Broadridge, a provider of technology-based outsourcing solutions to the financial services industry, and Beacon Capital Strategies, which operates a marketplace dedicated to providing liquidity and electronic trading in the less-liquid fixed-income market, today announced a multi-year strategic alliance. The alliance is meant to help the firms serve their clients who actively trade less-liquid fixed-income securities including agency mortgage-backed securities, asset-backed securities, and collateralized mortgage obligations.
Broadridge is a fixed-income securities processing provider that currently handles on average more than $3 trillion in notional value of U.S. fixed-income securities transactions daily. Beacon established the first trading platform tailored to he less-liquid fixed-income market, which is open to all participants on an anonymous and equal basis. This alliance will help the firms' clients locate difficult-to-find securities in the less-liquid fixed-income segment, thereby enhancing liquidity and efficiency to the overall marketplace.
By using Broadridge's impact and MBS Expert products and Beacon's Trade Discovery platform, clients will be able to search through less-liquid fixed-income securities, find the other side of the trade for instruments that meet specific investment criteria, and transact on liquidity that otherwise would not be publicly advertised in current trading channels.