Tag: DLT

DLT

In the FICC of It

In this week’s podcast, Colin Lambert casts his eye over a new challenge facing Refinitiv Benchmarks over the London 4pm Fix – something he confesses to not have even considered in the past, and then gives his thoughts on a small, but potentially important change at CME Group on its FX Link service. He is […]

Vanguard Advances Blockchain Pilot

Vanguard, in partnership with technology provider Symbiont, announced today the completion of the first phase of a blockchain pilot designed to digitise the issuance of asset-backed securities (ABS). In close collaboration with a large US ABS issuer, as well as BNY Mellon, Citi, and State Street, Vanguard successfully modeled the full lifecycle of an ABS […]

DTCC Unveils Projects to Increase Digitisation in Markets

The Depository Trust and Clearing Corporation (DTCC) has unveiled plans to explore the benefits of digitalisation in the public and private markets and whether new technologies can strengthen post-trade processes and reduce risks and costs. The proposals are contained in two case studies that advance the organisation’s efforts to evaluate new ways to enhance post-trade […]

R3 Powers Italian Banks’ Blockchain Settlement System

Thirty-two banks in Italy have gone live with one of the first real-world deployments of enterprise blockchain technology in interbank financial markets. The Spunta Banca DLT app for interbank reconciliation has been built by the Italian Banking Association (ABI) on R3’s Corda Enterprise platform. “This heralds one of the most significant real-world digital transformations in […]

DTCC Publishes White Paper on DLT Network Security

With the adoption of distributed ledger technology (DLT) expected to grow in financial services, the Depository Trust & Clearing Corporation (DTCC) published a white paper on “Security of DLT Networks”, that recommends establishing a comprehensive, industry-wide DLT Security Framework to review existing security guidelines, gaps in the approach to DLT security, and the need for increased standards. The […]

Four Firms Join CLS’ DLT Service

CLS says that Actinver, BNP Paribas, Citibank and JP Morgan are live on CLSNet, the utility’s standardised, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform. This means there are now nine market participants live on CLSNet, including Bank of America, Bank of China (Hong Kong), Goldman Sachs, Intesa Sanpaolo […]

Knight Joins Baton Systems

Baton Systems, a provider of distributed ledger-based post-trade solutions for capital markets, has appointed Alex Knight as head of EMEA, based in London. Knight spent the last 18 years at Citi, where he held various senior positions in the UK, Asia and Australia, and worked in the bank’s FX prime brokerage business, where he held […]

Are FX Swaps Ready for Blockchain Settlement?

Profit & Loss recently reported on a new venture designed to settle FX swaps via blockchain-based technology. Galen Stops takes a closer look at the genesis and the mechanics of this solution. Having worked in liquidity management at Bank of Ireland and then UBS, Brian Nolan observed firsthand how the regulatory expectations around intraday liquidity […]

And Another Thing…

Without innovation the world stagnates and this is as true in financial markets as anywhere else, however I sense that people are starting to feel a little overwhelmed by the continued fintech revolution – there are, some people suggest to me, just too many ideas out there at the moment and identifying the good ones […]

Report Warns DLT Technology Could Backfire

A new report from Greenwich Associates warns that, if taken too far, distributed ledger technology (DLT) could reintroduce problems financial markets have been working to alleviate for more than 500 years. DLT has been touted as a means of creating new efficiencies in a number of different areas within the financial system, one of which […]