Latest Post-trade & ops News: Finextra Research

London Stock Exchange buys a further chunk of LCH

The London Stock Exchange is to lift its stake in LCH Group to 80%, paying £384 million for an additional 15.1% interest in the clearing house.

19 October 2018

News/Post-trade & ops

Goldman Sachs invests in BitGo

Goldman Sachs and an investment firm set up by billionaire Michael Novogratz have invested in BitGo, a startup promising to help institutional investors securely store their cryptocurrency.

18 October 2018

News/Post-trade & ops

DTCC study shows DLT can support trading volumes in US equity markets

The use of distributed ledger technology in the US equity markets could be a viable option, a DTCC benchmark study suggests, with the tech proving that it can process more than 100 million trades a day.

16 October 2018

News/Post-trade & ops

Swiss stock exchange takes stake in digital asset startup PassOn

The Swiss stock exchange has taken a minority stake in pre-ICO start-up PassOn AG as part of its strategy to build a digital asset custody ecosystem.

15 October 2018

News/Post-trade & ops

Clearmatics raises $12 million for blockchain R&D

Blockchain R&D firm Clearmatics has raised $12 million as it prepares for the launch of a Protocol Provider service next year to support the go-to-market of the Utility Settlement Coin Project, a consortium of 17 banks and financial institutions creating a new digital cash instrument collateralised by central bank money.

11 October 2018

News/payments

Fed seeks feedback on plans for RTGS system for faster payments

The Federal Reserve Board is calling for public comment on its plans to build a real time gross settlement (RTGS) system that finally brings faster payments to America.

04 October 2018

News/Post-trade & ops

ErisX preps cryptocurrency market

Chicago-based Eris Exchange has secured backing from the likes of TD Ameritrade and Virtu Financial for a cryptocurrency spot and futures trading platform.

03 October 2018

News/Post-trade & ops

Blockchain for business startup DrumG raises $6.5 million financing

Blockchain network builder ConsenSys has invested $6.5 million in DrumG Technologies, a startup co-founded by the former CEO of R3 Lab and research centre Tim Grant to create business product overlays on exiting distributed ledger applications.

02 October 2018

News/Post-trade & ops

Australian agency claims blockchain breakthrough

A federal science agency in Australia has claimed a world first after completing testing on a global blockchain network that is capable of processing 30,000 cross-border transactions per second.

26 September 2018

News/Post-trade & ops

JPMorgan blockchain project recruits 70+ banks

An interbank blockchain project led by JPMorgan designed to speed up the exceptions process has recruited more than 70 banks in a move that would make it one of the largest application of distributed ledger technology (DLT) by regulated banks.

25 September 2018

News/Post-trade & ops

Goldman Sachs to sell fixed income app

Investment bank Goldman Sachs is near to finding a buyer for its investment app Simon, according to reports.

20 September 2018

News/Post-trade & ops

Crypto exchanges’ legal status questioned in NY

New York’s Attorney General (AG) has reported three crypto exchanges to the state’s regulator for possible violations of digital currency violations.

19 September 2018

News/Post-trade & ops

Nasdaq makes $190 million offer for Cinnober

Nasdaq has made an all-cash offer of $190 million to acquires Swedish trading technolgy firm Cinnober.

14 September 2018

News/Post-trade & ops

OCBC trials tech from fintech challenge graduates

OCBC Bank is running pilot trials of technology from two fintech startups that use machine learning tools to sift through trading data in search of suspicious activity.

11 September 2018

News/Post-trade & ops

ASX delays timetable for DLT cutover

The Australian Securities Exchange has postponed the launch of its new blockchain-based settlement system by six months following user concerns about the scope of the technical changes required and the tight timeline.

04 September 2018

News/Post-trade & ops

Standards bodies to map Isins to Legal Entity Identifiers

The Association of National Numbering Agencies (Anna) and the Global Legal Entity Identifier Foundation (Gleif) have inked a deal to link International Securities Identification Numbers (Isins) and Legal Entity Identifiers (LEIs) in an effort to improve exposure management between trading counterparties.

04 September 2018

News/Post-trade & ops

Deutsche Bourse sets up dedicated blockchain and crypto-assets unit

Deutsche Bourse has set up a dedicated 'DLT, Crypto Assets and New Market Structures' unit to further advance its work into the transformational potential of blockchain technology.

03 September 2018

News/Post-trade & ops

Deutsche Börse buys stake in HQLAx to pursue blockchain-based securities lending

Deutsche Börse has acquired a minority stake in HQLAx, the liquidity and collateral management outfit with which it is building a blockchain-based front-to-back operating model for securities lending.

29 August 2018

News/Post-trade & ops

Singapore presses ahead with blockchain-based Project Ubin

Singapore's central bank is working with the Singapore Exchange and three technology partners - Anquan, Deloitte and Nasdaq - to develop Delivery versus Payment (DvP) capabilities for settlement of tokenised assets across different blockchain platforms.

24 August 2018

News/Post-trade & ops

Big banks join $32 million funding round in Axoni

Goldman Sachs and Nyca Partners have led a $32 million funding round in enterprise blockchain vendor Axoni.

14 August 2018