MAS & Google Launch Climate FinTech Initiative The Monetary Authority of Singapore (MAS) and Google Cloud report that they are launching an initiative “to drive the innovation, incubation, and scaling of climate FinTech solutions in Asia.” The Point Carbon Zero Program is “a collaboration under MAS’ Project Greenprint,” that will spur climate FinTech solutions to… Read More >>
Deutsche Bank’s NYC Lab to Explore AI & Cybersecurity
Deutsche Bank officials have opened an innovation lab in New York City that they say is their fourth globally, and will be focused on several IT areas including artificial intelligence (AI), cloud technology and cybersecurity. The lab is located in Lower Manhattan’s Fulton Center and will enable the bank to “access a leading innovation ecosystem… Read More >>
SEF for Rolling Hemp-Backed Trades Joins FinTech Sandbox
Seed CX, a Chicago-based, new swap execution facility (SEF) for trading hemp as a commodity, has just been selected by the FinTech Sandbox to join its community of innovators, an opportunity that follows shortly after the CFTC approved the SEF. The SeedCX SEF’s mission is to help agricultural market participants to hedge risk and to… Read More >>
Blurred Lines: OTC Reforms for Voice Trading
(Editor’s note: This is the online version of the story appearing in the Fall 2014 edition of FTF News magazine, which will be available on the website later this month. The print edition of the magazine debuted at the SIBOS 2014 conference and exhibition in Boston last week. The event, put on by financial messaging… Read More >>
SEFs Get More Time to Prep for Block Trades
Swap execution facilities (SEFs) that are still sorting out credit screening and straight through processing requirements for block trades got a reprieve from the CFTC when the regulator’s Division of Market Oversight (DMO) issued time-limited, no-action relief last week. The time-limited relief via a no-action letter for SEFs and block trades will last until Dec…. 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 >>
CFTC Delays Swap Package Execution as SIX Financial Launches FATCA Service
Bowing to industry concerns, the CFTC has delayed a requirement that swap packages be transacted via swap execution facilities (SEFs), and has clarified that the mandatory SEF-based trading of interest rate swaps and index credit default swaps will begin on Feb. 15. Swap packages were granted a reprieve from the SEF mandate via a no-action… Read More >>
