Although there has been a lot of hype surrounding blockchain, market participants may have to wait another three to five years before the fruits of their labor are crystallised in the post-trade space, according to a study by the Post Trade Distributed Ledger (PTDL) Group. The PTDL Group, which is global organization, surveyed 45 of… Read More >>
Deutsche Börse Tests Blockchain Waters via Collateral Project
Four international, central securities depositories (CSDs) that are part of the “Liquidity Alliance” (LA) are joining forces with Deutsche Börse to develop LA Ledger, a blockchain/distributed ledger technology (DLT) initiative to ease cross-border mobilization of security collateral. The LA, which includes the Canadian Depository for Securities Ltd. (CDS), Luxembourg-based Clearstream, South Africa’s Strate and the… Read More >>
DTCC-IBM Blockchain Project Could Be Transformative
(Editor’s note: Earlier this month, post-trade infrastructure services vendor DTCC announced that it will be updating the legacy technology of its Trade Information Warehouse (TIW) with blockchain/distributed ledger technology (DLT) and support from IBM, Axoni and R3; IBM will be serving as the prime contractor. This will be a major undertaking as the TIW service… Read More >>
Can a Blockchain Manage Credit Derivatives?
(Post-trade infrastructure systems provider DTCC recently announced that it will be replacing the legacy technology of its Trade Information Warehouse (TIW) with blockchain/distributed ledger technology (DLT). This will be done via the technology and support from IBM, Axoni and R3. The TIW service automates the record-keeping, lifecycle events, and payment management for more than $11… Read More >>
Ops Staffs to Heed the Call of Disruption in 2017
(The word “disruption” has been noted by pundits as one of the most over-used in 2016. However, the term still accurately describes the changes underway in securities operations — and across financial services — that shook multiple groups, disciplines and conventional wisdom. To appease linguists and help operations staffs, FTF News in this final installment… Read More >>
Revisit 2016 via the Top Stories of FTF News
Across the globe, the year 2016 ran the gamut from exhilarating to downright heartbreaking for many people on many, many fronts. For the executives, managers and great foot-soldiers of securities operations, it was a surprisingly eventful year that again underscored the importance of middle- and back-office people, systems and strategies. The year was full of… Read More >>
Deutsche Bundesbank & Deutsche Börse Launch Blockchain Initiative
Germany’s central bank, Deutsche Bundesbank and its national exchange Deutsche Börse, have joined forces to develop a functional prototype for a blockchain/distributed ledger technology (DLT)-based settlement of securities. Stefan Teis, senior vice president for group product and business development at Deutsche Börse, stresses that the “prototype is based on a conceptual study and not intended… Read More >>
Will Blockchain Technology Eliminate Back-Office Jobs?
The media (including FTF News) are excited about the prospects of blockchain/distributed ledger technology (DLT). But a startling moment from the SEC’s seminal FinTech Forum last month (November 14) has opened a view into the anxiety around DLT. It’s a fair question to ask if this promising technology could eliminate back-office processing positions entirely. At… Read More >>
What’s on Your List of Silver Linings?
Perhaps the only consensus that we can reach is that 2016 has been a very challenging year on every front from global and presidential politics to an ongoing death march by beloved celebrities. To a large extent, elections and celebrity deaths have been set in stone by demographics, a little luck, personal choices and maybe… Read More >>
Regs, DLT & Emerging Markets to Reshape Securities Industry
Like scaffolding on a bank building, the securities industry is getting a make-over via the forces of regulation, new technologies and a reinvigorated emerging markets sector, according to the findings of Deutsche Bank and FT Remark, the research arm of the Financial Times, which conducted a survey of 200 financial services industry participants. In particular,… Read More >>
