The companies, products and regulatory developments shaping the broker industry.
Approximately $123 million of the company’s $587.6 million revenue increase came from postage rates, demonstrating why total growth is not a pure measure of technology demand.
Broadridge moved from a $45.8m digital-asset gain to a $40.2m loss, an $86m swing larger than the decline in GAAP net earnings. Separately, an $18m postage pass-through supplied about 23% of revenue growth.
The proposed integration links tokenized ownership to meeting notices, verified voting entitlements, proxy channels and issuer records, but the NYSE platform remains subject to regulatory approval.
Kalshi event contracts are live through CQG’s front ends and APIs; an expansion to the NYFIX institutional network is described as a further distribution pathway.
Monthly settled volume edged above September, while average daily transactions fell to $345bn from $359bn. The distinction tempers the headline growth in tokenised repo throughput.
The integration links token holders to voting on the underlying US shares through existing proxy infrastructure. Direct digital-wallet authentication is described as a later development.
Fiscal first-quarter revenue reached $1.67 billion, but operating income declined. A digital-asset loss replacing a prior-year gain also widened the gap between reported and adjusted earnings.
Broadridge, Computershare, Equiniti and Superstate join NYSE’s transfer-agent network, but agreements to support issuer-sponsored tokens are not an approved live exchange.
Mike Cowley will lead Broadridge’s Global Proxy business permanently after six months as interim general manager, with responsibility for operations, client service and institutional-governance capabilities.
The September launch spans issuance, trading, settlement, servicing and custody. Broadridge’s quoted $350 billion of daily activity belongs to its existing DLR repo service, not to DLX.
CQG users gain an event-contract trading route through front ends and APIs; the NYFIX extension is still prospective.
The September expansion builds on Canadian and institutional launches earlier in 2026. Its operating proposition covers statements, tax processing, asset servicing and the records linking digital holdings to customer accounts.