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
Women in Technology & Data Awards 2025 winner’s interview: Kaja Zupanc (Duco)
Kaja Zupanc won the Data science professional of the year (vendor) category in the 2025 Witad Awards.
Witad Awards 2025: Risk professional of the year—Anne Leslie, IBM Cloud
Anne Leslie, cloud risk and controls leader for EMEA at IBM, wins risk professional of the year in the 2025 Women in Technology and Data Awards.
Women in Technology & Data Awards 2025 winner’s interview: Maureen Downs (Connamara Technologies)
Interview with Connamara Technologies co-founder, Maureen Downs.
Buy-Side Technology Awards 2024 winner’s interview: FactSet
Video discussion on FactSet’s trio of wins in the 2024 BST Awards
Witad Awards 2025: Vendor professional of the year (business development)—Ripple Bhullar, Kyndryl
Ripple Bhullar, vice president, head of US capital markets and diversified, at Kyndryl, wins vendor professional of the year (business development) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Technology leader of the year (vendor)—Mary Cecola, Broadridge Financial Solutions
Mary Cecola, CTO for asset management at Broadridge Financial Solutions, wins technology leader of the year (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Trailblazer (Lifetime achievement) award (vendor)—Maureen Downs, Connamara Technologies
Maureen Downs, co-founder and chair of Connamara Technologies, wins the Trailblazer (Lifetime achievement) award (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Legal/compliance professional of the year—Devi Shanmugham, Tradeweb
Devi Shanmugham, global head of compliance at Tradeweb, wins legal/compliance professional of the year in the 2025 Women in Technology and Data Awards.