of cryptocurrency
trading. It also integrated analytical tools provided by TipRanks.
Enhancing Trading Capabilities
Broadridge’s
fully hosted OMS has advanced trading tools and reliable
technology. It is designed to bolster Phoenix’s value proposition to
institutional clients, providing a robust platform for both high- and low-touch
trading workflows. The OMS further offers comprehensive tools for compliance and
seamless integration across various stages of the trade lifecycle.
Ofir Gefen,
the Managing Director at Broadridge, said the partnership enables Phoenix to
enhance its institutional trading offerings. “Israel is an important
market for Broadridge, and we look forward to a lasting relationship with
Phoenix,” Gefen stated.
The
system’s connectivity to over 200 exchanges and multi-asset class capabilities
make it a versatile choice for Phoenix. Currently, Broadridge’s OMS is utilized
by over 150 firms and 5,000 active traders globally.
Broadridge’s Newest
Partnerships
Recently,
HSBC became the second client to implement Broadridge’s distributed ledger
technology (DLT) solution for repo transactions. By leveraging DLT and smart
contracts, HSBC aims to achieve greater efficiency, scalability , and risk
reduction in its operations. Broadridge first launched this DLT repo solution
in October 2022.
In another
recent innovation, Broadridge launched BondGPT+, an AI-powered tool for
processing complex bond-related queries and identifying corporate bonds.
BondGPT+ combines OpenAI’s GPT-4 technology with Broadridge’s proprietary
solutions, allowing enterprises to integrate their data securely. It builds
on BondGPT, a previous AI solution offered by LTX, a Broadridge subsidiary.
Recently, Broadridge reported financial results for the first quarter of its 2024
fiscal year. The company showed strong growth with an increase of 8% in total
revenue to $871 million and a surge of 30% in adjusted earnings per share to
$1.09.
