Swiss bank UBS recently established a FinTech innovation lab that will primarily focus on investigating the applications of cryptocurrency Bitcoin’s underlying technology to the financial services industry. The move is the latest step in what industry observers see as the clear-eyed and widespread acknowledgement by large financial services firms of the technology’s disruptive potential, particularly… Read More >>
Ex-NYSE CEO Joins Tera as Advisory Director
Tera Group, the parent company of the TeraExchange derivatives trading platform, reports the appointment of former New York Stock Exchange CEO Duncan Niederauer as an advisory director. In that capacity, Niederauer will “provide the firm with strategic advice and insight on growth strategies,” according to a Tera statement. “In addition, he will participate in select senior-level client… Read More >>
Cryptocurrencies Gain Ground Amid Real Money
The world of cryptocurrencies is an alternate yet visible reality that is gaining ground slowly but surely amid the established Matrix of supposedly real money. To recap, the main digital/cryptocurrency is the non-political online Bitcoin “backed exclusively by code,” according to the Bitcoin Foundation website. “This means that — ultimately — it is only as… Read More >>
Tera Group & MGT to Propel Bitcoin Exchange via Merger
Tera Group, owner of Bitcoin derivatives bourse, TeraExchange, recently announced plans to merge with online gambling firm MGT Capital Investments, in a bid to drive future growth for TeraExchange, according to officials from both companies. Opening in September of last year, TeraExchange was the first regulated Bitcoin derivatives exchange in the U.S., and also maintains… Read More >>
CFTC Taking Comments on Possible Bitcoin Options Exchange
CFTC officials are asking for public comment on LedgerX’s bid to become the first options exchange and clearinghouse for the crypto-currency bitcoin. If LedgerX is successful, it will be another sign of the growing support for bitcoin-supported transactions. Described as “a non-political online money, Bitcoin is backed exclusively by code,” according to the Bitcoin Foundation… Read More >>
SEF Bolsters Bitcoin Swaps via BitGo
Swap execution facility (SEF) TeraExchange has partnered with Bitcoin security platform BitGo to provide multi-signature, blockchain-based custodial services for USD/Bitcoin swaps executed on its SEF, according to a company statement. “By partnering with BitGo,” the statement says, “TeraExchange is the only player in the industry to provide its market participants with the ability to collateralize… Read More >>
Are You Ready for Bitcoin?
If you haven’t heard of it before, my guess is that you are likely to become more acquainted with the crypto-currency Bitcoin. “As a non-political online money, Bitcoin is backed exclusively by code,” according to the Bitcoin Foundation website. “This means that — ultimately — it is only as good as its software design. By… Read More >>
TeraExchange Has First Bitcoin Derivatives Trade
Bitcoin, the much-debated “virtual currency,” has passed a milestone on the road to more widespread financial-world acceptability with the first Bitcoin derivative transaction executed on a regulated exchange. The transaction has been completed via TeraExchange, the newly regulated exchange, which launched as a swap execution facility (SEF) in October 2013 and completed the CFTC’s self-certification… Read More >>
SEF Launches Bitcoin Derivatives Trading Platform
TeraExchange, which characterizes itself as a CFTC-registered swap execution facility (SEF), has launched the first regulated platform for Bitcoin derivatives and a spot Bitcoin price index. Trading of US dollar/Bitcoin swaps will be subject to the rules and regulations of TeraExchange and the CFTC, according to a company statement. Created in 2009, Bitcoin is a… Read More >>
Bitcoin Exchange Using FIX API
Coinsetter, a low latency bitcoin exchange and electronic communication network (ECN), is the first such company to launch an application programming interface (API) for the Financial Information eXchange (FIX) electronic trading communications protocol, according to a Coinsetter statement. Coinsetter’s FIX 4.4 API allows its customers to connect existing trading systems to a consolidated source of… Read More >>
