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 >>
IBM to Help DTCC Upgrade TIW to DLT
Post-trade infrastructure systems provider DTCC will be updating the legacy technology of its Trade Information Warehouse (TIW) with distributed ledger technology (DLT) and support from IBM, Axoni and R3, officials say. The TIW service automates the record keeping, lifecycle events, and payment management for more than $11 trillion of cleared and bilateral credit derivatives, according… 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 >>
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 >>
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 >>
SEC to Explore DLT at Nov. 14 Fintech Forum
Second SEC Panel Focuses on Clearing and Settlement SEC officials and industry participants will explore distributed ledger technology (DLT) and other IT innovations impacting trading, settlement and clearing via a panel session during the regulator’s Fintech Forum, slated for Nov. 14, at the SEC’s headquarters in Washington, D.C. The forum, which is open to the… Read More >>
SETL, Cobalt DL to Create FX Post-Trade DLT Solution
Two distributed ledger technology (DLT) pioneers SETL, a London-based financial blockchain specialist, and Cobalt DL, a private peer-to-peer network provider, have joined forces via a new partnership intended to yield a post-trade platform for foreign exchange (FX) transactions. “In June 2016, SETL announced the launch of our blockchain-powered OpenCSD platform, which enables any market participant… Read More >>
