Standard Chartered’s VC Unit Partners with Northern Trust Standard Chartered via SC Ventures and custodian Northern Trust are launching an “institutional-grade” custody solution for cryptocurrencies to help financial services firms invest in cryptocurrency-based assets, officials say. The custodian support is in response to the growing demand for cryptocurrency-based assets that will need support for transaction… 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 >>
Wall Street Heavyweights Back Open Source Project for Blockchain
Blockchain technology, with distributed-ledger potential that has excited much of the financial services world, has gotten a big boost from the Linux Foundation, the San Francisco-based open source nonprofit founded in 2000, which reports the launch of a broadly based open source initiative. “The project will develop an enterprise grade, open source distributed ledger framework… Read More >>
Numerix Boosts System Performance via Intel Hardware
Numerix, a provider of cross-asset analytics systems, reports that running a key platform with the support of the Intel Threading Building Blocks (Intel TBB) Library has boosted performance and enabled Numerix users to write parallel programs that take full advantage of the chipmaker’s multicore capabilities. Through a strategic relationship, development teams at Numerix and Intel… Read More >>
JPMorgan and OpenLink Fill CFO slots as Intel’s CEO Exits Early
JPMorgan Chase Moves Consumer CFO into Bigger Role JPMorgan Chase & Co. has expanded the reach of Marianne Lake, the current chief financial officer (CFO) of the bank’s Consumer & Community Banking business. Starting next year, Lake will become CFO for all of the bank and a member of the Operating Committee, officials says.Lake will… Read More >>
