DRW and Societe Generale become latest banks to trade on Broadridge鈥檚 Distributed Ledger Repo platform, following first cross-border trades executed in April
The Canton Network is designed for institutional assets and built to unlock the potential of synchronised financial markets. Currently, 29 participants have joined the network, including EquiLend, BNP Paribas, Digital Asset and Deutsche B缨rse Group
The Switzerland-based firm says the implementation enables CATFP to set a new standard through its operational model that combines principal trading for securities, derivatives, FX and crypto markets
The intraday trade marks the launch of the next phase in the rollout of Broadridge鈥檚 Distributed Ledger Repo platform, which was first launched in June 2021
The joint venture aims to accelerate end-to-end automation of proxy voting to Japanese issuers and enable the Japanese market to improve corporate governance practices
Guillaume Bunouf has become senior sales director of Broadridge鈥檚 capital markets solutions to aid the firm in identifying new opportunities in France, Belgium, Luxembourg and areas of Switzerland
Saudi Arabia-based financial institution SNB Capital will incorporate Broadridge鈥檚 Securities 麻豆影视传媒 and Collateral Management solution to grow the coverage of its securities services offering on local assets
Integrating their respective end-to-end processing solutions, the firms indicate that users of the service can streamline processes and strengthen operational efficiency throughout the proxy voting lifecycle in South Africa
The solution aims to provide firms with an efficient, streamlined process throughout the vote processing lifecycle. With an automated and digital approach, Broadridge says the solution will reduce exposure to operational and regulatory risk
Collateral scarcity may no longer be a talking point for the industry in 2023 and market participants could begin to see a return to pre-financial crisis markets, said Gareth Jones, CEO of Euroclear GlobalCollateral