Broadridge Financial Solutions, a provider of services, systems, and software for securities operations, reports that its Distributed Ledger Repo (DLR) platform hit a record $385 billion in daily repo transactions during October, a record increase of 492 percent over $65 billion in transactions processed in October 2024. In addition, the results last month are 13… Read More >>
UBS Joins Broadridge’s Platform for Repo Transactions
Broadridge Financial Solutions has gotten the endorsement of Swiss banking giant UBS for a distributed ledger repo (DLR) platform that promises participants greater liquidity, less risk, and reduced operation costs, officials say. Vendor officials say that the DLR system provides a single platform for market participants to agree, execute and settle repo transactions. “Under a… Read More >>
