Waters Rankings 2021: Best distributed-ledger technology provider—Broadridge Financial Solutions
Product: Distributed Ledger Repo
“The launch of Distributed Ledger Repo is the first step in the transformation of the $10 trillion global outstanding bilateral repo market using smart contracts and distributed ledger technology. In the repo market, our platform has shown that distributed ledger technology and smart contracts can play an instrumental role in driving efficiencies, reducing risk and enhancing liquidity while leveraging the existing legal and account frameworks.”
Broadridge Financial Solutions
WHY THEY WON
Broadridge has been an early proponent of DLT. But rather than using the tech as a hammer looking for a nail, Broadridge has been targeted in its approach to DLT deployment, which has helped it to make better use of the technology than some other companies that have tried and failed.
WHAT’S NEW
The platform’s functionality reduces the operating cost and risk of all repo activity, including intraday, overnight and term repos, both on a bilateral and an intracompany basis.
The platform operates through a common data model shared between participants, eliminating the need for reconciliation and reducing fails.
Broadridge’s core enterprise blockchain platform enables a shared source of truth and provides critical privacy, integrity, and authentication, delivering the performance, monitoring, and enterprise-grade support essential to repo markets.
WHAT’S TO COME
Broadridge’s focus is to continue to grow the platform’s network of participants, both on the buy side and sell side.
The company will look to expand the DLR platform functionality to other securities financing areas of the market, such as securities lending.
Broadridge expects to branch out to other assets classes that currently do not have high liquidity profiles.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
AFTAs 2024 winner’s interview: Bank of America
BofA won Best data management initiative in the AFTAs 2024 thanks to its Enterprise DataConnect project.
Bloomberg AIM: Consistently unique in an ever‑changing market
Bloomberg won the Best order management system (OMS) provider category in the 2024 WatersTechnology Asia Awards
Asia Awards 2024 winner’s interview: Bloomberg
Bloomberg's Manju Sakhrani discusses the company's win for its Bloomberg AIM OMS
Buy-Side Technology Awards 2024 winner’s interview: Artificial Intelligence Risk
AI Risk’s AIR-GPT platform earns Best buy-side AI platform or tool (compliance) BST award
AFTAs 2024: Best AI/machine learning initiative—TCW Group
Project name: EU Securitization Regulatory & Compliance
AFTAs 2024: Best IT team—TCW Group
Project name: ETF Launch Project
Buy-Side Technology Awards 2024 winner’s interview: Kaizen
Kaizen’s vice-president discusses the Best market surveillance platform win in this year’s BST Awards
AFTAs 2024: All the winners
Here are the winners of the 27 categories in the 2024 American Financial Technology Awards. This year's multi-category winners are JP Morgan Asset and Wealth Management, Morgan Stanley, TCW Group and Northern Trust.