FTF News is happy to announce a big step for us and we hope a major boost to what we are providing to you — we will be the exclusive media partner for ISITC throughout 2019. As you know, the ISITC industry trade group has made a major commitment to foster standards and best practices… Read More >>
Could We Please Avoid the ‘The Blockchain Wars?’
Many industry observers are expecting the blockchain/distributed ledger technology (DLT) movement to yield real-world results (and tests) this year, which is making some entrenched concerns nervous and some rebels very happy. In fact, we reported on how HSBC has been using a DLT implementation internally to settle more than three million foreign exchange (FX) transactions… Read More >>
HSBC Uses DLT to Internally Settle FX Transactions
HSBC has been using distributed ledger technology (DLT) internally to settle more than three million foreign exchange (FX) transactions and to make more than 150,000 payments worth $250 billion, signaling that many of the industry’s DLT explorations will start to show results in 2019 especially for operations where the technology is a good fit. “This… Read More >>
Volatility to Rock Timid Markets in 2019: Report
Global financial services markets are entering a “post-credit crisis” era marked by the fact that easy-money policies are ending, interest rates are heading up while markets are swinging down and a new volatility will rock this timid new world in 2019, according to predictions from Greenwich Associates. In its new report, the market research firm… Read More >>
Brevan Howard Uses AcadiaSoft for IM Management
A Major Buy-Side Firm Embraces AcadiaSoft’s IMEM AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives market, reports that Brevan Howard has been added to the users of AcadiaSoft Hub’s Initial Margin Exposure Manager (IMEM). As one of the first buy-side firms that falls within the scope of Phase Three of… Read More >>
DLT Passes Canadian Tests for Ops Usage
A little over a week ago, news broke that Payments Canada, the Bank of Canada, TMX Group, Accenture and R3 have been able to show that distributed ledger technology (DLT), the ballyhooed blockchain framework at the core of Bitcoin and other crypto-currencies, has passed an initial test of its ability to facilitate equity clearing and… Read More >>
‘Fidelity Digital Assets’ Launches to Service Crypto-Assets
Asset management giant Fidelity Investment is jumping into the crypto-asset fray with the launch of Fidelity Digital Asset Services, which will offer custody and trade execution services for crypto-currency-based instruments managed by institutional investors such as hedge funds, family offices and market intermediaries. “Fidelity believes that distributed ledger technologies [DLTs] can enable entirely new business… Read More >>
DTCC’s Test Results Show that DLT Can Scale
The DTCC has gotten an answer to a nagging question about distributed ledger technology (DLT): Can it scale? The answer after nearly five months of investigation is that DLT can support average daily trading volumes of 115 million transactions. But more work will be needed before the post-trade infrastructure and services provider knows whether DLT… Read More >>
World Bank, CBA Launch First Blockchain-Managed Bond
The World Bank recently broke ground with a bond launch that is being completely managed via blockchain/distributed ledger technology (DLT) and represents a key step forward in the institution’s strategy to harness disruptive technologies. The blockchain operated new debt instrument, or “bond-i” is described as “the world’s first bond to be created, allocated, transferred and… Read More >>
BMO Capital Markets Explores Blockchain for Fixed Income
Pilot Involves Canadian Dollar Fixed Income Issuance Transaction BMO Capital Markets has successfully launched a pilot project for a fixed income issuance transaction that is “mirrored on a blockchain platform alongside leading pension fund investor Ontario Teachers’ Pension Plan (Ontario Teachers),” officials say in a prepared statement. “The transaction included Bank of Montreal as… Read More >>
