According to Broadridge, the two businesses already have a "strategic relationship," with Baader Bank utilizing the vendor's front and middle office products for trading, order administration, and market access.

Baader Bank provides access to primary market transactions and a range of asset types, including shares, bonds, funds/ETFs, and derivatives.

EMIR (Refit), SFTR, FinfraG, MiFID, and other criteria will all be supported by Broadridge's regtech platform. The vendor claims that the bank's new "holistic reporting solution will ensure a more unified and comprehensive regulatory reporting framework."

Family-owned Baader Bank is based in Unterschleissheim, close to Munich. It works in market making, capital markets, brokerage, fund services, account services, and research services, and it has about 550 employees.

Broadridge is a well-known supplier of investor communications and technology solutions to banks, broker-dealers, asset and wealth managers, public corporations, investors, and mutual funds. It has over 6,700 people spread across 21 countries and generates over $6 billion in sales annually.

UBS, Danske Bank, Maybank Investment Bank, NorthWall Capital, and CGS International are a few of its clients.