The UK stock brokerage market is about to welcome a new participant - Japan's SBI Securities, which is partnering with Broadridge Financial Solutions to launch its services in the region. This move is built upon the existing relationship between the two companies, as Broadridge has already handled SBI Securities' Japanese stock trading in Hong Kong and Singapore.

SBI Securities, through its UK subsidiary SBI NewSpring International Limited, will utilize Broadridge's ASP cloud environment to streamline its operations and offer enhanced services to its clients. Adoption of Broadridge's Swift service bureau will automate SBI NewSpring International Limited's Swift messaging workflows with its custodians.

Ichiro Takahashi, Global Operations Director of SBI Securities, stated that this partnership enables them to enter the UK market swiftly and confidently.

Takahashi added, "Using Broadridge's global post-trade processing and Swift workflow standards enables us to offer attractive opportunities for SBI Securities' clients as we expand globally."

The collaboration between the two companies began nine years ago when Broadridge's post-trade processing solution was first implemented by SBI for its core fixed-income trading. Mike Sleightholme, President of Broadridge International, added, "We are delighted to further expand our relationship with SBI Securities for the benefit of their clients in the UK."

For Broadridge, this marks another collaboration in the Japanese market in the past month. In March, local brokerage Matsui Securities implemented the fintech firm's cloud solution to simplify stock lending.

The company launched an advanced derivatives trading technology platform designed specifically for institutional clients a month ago. The software-as-a-service platform, named Broadridge Futures and Options, aims to revolutionize the trading experience for buy-side clients while providing valuable trading activity and risk management insights for sell-side firms.

The launch of this new platform is a strategic response to the growing demand in the derivatives market, which has seen a surge in trading volumes. The rollout of Broadridge Futures and Options follows the company's strong financial performance in the second quarter of its 2024 fiscal year.

Broadridge reported a significant 9% increase in total revenue, reaching $1.405 billion. The company's recurring revenue also saw a notable growth, rising 7% year-over-year to $899 million. Adjusted for constant currency, this growth rate robustly reached 6%, highlighting Broadridge's ability to thrive in a rapidly changing market environment.

In addition to internal developments, Broadridge is actively establishing strategic partnerships to expand its influence and capabilities. The company recently partnered with Baader Bank to leverage its regulatory trading and transaction reporting platform.