Panmure Gordon Extends Contract to Use Broadridge's Gloss Solution
Panmure Gordon (UK) has signed a multi-year agreement to continue using Gloss, Broadridge’s international securities processing platform.
Panmure Gordon has a 130-year history as a corporate and institutional stockbroker and investment bank, and has been a user of Gloss, on an on-site licensed basis and subsequently using Broadridge’s service bureau, for the past eight years.
Broadridge’s Gloss solution processes Panmure Gordon’s institutional stockbroking business, primarily in the UK and Switzerland. Specifically, Gloss processes the settlement and accounting of Panmure Gordon’s equity trades. It interfaces with Panmure Gordon’s front office system to feed all of its international equity trades into Gloss to ensure seamless processing throughput.
“Gloss has proven to be a cost-effective processing platform for our business and we continue to derive value through Broadridge’s strong, partnership-oriented working relationship with our organisation,” said Nick Cook, head of operations, Panmure Gordon. “Gloss is a scalable solution that allows us to take on new trade flows as and when we need to, while bringing increasing value to our business.”