Broadridge processed $7.6 trillion in October... $8 trillion in July

Broadridge Financial Solutions’ ($BR) distributed ledger-based repo platform DLR processed $7.6 trillion in October, up from $7.5 trillion in September but below July’s $8 trillion peak, with average daily volume of $345 billion versus $359 billion in September and $365 billion in July. The monthly and daily figures both declined from the July highs, according to the company’s November 6 press release. The platform’s scale matters as a bellwether for blockchain-based settlement in the massive repo market, where Broadridge is one of the few live distributed ledger deployments among major financial infrastructure providers. Watch whether volumes recover toward the July record as year-end funding pressures build, and for further disclosure on DLR’s client base and settlement volumes.