Cobalt Expands into Digital Asset Space

FX post-trade infrastructure provider Cobalt is extending its service into the digital assets space to meet growing demand for the service and also as a result of digital assets becoming more entwined with the foreign exchange market. Cobalt says this trend has been accelerated by the decision of US banking regulator OCC (Office of the […]
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Panxora Launches DeFi Hedge Fund

Fund manager Panxora has started accepting subscriptions for the launch of a quantitative hedge fund designed to generate profits from the rapidly growing decentralised finance (DeFi) token market that will start trading on Monday, November 2, 2020. Panxora, a licensed fund manager, has launched the Cayman Island-based DeFi Fund to give investors access to the […]
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BNP Paribas, Digital Asset, Roll Out DLT Apps

BNP Paribas Securities Services has announced a new partnership with Digital Asset to design a number of real-time trade and settlement apps using DAML smart contracts. The new apps will provide market participants in Asia Pacific with real-time access to the Australian Securities Exchange (ASX) and Hong Kong Exchange (HKEX)’s anticipated DLT -based trading and […]
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SGX, CryptoCompare, Unveil Crypto Indices

Singapore Exchange (SGX) has unveiled a partnesrhip with collaborating with UK-based cryptocurrency market data provider CryptoCompare, to launch crypto indices under the SGX iEdge index suite, namely the iEdge Bitcoin Index and iEdge Ethereum Index, as the first batch of such indices. According to research data by CryptoCompare, the total assets under management (AUM) globally of digital asset […]
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Broctagon Launches Crypto Aggregation Tool

Singapore-based Broctagon has upgraded its Nexus 2.0 liquidity aggregator technology to include native altcoin liquidity management – a solution it says allows exchanges to regulate the demand and supply of their native altcoins via algo-automated execution to “achieve healthy liquidity and enhance token tradability”. The firm observes that unlike Bitcoin and major altcoins such as Ethereum and Litecoin, most […]
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ConsenSys Acquires JP Morgan’s Blockchain Platform

Blockchain software company ConsenSys today announced the acquisition of Quorum, an enterprise-variant of the Ethereum blockchain launched by JP Morgan (JPM) in 2016. The two firms have a history of collaboration after leading the creation of the Enterprise Ethereum Alliance, whose aim is to bring a Mainnet Ethereum client, Hyperledger Besu, to the Linux Foundation, […]
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Digital Transformation Should Be Industry, Not Firm, Wide: R3

Enterprise software firm R3 has called for a new, broader approach to digital transformation, which targets entire industries, rather than individual companies. Citing a Broadridge Next-Gen Technology Pulse Survey which found that 97% of companies have benefited from technologies that enable digital interaction and that 99% of companies are now changing their technology strategy and […]
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Gemini Selects Eventus for Surveillance

Cryptocurrency exchange and custody provider Gemini Trust, has selected Eventus Systems’ Validus platform for the exchange’s new trade surveillance solution. The signing marks the sixth exchange in the digital asset space to turn to Eventus for trade surveillance. Gemini has adopted the cloud-based version of Validus on a T+1 basis for market surveillance that identifies […]
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And Another Thing…

We’ll make this quick. The past few days have seen me receive several missives on a bitcoin ‘flash crash’ the weekend before last. I looked it up and as far as I can see the market dropped by around $1000 in quick time and recovered about half the losses. It shows how far bitcoin has […]
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In the FICC of It

There is a controversial start to this week’s podcast as P&L’s managing director Colin Lambert ponders whether the US really does have an “innocent until proven guilty” ethos in its legal system, before debating whether a firm, no last look, order book can really be spoofed? He argues “intention to deal” is fairly easy to […]
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