There’s a move afoot to take the crypto out of cryptocurrency. How? Simply by pegging its value to the value of the fiat currency issued by a country’s central bank. Those not-so-crypto digital currencies are called “central bank digital currencies” or CBDCs. “Many countries are developing CBDCs, and some have even implemented them,” say our… Read More >>
Lockdown Hit Dealers Harder Than Buy Side: Survey
Sell-side firms had a tougher time with post-trade operations during the depths of the pandemic-induced lockdown. But buy-side firms had their Ops woes too, according to a new report from the DTCC, the major post-trade infrastructure services and systems provider for the securities industry. Not surprisingly, the report finds that “cash fixed income and cash… Read More >>
ECB Issues Warning Call About Blockchain
The sheer fact that the European Central Bank (ECB) is examining the use of the distributed ledger technology (DLT) for the Eurosystem’s market infrastructure has put blockchain firmly on the financial map. However, more work needs to be done to see whether this shared database — originally developed for cryptocurrency Bitcoin and used to secure… Read More >>
