Broadridge, a prominent FinTech firm, has introduced a ChatGPT-style Large Language Model designed to streamline back office operations and mitigate settlement fails.
The offering, known as OpsGPT, has been strategically launched in response to the evolving market landscape, particularly the transition of major markets to a T+1 timeline for settling trades.
This shift adds pressure to back offices, demanding increased efficiency in handling high-velocity trading flows.
The solution utilises transactions, settlements, and positions data to offer clients real-time visibility. This empowers operations teams with faster fails resolution, research capabilities for next best actions, and prioritisation of key risk items – all accessible through a single interface.
OpsGPT is trained on curated and harmonised data from Broadridge’s global multi-asset post-trade systems, ensuring robust and reliable performance.
It serves as the GenAI-powered co-pilot, simplifying and optimising trading operations. Its capabilities generate a significant boost in productivity for operations teams, fostering transparency in post-trade lifecycle events. The model enables users to swiftly remediate, reduce, and prevent risks by leveraging automation to minimise manual intervention.
Vijay Mayadas, president of capital markets at Broadridge, said, “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. Leveraging automation to reduce manual intervention through OpsGPT will allow clients to operate at peak efficiency, despite changing regulations and market complexities.”
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