Broadridge Shows Blockchain Can Play Instrumental Role in Repo Market
- This new blockchain-enabled solution streamlines the repo agreement and confirmation processes.
Broadridge Financial Solutions, Inc. (NYSE:BR) has completed a test with Natixis and Societe Generale which uses Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology to enhance the operational efficiency and auditability of bilateral repurchase, or repo, agreements.
The developers explain that the pilot utilizes distributed ledger technology capabilities to reduce operational risk for market participants by providing a secure record of repo trade details, reducing the need for reconciliation and removing obstacles to straight through processing. This new blockchain-enabled solution, which automates end-to-end processes, streamlines the repo agreement and confirmation processes, offers a faster and more accurate collateral substitution process, while eliminating time consuming manual interventions, and reduces counterparty risk while increasing auditability.
Vijay Mayadas, Broadridge
“This latest blockchain-based initiative reflects our ongoing commitment to leading the development and implementation of innovative solutions that have the ability to make complex business processes in capital markets firms more secure, transparent and efficient,” said Vijay Mayadas, President of Global Fixed Income and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term at Broadridge. “Within the bilateral repo market, blockchain has shown that it can play an instrumental role in reducing operational cost and complexity.”
“We are pleased to have partnered with Broadridge to initiate the bilateral repo Blockchain process. Our participation in this pilot displays Natixis’ strong commitment to leverage new technologies, aimed at reducing risk and improving efficiencies in the financial markets”, said Kevin Alexander, Head of Global Markets & Investment Banking Americas at Natixis.
“Proving the benefits of blockchain technology in the repo market lays the foundation for the development of broader collateral management solutions on blockchain,” said Jerry Friedhoff, Head of Broadridge’s Securities Finance and Collateral Management group.
Broadridge Financial Solutions, Inc. (NYSE:BR) has completed a test with Natixis and Societe Generale which uses Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology to enhance the operational efficiency and auditability of bilateral repurchase, or repo, agreements.
The developers explain that the pilot utilizes distributed ledger technology capabilities to reduce operational risk for market participants by providing a secure record of repo trade details, reducing the need for reconciliation and removing obstacles to straight through processing. This new blockchain-enabled solution, which automates end-to-end processes, streamlines the repo agreement and confirmation processes, offers a faster and more accurate collateral substitution process, while eliminating time consuming manual interventions, and reduces counterparty risk while increasing auditability.
Vijay Mayadas, Broadridge
“This latest blockchain-based initiative reflects our ongoing commitment to leading the development and implementation of innovative solutions that have the ability to make complex business processes in capital markets firms more secure, transparent and efficient,” said Vijay Mayadas, President of Global Fixed Income and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term at Broadridge. “Within the bilateral repo market, blockchain has shown that it can play an instrumental role in reducing operational cost and complexity.”
“We are pleased to have partnered with Broadridge to initiate the bilateral repo Blockchain process. Our participation in this pilot displays Natixis’ strong commitment to leverage new technologies, aimed at reducing risk and improving efficiencies in the financial markets”, said Kevin Alexander, Head of Global Markets & Investment Banking Americas at Natixis.
“Proving the benefits of blockchain technology in the repo market lays the foundation for the development of broader collateral management solutions on blockchain,” said Jerry Friedhoff, Head of Broadridge’s Securities Finance and Collateral Management group.