Vijay Mayadas, President of Capital Markets at Broadridge, added:
Source LinkedIn
Société Générale is an innovator in capital markets, and we’re excited to welcome them onto to this award winning DLR platform. Broadridge continues to drive the transformation of repo market infrastructure with the distributed ledger technology repo platform via the utilization of smart contracts to digitize the trade agreement between counterparties and leveraging digitized assets to reduce settlement cycles.
DLR is built on Broadridge’s fixed income platform that processes more than T per day. Emerging distributed ledger and smart contract technology coupled with existing operational account structure functionality, enables real-time securities mobility in the repo market at scale. According to Broadridge, this technology will result in a more efficient market infrastructure and increased capital velocity.
Earlier in May, Broadridge reported Q3 FY22 revenue up 10% to $1,534 million.
