Broadridge has introduced OpsGPT, a ChatGPT-style Large Language Model designed to enhance back office operations and reduce settlement failures.
This innovative module leverages transactions, settlements, and positions data to provide clients with real-time visibility, enabling quicker resolution of failures, facilitating the research of optimal next steps, and prioritizing critical risk items within a single interface.
OpsGPT is built on carefully curated and harmonized data from Broadridge’s global multi-asset post-trade systems, which handle the clearance and settlement of $10 trillion in trades each day.
The launch is particularly timely, as key markets transition to a T+1 settlement timeline, increasing the pressure on back offices to manage high-volume trading flows.
Vijay Mayadas, president of capital markets at Broadridge, remarked, “OpsGPT is the GenAI-powered co-pilot that will simplify and optimize trading operations, significantly boosting productivity for operations teams while enhancing post-trade lifecycle event transparency. This empowers users to quickly address, minimize, and prevent risks. By utilizing automation to reduce manual intervention, OpsGPT enables clients to operate at peak efficiency amidst evolving regulations and market complexities.”