Broadridge adds Japan

Article Excerpt

BROADRIDGE FINANCIAL SOLUTIONS $19.17 (New York symbol BR: SI Rating: Extra Risk) (201-714-3000; www.broadridge.com; Shares outstanding: 140.4 million; Market cap: $2.7 billion) has expanded its securities-processing and transaction-clearing services to include Japanese equities, convertible bonds and subscription rights processed by Japanese broker-dealer operations. Through its new Japanese services, Broadridge can generate confirmations and processing reports in both English and Japanese. These services will further broaden its customer base; the Tokyo exchange is the world’s second-largest after New York. Broadridge is still a buy. buy…