(This past December, Symbiont collaborated with State Street Corp. and Vanguard on a live test of a margin calculation process that is central to the transaction of a 30-day, foreign exchange forward contract. At the heart of the transaction was Symbiont’s distributed ledger technology (DLT) platform Assembly, which has been the focus of the trio… Read More >>
ACA Compliance Group to Acquire Cordium
Acquisition to Expand ACA’s Services in Europe ACA Compliance Group reports that it will acquire Cordium, a provider of governance, risk and compliance (GRC) services. ACA, a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity, expects the transaction to close this summer, subject to regulatory approvals…. Read More >>
Schroders Hires from UBS Wealth Management
Schroders Creates Head of Global Sales Position Global asset manager Schroders has appointed Daniel Imhof head of global sales, a newly created position. This new post “reflects the increasing complexity of clients’ needs and their requirement for specialist knowledge,” Schroders says in a statement. Imhof, who will be based in London, will report to John… Read More >>
Bloomberg Becomes an Official LEI Distributor
LOU Accreditation Comes in Time for MiFID II Bloomberg, which made its fortune in market data, trading systems and news, is stepping into the Legal Entity Identifier (LEI) realm as an accredited Local Operating Unit (LOU) of the Global LEI System (GLEIS), officials say. The company has received “approval to issue and maintain” LEIs, and… Read More >>
Goldman Sachs Vet Joins ICAP
ICAP Fills Post for Post-Trade Development Unit Interdealer broker and post-trade vendor ICAP reports that it has appointed Stuart Connolly head of client product development for its post-trade risk and information (PTRI) division. Connolly will report to Jenny Knott, PTRI CEO, and will be based in London. His mandate is to “work with each of… Read More >>
Symbiont Attracts Industry Luminaries to Board
Daniel Gallagher and Todd Ruppert Join Symbiont’s Board of Directors Symbiont, a smart-contract and distributed ledger technology (DLT) start-up based in New York City, has named former SEC Commissioner Daniel Gallagher and Todd Ruppert from T. Rowe Price to its board of directors. Gallagher served as commissioner of the SEC for four years before being… Read More >>
Credit Suisse, Ipreo, Symbiont, R3 Finish First Step for Syndicated Loan Blockchain
Blockchain Proof of Concept Effort Will Go On Credit Suisse, Ipreo, Symbiont and R3 have completed the successful initial stage of a project to demonstrate how blockchain technology can be used to improve the syndicated loan market, officials say. The proof of concept will continue throughout the year and will includes participation from agent banks,… Read More >>
Morgan Stanley Veteran Takes Top Post at Symbiont
Symbiont Names New Chairman and President Symbiont, which specializes in smart contracts and distributed ledgers in financial markets, reports the appointment of Caitlin Long, former managing director in global capital markets at Morgan Stanley, as president and chairman of the board of directors. Long will be responsible for “commercializing” Symbiont’s blockchain technology, which the company… Read More >>
Why Nasdaq and Symbiont Vie for Blockchain Firsts
The rush to the first-mover status via Blockchain technology is heating up between Nasdaq and Symbiont, the maker of the Smart Securities platform for trading, clearing, settling and transferring financial instruments. These early adopters are vying for key milestones in securities operations that can be transformed by the Blockchain distributed ledger technology that underpins the… Read More >>
Symbiont Unveils Blockchain-Based ‘Smart Securities’
Symbiont, a new startup that aims to streamline financial markets by marrying them with Blockchain technology, unveiled its flagship Smart Securities platform on Tuesday. The company will be competing with a number of other start-ups offering Blockchain-based platforms for trading, clearing and settling securities, but Symbiont’s executives say their long history working with Bitcoin will… Read More >>
