Latest Post-trade & ops News: Finextra Research

Blockchain-based trade matching engine gets the nod from ING

Dutch bank ING believes the days of mismatched trading tickets could be drawing to a close after conducting tests of a blockchain-powered trade confirmation platform in partnership with Calypso and the R3 consortium.

01 August 2017

News/Post-trade & ops

Mizuho and NRI use AI to eliminate tedious derivative contract procedures

Japan's Mizuho Bank has been working with Nomura Research Institute (NRI) on the use of artificial intelligence to eliminate lengthy and complex derivative contract procedures.

01 August 2017

News/Post-trade & ops

Euroclear backs away from gold bullion blockchain project

Euroclear has walked away from a blockchain partnership with Paxos for the London gold bullion market that was set to go into live production later this year.

28 July 2017

News/Post-trade & ops

Machines could take over 30% of bank jobs: McKinsey

Robots, artificial intelligence and other forms of automation could take over almost a third of investment banking jobs within just a few years, according to a recent report from consultant McKinsey.

21 July 2017

News/Post-trade & ops

Corporates rally round Swift gpi

Six leading Swiss corporates with international operations - including ABB, Nestle, Roche, SBB, Swiss Re and Wurth – have issued an open letter in support of Swift's global payment innovation initiative to improve the speed, transparency and predictability of cross-border payments.

19 July 2017

News/Post-trade & ops

Liquidshare DLT joint venture formed by seven-strong finance consortium

A Paris-based consortium of top-rank financial firms are to pool resources in the establishment of a joint venture company that plans to use distributed ledger technology to ease the post-trade processing of SME lending operations.

11 July 2017

News/Post-trade & ops

BNP Paribas loads first share registers on to blockchain platform

BNP Paribas Securities Services and crowdfunding outfit SmartAngels have loaded the share registers of five of their clients onto a new platform designed to allow private companies to issue securities on the primary market and give investors access to the secondary market using blockchain technology.

05 July 2017

News/Post-trade & ops

Commerzbank steps up focus on trade finance transformation

Commerzbank is to work with the Fraunhofer-Institute for Material Flow and Logistics (IML) in Dortmund to test and develop new scenarios for digitisation of trade and supply chain finance using distributed ledgers and the Internet of Things.

04 July 2017

News/Post-trade & ops

Banking consortium awards Digital Trade Chain contract to IBM

Seven of Europe’s largest banks have selected IBM to build and host a new trade finance platform using Big Blue's Hyperledger Fabric.

27 June 2017

News/Post-trade & ops

Asset managers failing to adapt to digital world

Less than half of global asset managers and asset owners think that they are adapting technology quickly enough to support their business growth needs, according to a survey from State Street.

27 June 2017

News/Post-trade & ops

Fifteen startups selected for EBAday Fintech Pavillion

Finextra and the Euro Banking Association have selected 15 of Europe's most promising startups to present their ideas to banking delegates attending EBAday 2017, the continent's leading payments and transaction banking event.

02 June 2017

News/Post-trade & ops

Singapore opens up on DLT trials

Singapore is pushing ahead with its investigation into the use of a tokenised dollar on a distributed ledger for inter-bank payments.

31 May 2017

News/Post-trade & ops

R3 raises $107m

In the largest funding round in the history of distributed ledger technology, the R3 consortium has raised $107 million from around half of its members as well as Intel and Temasek Holdings.

23 May 2017

News/Post-trade & ops

Citi and Nasdaq run blockchain-based settlement for private securities

Citi is providing financial resolution for secondary market transactions conducted over Nasdaq's Linq Platform, using distributed ledger technology from Chain to address the challenges of liquidity in private securities by streamlining payment transactions between multiple parties.

22 May 2017

News/Post-trade & ops

Japan brings in high speed trading rules

Japan's financial services watchdog is to introduce new rules that will require high frequency trading firms to register with the regulator and demonstrate that they have proper risk management processes in place.

19 May 2017

News/Post-trade & ops

CFTC sets up fintech office

The US Commodity Futures Trading Commission (CFTC) is setting up a fintech Lab that will work with startups to drag the agency into the digital age.

18 May 2017

News/Post-trade & ops

DTCC to move more applications to the cloud as technology reaches tipping point

The US Depository Trust and Clearing Corporation is to extend its use of cloud computing after deciding that off-premise hosting has surpassed the achievements available via inhouse data centres.

15 May 2017

News/Post-trade & ops

Citi invests in DLT startup Axoni

Citi has become the latest Wall Street giant to join a Series A funding round for Axoni, bringing the total amount raised by the distributed ledger technology outfit to over $20 million.

11 May 2017

News/Post-trade & ops

Cobalt attracts new launch partners to post-trade currency network

Citadel Securities and XTX Markets have signed up as launch partners for the live implementation of Cobalt's FX post-trade processing network, a DLT-based platform founded by currency trading veterans Andy Coyne and Adrian Patten.

11 May 2017

News/Post-trade & ops

TrueEX files anti-trust lawsuit against MarkitServ

US interest rate swaps exchange trueEX has filed a lawsuit against IHS Markit for allegedly engaging in anti-competitive practices in the post-trade processing arena.

09 May 2017