Phoenix Investment House, the capital market, brokerage, and fund management arm of Phoenix Holdings, has selected the Order Management System (OMS) of Broadridge (NYSE:BR) to drive expansion of international institutional trading on the Tel Aviv Stock Exchange (TASE).
“We are proud to offer direct market access to the Tel Aviv Stock Exchange to our clients, fully managed and hosted by Broadridge in the London Data Center environment,” said Elad Burshtein, CEO of Phoenix’s Brokerage and Portfolio Management platform. “Broadridge’s solution significantly improves the toolkit available to international clients wishing to access the TASE. This strategic partnership is a sign of our commitment to innovation, client service and strategic value creation within Israeli capital markets. This initiative will facilitate greater access for international institutions to the Israeli capital market.”
“With advanced trading tools and reliable technology, Broadridge’s fully hosted OMS will enable Phoenix to deepen its already distinctive institutional value proposition,” said Ofir Gefen, Managing Director EMEA and APAC, Broadridge Trading and Connectivity Solutions.
Macroeconomic trends and the emphasis on operational resilience are leading firms to look for rich functionality and reduced costs of ownership of solutions. Broadridge’s OMS supports high- and low-touch workflows with powerful tools for compliance and a seamless integration to solutions across the trade lifecycle. The OMS is connected to over 200 exchanges with multi asset class capabilities and utilized by over 150 firms and five thousand active traders globally.
