The rise of bitcoin could leave central banks struggling to implement monetary policy and unable to act as lenders of last resort, the Bank of Canada's senior deputy governor has warned.
CME Group, the world's leading and most diverse derivatives marketplace and FinTech Sandbox, a nonprofit whose mission is to promote entrepreneurship and innovation globally in the financial technology sector, today announced a new data agreement.
Dwolla is expanding its scope through a deal with CME Group to provide on-demand payment capabilities for clearing and settlement at the exchange operator.
CME Group, the world's leading and most diverse derivatives marketplace, and Rim Intelligence, Japan's foremost provider of energy price and information services, today announced the signing of a license agreement to permit CME Group to exclusively develop and clear energy derivatives based on the Rim DES Japan LNG Assessment, available for submission to CME Clearing via the Japan OTC Exchange, and through OTC brokers.
Deutsche Bank is the latest major financial institution to laud the potential of the blockchain, confirming that it is exploring the use of distributed ledger technology for everything from securities clearing and settlement to anti-money laundering registries.
CME Clearing Europe, CME Group's European multi-asset class clearing house, today announces the promotion of Tina Hasenpusch to Chief Executive Officer.
Due to a technical revision to its filing with the CFTC, CME Group today announced that it will delay the closing of its futures pits in Chicago and New York.
Digital currency outfit Ripple Labs has closed a $28 million Series A funding round that includes IDG Capital Partners and the venture arms of CME Group and global data storage company Seagate Technology.
Icap Information Services (IIS), the information division of ICAP Plc (IAP.L), and CME Group, the world's leading and most diverse derivatives marketplace, have partnered with The Beast Apps Group to create and deliver RapidRV, a real-time market data and analytics tool designed to provide market participants with the capability to analyze relative value opportunities between the Over-The-Counter (OTC) and exchange-based futures markets.
It's the end of an era in Chicago as the CME Group announces plans to close most of its open outcry futures trading pits in the summer.
© Finextra Research 2015