(Anoushka Rayner, head of growth — commodities, at Paxos, maker of a regulated blockchain and tokenization infrastructure platform, wants financial services firms to think about how their dormant assets like gold could become collateral alternatives to the U.S. dollar. Paxos officials say that their system, which offers “multilateral payment netting and simultaneous settlement for the… Read More >>
Life After the Crypto Winter
As the winter of our discontent with cryptocurrencies continues, it’s clear that changes have to be made and that the next crypto spring will either not happen at all or it will be a radical rejection of the Wild West status quo. One path is an outright ban. Some like Charlie Munger, the vice chairman… Read More >>
CBA Invests $15M in Xpansiv’s Carbon Market Plans
Carbon-trading markets and exchanges were the rage in 2008 particularly during the heated U.S. presidential campaign when even right-of-center candidates were embracing the concept. However, the Great Recession, right-wing and left-wing extremists, and strident groups of all kinds stopped any positive movement on the carbon-trading front. No realistic alternatives to carbon-trading venues and systems took… Read More >>
HTG Capital Buys Three of Kottke’s Businesses
HTG, Kottke to Form a ‘Strong Team’ HTG Capital Partners, a liquidity provider for listed and over-the-counter (OTC) derivatives instruments, is slated to acquire the introducing broker, money management and proprietary trading businesses of Kottke Associates, creating “a strong team” to take on the futures industry, say officials. HTG and Kottke Associates, which is a… Read More >>
FCM360 Promotes for Head of ETRM/CTRM Wares
FCM360, a provider of trading system hosting and exchange connectivity, has promoted Ron Villarin, a former NYMEX energy trader and broker, to head its expanded energy trading and risk management and commodity trading and risk management (ETRM/CTRM) operations, according to a company statement. FCM360 got its start serving the high-frequency, low-latency, foreign exchange (forex) trading… Read More >>
