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Gen-AI Introduced Into Post-Trade LifeCycle Following OpsGPT Launch by Broadridge

Global fintech Broadridge Financial Solutions, Inc. has launched OpsGPT, a new capability for operations users, analysts, and management teams to transform their operations across the post-trade lifecycle.

The new Broadridge service is powered by generative AI (GenAI) and large language model (LLM) technology. OpsGPT uses transactions, settlements and positions data to provide clients with real-time visibility for faster fails resolution. Additionally, it researches the next best actions and prioritises key risk items in a single, easy-to-use interface.

Vijay Mayadas, president of capital markets at Broadridge
Vijay Mayadas, president of capital markets at Broadridge

“OpsGPT is the genAI-powered-copilot that will simplify and optimise trading operations, generating a step change in productivity for operations teams, creating post-trade trade lifecycle event transparency and empowering users to swiftly remediate, reduce, and prevent risks,” said Vijay Mayadas, president of capital markets at Broadridge.

“Leveraging automation to reduce manual intervention through OpsGPT will allow clients to operate at peak efficiency, despite changing regulations and market complexities.”

The new application is a direct response to industry and regulatory changes. Reduced settlement cycles, the continuous quest for efficiency and increasing trading velocity are collectively creating significant stress on firms’ legacy technology and operating models.

Optimising trading through AI

OpsGPT is trained on curated and harmonized data from Broadridge’s global multi-asset post-trade systems which power the clearance and settlement of $10trillion in trades daily. Moreover, Broadridge’s post trade platforms are underpinned by a common data ontology and the highest standards of privacy and confidentiality in handling client data.

The result is an AI tool that can be rapidly deployed for clients and has the power to streamline access, connectivity and understanding of data across multiple asset classes to increase operations productivity.

Broadridge has designed OpsGPT with a strong focus on responsible AI practices. Consequently, it addresses the unique needs and challenges faced by the industry. This genAI-powered application is integrated with Broadridge’s existing global, multi-asset class post-trade solutions. In turn, it allows seamless use for clients globally.

Overall, Broadridge’s AI platform provides the flexibility to choose a model based on specific use case needs, as well as both functional and non-functional requirements. The platform provides a consistent and scalable API interface that makes it easy to switch between different models based on client needs and risk governance processes.

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