ADP 2004 Annual Report Download - page 13

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11
No industry is more inherently global than financial services. Today, with the
aid of advanced technology, millions of securities are being traded all the time,
everywhere, and irrespective of time zones, geographies and currencies. This year,
ADP supported retail and institutional trade processing in major markets
worldwide, and the scale of our international operations is growing to meet the
heightened global demands of our clients and prospective clients.
In addition to IT outsourcing for international securities processing
through the traditional service bureau of our international brokerage business,
we also extended the range of our business process outsourcing services. This
capability enables clients to outsource to ADP, on a 24/7 basis, many of the
day-to-day tasks typically performed by their back-office staff, such as end-of-day
reconciliation and the management of securities data. Additionally, we have
extended our global processing capability within our outsourced data center
operations. Clients may process trades in many markets and across the three key
processing hubs of the United States, Europe and Asia.
We also expanded our footprint in the global proxy services market
through a joint venture with the Tokyo Stock Exchange and Japan Securities
Dealers Association to provide an electronic voting platform in the Japanese
market. Users will be able to view meeting materials and receive ballots over the
Web, in Japanese or English, and return their votes electronically.
How do ADP clients benefit from utilizing our
leading global solutions for trade processing
and settlement across multiple currencies?
Ask John Kenny,
Senior Vice President,
Director of Operations,
Jefferies & Company, Inc.:
With ADP, we’ve
automated many of our
operation processes,
including international
trade processing. This
enables us to handle
higher trade volume,
decrease our settlement
fail rates, and reduce
our technology costs.”
“