Broadridge Financial Solutions, Inc. announced that Questrade selected Broadridge's technology processing platform and integrated product solutions to support its transition to a self-clearing operating model in Canada. Broadridge's unique, customizable and scalable Business Process Outsourcing (BPO) solution will also provide back-office operations and support. The agreement minimizes Questrade's fixed-cost investment in technology and operational infrastructure while also creating new revenue-generating opportunities.

Questrade can now more efficiently and rapidly scale while also improving alignment between utilization and cost as trade volumes fluctuate. Questrade selected Broadridge to be the core provider of the self-clearing strategy because of Broadridge's expertise in operations services and their ability to integrate multiple processes into a highly automated, simple-to-manage system. The partnership was established in September and the implementation of the new solution was completed in December.