UBS Taps Broadridge's New Distributed Ledger Sponsored Repo Solution
Portfolio Pulse from Benzinga Newsdesk
Broadridge Financial Solutions (BR) has announced that UBS has successfully implemented its new sponsored repo solution, built on the Distributed Ledger Repo (DLR) platform. This marks the next phase in the rollout of Broadridge's DLR platform, which aims to provide clients with significant settlement cost savings, process simplification, scalability, and reduction of operational risks via distributed ledger technology and smart contracts.
October 02, 2023 | 7:31 am
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Broadridge's new sponsored repo solution has been successfully implemented by UBS, marking a significant step in the rollout of its DLR platform.
The successful implementation of Broadridge's new sponsored repo solution by UBS signifies a major step in the rollout of its DLR platform. This could potentially attract more clients, leading to increased revenues and a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
UBS has successfully implemented Broadridge's new sponsored repo solution, which could lead to significant settlement cost savings and operational efficiencies.
The successful implementation of Broadridge's new sponsored repo solution could lead to significant settlement cost savings and operational efficiencies for UBS. This could potentially improve its bottom line and have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 75