The European Commission has confirmed a one-year delay to the introduction of new trading rules for capital markets firms under the MiFID II regime.
Markit has acquired syndicated loan technology from JPMorgan in a bid to ease third party connectivity issues for market participants and shorten loan settlement timeframes. Financial terms were not disclosed.
European clearing and settlement agency Euroclear has called on financial market participants to collaborate and embrace the long-term potential of blockchain technologies for cutting IT costs and driving down post-trade and securities servicing fees.
Goldman Sachs and IBM have jumped aboard Digital Asset Holdings' recent investment round, taking the blockchain startup's haul to more than $60 million.
JPMorgan has begun a trial project to test the use of blockchain technology in its loan trading operations, according to a report in the Financial Times.
The Depository Trust & Clearing Corporation (DTCC) has pitched itself as the coordinator of an industry-wide investigation into whether distributed ledger technology is the answer to "certain limitations" in the post-trade process.
Digital Asset Holdings, the blockchain startup helmed by former JP Morgan luminary Blythe Masters, has raised more than $50 million in a funding round joined by some of the biggest names in financial services, including Citi, Deutsche Börse and Santander InnoVentures. One of the investors, the ASX, has also handed Digital Asset a contract to design a post-trade settlement system using distributed ledger technology.
Bank-backed blockchain collaboration outfit R3 has announced the completion of a distributed ledger experiment involving eleven of the world's largest financial institutions.
Financial data outfit Markit has agreed to buy the position reconciliation technology assets of Loan/Serv from the Depository Trust & Clearing Corporation (DTCC). Financial terms have not been disclosed.
Pascal Bouvier, newly installed as a venture partner with Santander Innoventures fintech venture fund, dusts off his crystal ball and peers into the not-too-distant fintech future.
Nasdaq is claiming a major step forward in the use of blockchain technology in capital markets after documenting a successful private securities transaction via its distributed ledger-based Linq platform.
© Finextra Research 2016