(Industry veteran Duncan Johnston-Watt tells FTF News that the COVID-19 pandemic is actually making a convincing case for financial services firms to embrace a digital transformation. In fact, he says the ripple effects of the pandemic are jolting the acceptance rate at firms. Johnston-Watt is co-founder and CEO of Blockchain Technology Partners (BTP), an enterprise… Read More >>
ISDA’s CDM Pilot Clears Interest Rate Derivatives
Pilot Also Uses the Digital Asset Modeling Language ISDA’s Common Domain Model (CDM) was part of a proof-of-concept implementation that clears interest rate derivatives with the help of an open-source smart contract language, the Digital Asset Modeling Language (DAML) from vendor Digital Asset, officials say. “Using the CDM for clearing and deploying it on a… Read More >>
BNY Mellon Staff to Stay Remote for 2020
BNY Mellon Mum About 2021 Custody bank BNY Mellon is telling its approximately 48,000 staff members across the globe to continue to work remotely for the rest of 2020. “Our top priority remains the health and safety of our employees and our clients,” a BNY Mellon spokesperson tells FTF News. “A majority of our global… Read More >>
BBH to Service Hong Kong’s First Active ETF
BBH to Be Registrar for Active ETF Brown Brothers Harriman & Co. (BBH) has been appointed as the custodian and administrator for the first actively managed exchange traded fund (ETF) domiciled in Hong Kong, officials report. “The ICBC CICC USD Money Market ETF is being launched by China International Capital Corporation (CICC) with ICBC Asset… Read More >>
ISDA Pushes Digital Asset Tool for CDM Adoption
The International Swaps and Derivatives Association (ISDA) has been working with distributed ledger technology (DLT) pioneer Digital Asset to build an open-source reference code library that will help the derivatives industry embrace the ISDA Common Domain Model (CDM), a blueprint for the representation of derivatives trade events and processes. Digital Asset has built “an open-source… Read More >>
Digital Asset Launches Developer Program for Smart Contracts
Digital Asset, a pioneer of distributed ledger technology (DLT) for financial services, is launching a developer program for writing smart contracts via the Digital Asset Modeling Language, an attempt to bring DAML to “a wider audience” that will pave the way for more applications to run via the vendor’s flagship platform. “DAML is the enterprise… Read More >>
