Trades executed on Broadridge’s blockchain-based repo platform


Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that DRW, Societe Generale and another global tier 1 bank have successfully executed intraday repo transactions on Broadridge’s Distributed Ledger Repo (DLR) platform.

These latest transactions build on the momentum of DLR’s first intraday repo transaction in April 2023 and further expands the network across the global repo community.

“We’re happy to be part of bringing a new trade type to the market that could help facilitate intraday liquidity needs.” said Greg Zielinski, COO, Societe Generale Americas. “By meshing distributed ledger technology with existing market settlement infrastructure, we can help usher in new flexibility for our clients via a secure and compliant channel.”

“We look forward to further developing the Intraday Repo Market, and we are excited to be part of this network,” Mark Wendland, COO, DRW said. “Intraday repo allows us added flexibility to manage liquidity and help maximize use of capital, which was previously limited by…

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