Broadridge Selected by Questrade for New Self-Clearing Model

LAKE SUCCESS, NY, Jan. 29, 2013 /CNW/ - Broadridge Financial Solutions, Inc. 
(NYSE:BR) today announced that Questrade selected Broadridge's technology 
processing platform and integrated product solutions to support its transition 
to a self-clearing operating model in Canada. Broadridge's unique, 
customizable and scalable Business Process Outsourcing (BPO) solution will 
also provide back-office operations and support. 
The agreement minimizes Questrade's fixed-cost investment in technology and 
operational infrastructure while also creating new revenue-generating 
opportunities. Questrade can now more efficiently and rapidly scale while also 
improving alignment between utilization and cost as trade volumes fluctuate. 
Questrade selected Broadridge to be the core provider of the self-clearing 
strategy because of Broadridge's expertise in operations services and their 
ability to integrate multiple processes into a highly automated, 
simple-to-manage system. 
"Questrade is focused on transforming online brokerage services by providing 
our clients with the best investment products, trading technology, and client 
services," said EdwardKholodenko, 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 
The partnership was established in September and the implementation of the new 
solution was completed in December. 
About Broadridge: 
Broadridge is a technology services company focused on global capital markets. 
Broadridge is the market leader enabling secure and accurate processing of 
information for communications and securities transactions among issuers, 
investors and financial intermediaries. Broadridge builds the infrastructure 
that underpins proxy services for over 90% of public companies and mutual 
funds in North America; processes more than $4.5 trillion in fixed income and 
equity trades per day; and saves companies billion annually through its 
technology solutions. 
For more information about Broadridge, please visit 
About Questrade: 
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, 
direct access trading in the U.S. and Canadian stock and options markets 
through its IQ trading platforms, as well as forex trading. Since 1999, the 
company has led the industry in delivering outstanding service, exclusive 
products and services, and competitive pricing. This commitment to innovation 
has appealed to independent investors, and for the past two years, the company 
has ranked as Canada's fastest growing online brokerage. In February, 2012, 
Questrade also earned the designation as one of Canada's 50 Best Managed 
Media Contacts 
Kelly M. Howard Broadridge +212-981-1347 
Krista Eccleston Edelman +212-704-4438   
SOURCE: Broadridge Financial Solutions, Inc. 
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CO: Broadridge Financial Solutions, Inc.
ST: New York
-0- Jan/29/2013 12:00 GMT
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