Is the last bastion of the “traditional” FX market about to be overrun? Talking to market participants and technology providers, Colin Lambert is starting to think that market structure change in FX swaps is, finally, upon us In terms of false starts, the restructuring of the FX swaps market has, over the past decade and […]
The US Office of Financial Research (OFR) has released its new US repo markets data prototype, a publication of daily data on repo markets. It has also unveiled the Short-term Funding Monitor, an interactive tool that provides a more complete view into short-term funding markets. Trillions of dollars in repo agreements trade hands daily in […]
Colin Lambert reviews a new paper from the Bank for International Settlements’ Monetary and Economic Department, which suggests the direct links between liquidity conditions in FX spot and swaps markets are getting stronger – and that regulation is having a serious impact on the FX market’s functioning. At face value, the phrases “…the pricing of […]
Market and regulatory reforms are forcing buy side firms to look for new ways of accessing collateral, funding and liquidity, according to a new report from BNY Mellon and PWC.
Based on a survey that 120 buy side respondents with a combined $12 trillion in AUM participated in, the report claims that “access to high-quality collateral, funding and liquidity is not only a pressing concern, but has emerged as the essential new performance driver for the buy side”.
The current challenge with accessing these is twofold.
R3 has raised $107 million in the first two of three planned tranches in its Series A fundraising round. This represents the largest single investment in a firm providing distributed ledger technology (DLT) services to date.
According to data from CoinDesk, which tracks venture capital (VC) investment in blockchain and bitcoin focused firms, only Coinbase, Circle Internet Financial and 21 Inc, have now raised more VC money than R3. However, none of these firms are exclusively focused on DLT and in some cases they have clearly conducted more fundraising rounds.