Cameron, an independently owned full service broker, signed a multi-year contract with Broadridge for the processing of its equities brokerage processing operations.
Under the agreement, Cameron will use Broadridge’s Australian broker client accounting system, Summit, to automate the processing lifecycle of its equities operations for both domestic Australian and international traded securities from trade capture through to confirmation, position management, multi-currency books and records, clearing house reporting and settlement. Summit will also provide integrated processing for corporate actions.
In addition, Cameron will also use Summit’s suite of service adapters for local market connectivity. This includes connectivity to the Australian Stock Exchange (ASX) ITS order processing service, the ASX Chess settlement service, and IRESS for ETC allocation and confirmation.
