What You Need to Know
- The Riskalyze Trading platform has been integrated into the Interactive Brokers, Apex Fintech Solutions and RBC Clearing & Custody platforms.
- Broadridge Fi360 Solutions enhanced its Decision Optimizer software for financial advisors.
- Canoe Intelligence completed an extended funding round.
The Riskalyze Trading platform has been expanded to every financial professional leveraging Interactive Brokers, Apex Fintech Solutions and RBC Clearing & Custody.
Now that Riskalyze’s Connected Trading technology has been integrated into those platforms, over 25,000 financial professionals with client accounts can implement their portfolio decisions with “just a click,” it said.
The “deepening” of the relationship between Riskalyze and enterprise firms across the U.S. has been “spurred on by the demand to provide a seamless trading experience for financial professionals” with the Riskalyze Trading end-to-end account monitoring and trading platform, it said.
Connected Trading is Riskalyze Trading’s enhanced delivery solution that the company said “bypasses custodian trade files by routing trades electronically to the clearing platform and automating allocation of traded securities into client accounts.” Connected Trading is now available with the Riskalyze Trading platform at RBC Clearing & Custody and Interactive Brokers.
Broadridge Fi360 Enhances Decision Optimizer
Broadridge Fi360 Solutions introduced an enhanced version of its Decision Optimizer software for financial advisors on Wednesday.
The enhancement was designed to “support wealth and retirement professionals as they address new requirements” associated with the Department of Labor’s Prohibited Transaction Exemption 2020-02 (PTE 2020-02) that take effect Dec. 20, according to Fi360, which was acquired by Broadridge in 2019.
The enhanced capability was also added to help ongoing IRA rollover and related compliance needs, the company said.
The Decision Optimizer tool was first launched in July 2020 in response to the Securities and Exchange Commission’s Regulation Best Interest, and provides a customizable, turnkey solution to help advisors and home-office clients comply with evolving ERISA plan/IRA transfer regulatory requirements.