--- title: Broadridge Expands European Fund Regulatory Reporting description: Virtu’s portfolio transaction cost calculation capabilities have been added. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-across-the-pond-May-12-2022-09-34-04-71-AM.png --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/broadridge-expands-european-fund-regulatory-reporting#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Data Management](https://articles.marketsmedia.com/tag/data-management) - Data Management - Broadridge Expands European Fund Regulatory Reporting Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/broadridge-expands-european-fund-regulatory-reporting#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 03.25.2021 By Shanny Basar Data Management # Broadridge Expands European Fund Regulatory Reporting 03.25.2021 By Shanny Basar ![Broadridge Expands European Fund Regulatory Reporting](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-across-the-pond-May-12-2022-09-34-04-71-AM.png) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/broadridge-expands-european-fund-regulatory-reporting) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/broadridge-expands-european-fund-regulatory-reporting) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/broadridge-expands-european-fund-regulatory-reporting) Global Fintech leader  Broadridge Financial Solutions, announces the expansion of its European fund regulatory reporting solution with the integration of transaction cost calculation services from financial products, trading and market-making services provider Virtu Financial . The Broadridge and Virtu offering will provide a more efficient and comprehensive solution for asset managers to disclose transaction costs as they fulfil MiFID II and PRIIPs fund reporting requirements. Since MiFID II and PRIIPs regulations began in January 2018, asset managers have been required to disclose portfolio transaction costs for their funds. This information is intended to provide investors with an understanding of the costs incurred that are attributable to the buying and selling of securities within a fund. Adding Virtu’s portfolio transaction cost calculation capabilities to Broadridge’s existing MiFID and PRIIPs reporting solutions will address a number of the challenges that asset managers face, including collating arrival price data for their funds in an efficient and effective manner. Based on extensive testing and portfolio modelling, Broadridge anticipates it can improve the coverage of transaction cost data points by over 50% for clients. “The enhanced portfolio transaction cost calculation service will be of real benefit for our clients who have been searching for a solution to help them more efficiently calculate and disclose transaction costs,” said Paul Poletti-Gadd, Chief Solutions Officer at Broadridge Fund Communication Solutions. “This partnership with Virtu will provide clients with multiple benefits, including a reduction in time and resources for the asset managers internally, improved coverage levels for their funds and more support in meeting their regulatory requirements. For our clients, there is a further advantage in that this enhanced data set can then be utilised across the full range of our fund reporting solutions.” “We are delighted to have joined forces with Broadridge Fund Communication Solutions to support asset managers with their fund reporting,” said Kevin O’Connor, Global Head of Analytics at Virtu Financial. “We are one of the early innovators and a current market leader in transaction cost analysis and are able to support Broadridge clients not only with their future portfolio transaction costs but also with historical calculations.” Broadridge Fund Communication Solutions provides a comprehensive digital platform and has a proven track record of supporting the life cycle of fund data, documents and regulatory reporting for the global asset management industry. The team manages and distributes data for over 1,000 global fund groups and supports over 200 million fund data requests each year, in over 35 languages. Source: Broadridge [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/broadridge-expands-european-fund-regulatory-reporting) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/broadridge-expands-european-fund-regulatory-reporting) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/broadridge-expands-european-fund-regulatory-reporting) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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