Vanguard, in collaboration with technology provider Symbiont, and in conjunction with Bank of New York Mellon, State Street, and Franklin Templeton, says it is actively exploring the application of distributed ledger technology (DLT) to FX forwards in an effort to increase transparency and workflow efficiencies to the currency market. As part of this pilot, Vanguard has […]
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 […]
There is plenty on the run sheet for this week’s podcast as Galen Stops quizzes Colin Lambert over a report that links FX swaps liquidity and spreads to spot. Lambert confesses to being a little puzzled over some of the statements in the report and willingly confesses to Stops’ accusation of him being an FX […]
For many years, Symbiont deliberately avoided touching FX. But now, having partnered with Vanguard, it is building a decentralised network for FX trading that it claims could represent a major inflection point for the industry. Galen Stops reports. One thing that the team at Symbiont, a blockchain technology company founded in 2013, are adamant about […]
Symbiont, an enterprise fintech company that builds financial markets infrastructure using blockchain technology, has hired Joe Ziccarelli in New York to work in its FICC group. Symbiont’s FICC team leverages Symbiont Assembly – which is a blockchain platform designed to create efficiencies, eliminates manual data replication and reconciliation processes, and enables real-time data sharing with […]
Ten financial services and technology firms leading developments in the digital asset and blockchain space have joined together to create the Association for Digital Asset Markets (ADAM) to establish a Code of Conduct for emerging digital asset markets.
US-based ADAM will proactively seek comprehensive standards for digital asset market participants. The group, which includes BitOoda, BTIG, Cumberland, Galaxy Digital, Genesis Global Trading, GSR, Hudson River Trading, Paxos, Symbiont and XBTO, says it will work with current and former regulators to provide rules for the efficient trading, custody, clearing and settlement of digital assets.
Future guidelines will encourage professionalism and ethical conduct by all market participants, increase transparency by providing information to regulators and the public, and deter market manipulation, the group stated.
Symbiont, a provider of smart contracts and distributed ledgers in financial markets, has appointed Caitlin Long as its president and chairman of the board of directors. In these roles Long will be responsible for commercialising Symbiont’s blockchain technology, encompassing business strategy and client relationships. Long brings 22 years of experience on Wall Street to Symbiont, […]