Global fintech Broadridge Financial Solutions has launched Tradeverse, a new data platform that the firm says will help trading firms eliminate data silos, and better manage costs, reconciliation, and the quality of their data.

Tradeverse consolidates real-time, multi-asset class data from multiple vendor applications and platforms from orders and executions through settlement into a unified, harmonised data platform.

According to a press statement, "it reduces errors, simplifies access with a common data ontology across front, middle and back office and incorporates robust security to protect sensitive information and maintain data integrity. The clear data structure unlocks insights for all key functions – trading desks, operations, risk, finance, and regulatory - by providing a trusted and transparent data source."

Broadridge says that Tradeverse will be the cornerstone of a number of innovative value-add business solutions that the firm will bring to market in the coming months.