Danske Bank adopts Broadridge’s Tbricks for multi-asset trading and market making
Denmark’s Danske Bank has selected Broadridge’s Tbricks solution to enhance its multi-asset trading, pricing and position management processes.
Danske Bank partners Broadridge for trading solution
The trading and market making solution was acquired by Broadridge through its May 2021 takeover of Swedish technology provider Itiviti.
Danske Bank is now integrating Tbricks into its existing trading systems in the hope of further streamlining its operations and enhancing its capabilities after also deploying United Fintech’s trading technology, Netdania, for charts and data visualisation in December.
Claus Harder, global head of markets and transaction banking at Danske Bank, says the company’s “long-term partner” Broadridge can “expand our offerings within the equities and derivatives trading space” through the integration of Tbricks.
Elsewhere within its organisation, the bank recently went live with the Engagement Banking platform of Dutch digital banking solutions provider Backbase to enhance the consumer experience of its digital channels. It also selected the AI-led Topaz solutions of Indian digital services provider Infosys in June to upgrade its IT operating systems.
US-headquartered Broadridge says its partnership with Danske Bank has strengthened amid an increasing demand among capital markets firms for trading solutions that champion speed, accuracy and flexibility.
Supporting agile, interoperable systems, it says Tbricks enables partners to “adapt to change quickly, employ sophisticated trading strategies and capitalise on business opportunities”.
