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Broadcort® is recognized as one of the leading
providers of clearing and execution services to U.S. Broker Dealers.
Our top priority is to deliver our clients customized solutions
by providing the latest technological advances coupled with a commitment
to exceptional client service. As a division of Merrill Lynch, Broadcort
has the resources to support even the most complex business requirements.
Broadcort understands your need for flexible, integrated solutions
that cover the full range of clearance, execution, financing and
operational requirements and is prepared to deliver the solutions
necessary for you to excel in today’s marketplace.
Broadcort’s institutional clearing services include equities, options,
fixed income and international securities. We offer a secure internet
product, Broadcort Online
(BCOL), hosted on the Merrill Lynch MLXtm portal. BCOL
applications support electronic downloads of all brokerage related
information and provides clients with real-time intra-day monitoring
of activity and settlements with the ability to view real-time status
of all customer trades from input through affirmation and settlement,
real-time street reconciliation, online DVP account opening for
equity and fixed income products with an interface to Omgeo ALERTsm
, integrated straight through processing solutions for block trade
allocations with interfaces to Omgeo OASYS and OASYS Global, robust
reporting tools and access to client statements and trade confirmations.
Broadcort Online also offers the ability to customize client reports
through our flexible web-based adhoc report writer, providing additional
report customization services. Broadcort Customer Portalsm
is the end-clients portal for important account information.
The end-clients of our broker-dealers can access this portal to
obtain client statements, confirms and other account related information.
Broadcort provides direct market access via ML
X-TRADE to U.S. equity and options exchanges, ECNs, and other
liquidity providers. Options orders can be routed through our proprietary
smart routing engine, which directs orders to the exchange displaying
the National Best Bid or Offer (NBBO). Broadcort provides innovative
trading solutions through state-of-the-art, customized technology
platforms and interfaces for the full spectrum of your trading activity.
We have one of the most extensive equity and options order routing
infrastructures available in the marketplace today. In addition,
we offer the flexibility to interface your proprietary or third
market trading systems to Broadcort’s routing network for access
to all of our execution destinations.
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