Americas Executions (AmerX), a full-service broker-dealer and member of the New York Stock Exchange (NYSE), has taken a significant step in expanding its operations by implementing Broadridge Financial Solutions’ Securities Finance and Collateral Management (SFCM) platform. This move aims to support the launch and growth of AmerX’s securities lending division.
AmerX Leverages Broadridge’s SFCM Platform for Securities Lending
Broadridge’s SFCM platform offers a range of advanced tools designed to streamline securities lending processes, manage collateral efficiently, and enhance risk management. By adopting this technology, AmerX hopes to improve transparency, ensure compliance with regulations, and offer a broader array of products to meet growing client demands.
Kevin Cryan, Managing Director and Head of Securities Lending at AmerX, expressed enthusiasm about the integration: “Broadridge’s cutting-edge solution provides the essential system functionalities we need to introduce new products and services that address our clients’ evolving needs. This is vital for our business growth.”
Adapting to Industry Shifts
The securities finance industry is currently undergoing significant changes as financial institutions shift towards self-clearing models and introduce innovative products to diversify revenue streams. Broadridge’s SFCM platform is designed to meet these evolving market needs by providing efficient workflows and flexible pricing structures, making it an ideal solution for AmerX’s new securities lending initiative.
“The comprehensive and scalable design of the SFCM platform will help AmerX strengthen its operations and drive growth in today’s rapidly changing financial environment,” said Darren Crowther, Head of Broadridge Securities Finance and Collateral Management.
As a front-to-back SaaS solution, Broadridge’s SFCM platform caters to both buy-side and sell-side markets, supporting securities lending, repurchase agreements (repo), and collateral trading. AmerX operates under Lucid Capital Markets and is registered with the SEC and FINRA.
Key Executive Appointments at Broadridge
In addition to AmerX’s adoption of its platform, Broadridge has also made several high-profile executive appointments in recent months, positioning itself for further growth and innovation.
In August 2024, Simon Robertshaw joined as Chief Technology Officer for Trading Solutions. Based in London, Robertshaw will focus on enhancing Broadridge’s front-office trading capabilities across both sell-side and buy-side markets, covering a variety of asset classes.
Earlier in July, Broadridge appointed David Runacres as President of Asia-Pacific (APAC), where he will lead the company’s operations in the region and serve as Senior Country Officer for Japan, a key market in Broadridge’s expansion plans. Meanwhile, in June, Roz Smith was named Chief Operating Officer of Broadridge International, collaborating with President Mike Sleightholme to strengthen the company’s presence in Europe, the Middle East, Africa (EMEA), and Asia-Pacific.
These appointments followed the hiring of Brian Pomraning in September as Chief Product Officer for Trading and Connectivity Solutions. Pomraning will oversee Broadridge’s global product management team and lead the company’s trading and connectivity offerings.
