The Financial Stability Board (FSB) has published a proposed framework for the international regulation of crypto-asset activities. Elements of the FSB’s proposed framework include “recommendations that promote the consistency and comprehensiveness of regulatory, supervisory and oversight approaches to crypto-asset activities and markets and strengthen international cooperation, coordination and information sharing; and revised high-level recommendations for… Read More >>
SIBOS Explores a Shared Digital Future
The multiple impacts of digital assets and the digitization of traditional assets got plenty of attention at the first in-person version of the Sibos conference since 2019 that got underway earlier this week in Amsterdam. Put on by the SWIFT cooperative, Sibos 2022 was expecting “nearly 10,000 participants,” according to officials. The conference sessions, which… Read More >>
Kim Kardashian Faces Harsh Crypto Realities
A reality star is facing the harsh truths of the world of cryptocurrencies and digital assets, and the consequences of a busy regulator who is closely watching celebrities endorsing a garden variety of cryptocurrencies, tokens, and other digital assets as securities. The SEC has just settled with reality star Kim Kardashian “for touting on social… Read More >>
Overbond Launches A.I.-Based Margin Optimization & Other News
Overbond Adds A.I.-Based Functions to Trading Engine Overbond, a vendor focused on automation for credit trading, reports that it has added an artificial intelligence-based margin optimization function to its automated trading system to help sell-side, fixed income desks “optimize their hit ratio and increase the profitability of automated fixed income trading,” officials say. Currently, automated… Read More >>
Nasdaq Overhauls Its Corporate Structure & Other News
Nasdaq Sets Up Three New Divisions Nasdaq has announced that it is reorganizing its business units into three divisions that better reflect “the foundational shifts” of the global financial system and will help the exchanges company better serve client needs. The three new business divisions are Market Platforms, Capital Access Platforms, and Anti-Financial Crime, officials… Read More >>
Nasdaq Launches a Digital Assets Business & Other News
Nasdaq Establishes a Custody Solution for Digital Assets Nasdaq reports the launch of a new business that it says will “power the digital asset ecosystem.” The new business “underpins Nasdaq’s ambition to advance and help facilitate broader institutional participation in digital assets by providing trusted and institutional-grade solutions, focused on enhanced custody, liquidity and integrity,”… Read More >>
Broadridge Links NYFIX to Coinbase Prime & Other News
Broadridge & Coinbase Target Buy-Side Firms Broadridge Financial Solutions is partnering with crypto exchange Coinbase to provide an integrated solution that enables NYFIX clients to route order flow to Coinbase Prime via the FIX protocol for electronic trading, officials say. The partnership will also allow “buy-side traders to source crypto liquidity from Coinbase and trade… Read More >>
Corporate Actions Meets DLT via SWIFT & Other News
American Century, Citi & Vanguard Join SWIFT Project SWIFT, the global financial messaging, systems, and services cooperative, reports that it is “collaborating with seven securities players — including asset managers and custodians American Century Investments, Citi, Vanguard and Northern Trust — to drive efficiencies in communicating significant corporate events.” The corporate actions project is based… Read More >>
Crypto’s Winter Eases Some Related Crime Levels: Report
Cryptocurrency markets have been having a tough time. Bitcoin, the best known coin in the crypto piggy bank, traded at an all-time high of over $65,000 per coin November 2021, according to data compiled by Statista. But that was then. Earlier this month, Celsius Network, a crypto “bank,” filed for bankruptcy after its customers lost an… Read More >>
DTCC’s ‘Project Ion’ Hits a Milestone & Other News
DLT System Settles 100,000 Transactions Per Day The DTCC’s alternative settlement platform based on blockchain/distributed ledger technology (DLT), Project Ion, has achieved a new threshold — it’s parallel processing more than 100,000 bilateral equity transactions daily and almost 160,000 transactions on peak days via the DTCC subsidiary, the Depository Trust Company (DTC). “The goal of… Read More >>
