Digital Gamma Develops Repo Protocol for Cryptocurrency

Digital Gamma announced today its newest offering, TPR (Tri-Party Repo). The firm says that by using the TPR protocol, two counterparties can engage in a borrow/lend transaction with greater transparency and reduced capital requirements, lowering risk and cost as compared to current market solutions. Ari Pine, co-founder of Digital Gamma, says: “Repo sits at the […]
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LedgerX Founders Placed on Administrative Leave

LedgerX co-founders and senior executives, Paul Chou and Juthica Chou, have been placed on administrative leave by the board of directors of the platform’s parent company, Ledger Holdings. The board has installed Larry Thompson, formerly vice chairman of the Depository Trust & Clearing Corporation (DTCC), as interim CEO and lead director of the firm. Paul […]
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In the FICC of It

This week’s podcast starts with a bombshell that leaves Galen Stops reeling and lost for words before he and Colin Lambert get into the details with a look at the results of the first day of the Global FX Committee’s deliberations this week. Lambert highlights one of two challenges he believes the committee face, not […]
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Institutional Crypto is Coming

Major financial institutions will move into the crypto space, despite the fact that many of them have avoided it thus far, argues David Mercer, CEO of LMAX Exchange Group, in a new video interview with Profit & Loss. “We’d be kidding ourselves if we said the last 12 months haven’t been static in crypto land,” […]
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Crypto Custodian Expands Connections

London-based Copper, a custodian for digital assets, says it has expanded its Walled Garden infrastructure and is now connected to the top 15 crypto exchanges, thus providing its customers with access to a larger liquidity pool. The company says its trade and settlement volumes have increased 50% month-on-month, and that it has processed $500 million […]
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LMAX Digital Begins Publishing Daily Volumes

LMAX Digital, the spot cryptocurrency exchange owned by LMAX Exchange Group, has started publishing its daily trading spot volumes on the exchange’s website. The firm says that its decision to start publishing its volumes will add greater transparency around real spot volumes traded daily in the industry. The volumes represent all trades based on credit […]
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Avelacom Launches Cloud Solution for Crypto Connectivity

Avelacom, a global connectivity and IT infrastructure provider, has launched its multi-cloud connectivity solution to help simplify and accelerate how traders connect to cryptocurrency exchanges.  It delivers secure, direct, low latency access to cryptocurrency exchanges hosted in Alibaba Cloud, Amazon Web Services (AWS), Microsoft Azure and Google Cloud platform.    Proprietary trading firms, hedge funds and […]
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BIS Opens Innovation Hub in Singapore

As flagged in a release earlier this week, the Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) have officially launched the BIS Innovation Hub Centre in Singapore, marking what the BIS says is its first expansion of its global footprint in 17 years. The hub will, BIS says, foster innovation and greater collaboration […]
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Is the Future Digital?

We pulled together six leaders in the digital assets space to discuss the future of money at Profit & Loss Forex Network Chicago. During the ensuing hour, the panelists discussed whether or not we are at a turning point in the digital debate. Analysing whether or not the future will be digital seems obvious – […]
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CME, Bakkt, Outline Bitcoin Option Details

CME Group has released details of its options on bitcoin futures, which were announced in September and are targeted for launch in Q1 2020. As expected, each contract is to be based on one of CME’s bitcoin futures contracts, which in turn consists of five bitcoin, and will be settled into one futures contract when […]
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