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Questrade selects Broadridge's solutions for self-clearing operating model
[January 30, 2013]

Questrade selects Broadridge's solutions for self-clearing operating model


Jan 30, 2013 (Datamonitor via COMTEX) -- Questrade Inc., a provider of direct access trading, has selected technology processing platform and integrated product solutions from Broadridge Financial Solutions, Inc., a provider of investor communications and technology-driven solutions, to support its transition to a self-clearing operating model in Canada.



Broadridge's Business Process Outsourcing (BPO) solution will also provide back-office operations and support.

"Questrade is focused on transforming online brokerage services by providing our clients with the best investment products, trading technology, and client services," said Edward Kholodenko, Questrade, president and CEO. "Broadridge's BPO solution provides the reliability and functional integration needed to serve our growing business, and seamlessly helped Questrade transition to a self-clearing model. The solution provides us with the scalability to continue innovating and delivering value for our clients." "Our objective was to help Questrade provide their clients with a more efficient and responsive brokerage experience," said Michael Dignam, president, Broadridge, Canada. "Broadridge's BPO model provides cost savings, scale, and industry leading best practices to help our own clients grow their business." The partnership was established in September and the implementation of the new solution was completed in December.


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