ING Bank has just announced that it has signed a major 5-year deal with enterprise software firm R3, entitling the bank to an unlimited number of licenses for R3’s commercial blockchain platform, Corda Enterprise. The deal will allow ING to roll out access to Corda Enterprise throughout the bank globally and deploy production-ready CorDapps across…
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LeapRate Exclusive... BridgerPay has just announced its integration partnership with technology and CRM firm Fair Trading Technology (FTT), one of the most reputable technology, product and service providers in the financial industry. BridgerPay will help FTT brokers to optimize their payments flow, together with a unified payment page. This partnership is another step forward in…
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IHS Markit (Nasdaq: INFO) has announced the launch of its economic and financial scenario solution. The solution provides eight economic scenarios to help banks comply with the Current Excepted Credit Loss (CECL) estimation required under the Financial Accounting Standards Board (FASB) standard going into effect in 2020. The eight scenarios include the Macroeconomic Advisers by IHS…
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INTL FCStone Inc. (NASDAQ:INTL) has just announced that it has received regulatory approval and completed the acquisition of US-based broker-dealer, GMP Securities LLC. The company, previously known as Miller Tabak Roberts Securities, LLC, is an independent, SEC-registered Broker-Dealer and FINRA member and its US-based parent company from GMP International Holdings Corp., a wholly-owned indirect subsidiary…
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LiquidityBook, the Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has just announced that 2018 has been a record year for the company. Highlights include: Total revenues were up by more than 20% YoY in 2018. Several key senior hires were made in 2018, including Ryan Canfield and Matthew Howard. LiquidityBook signed more than 20…
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TriOptima, a CME Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, has announced that it has set a new record for its triReduce portfolio compression service. LeapRate reminds that triReduce compression service hit quadrillion dollar milestone in notional principal eliminated back in June 2017. TriOptima, on the other hand, compressed $250…
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Derivatives marketplace CME Group (NASDAQ:CME) has announced that it achieved Asia Pacific average daily volume (ADV) of 921,000 contracts in Q4 2018, up 45% from the corresponding period in 2017: Equity products up 201%, Interest Rates up 42%, and Energy products up 35%. For the full year 2018, Asia Pacific ADV stood at 862,000 contracts,…
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Concordium Foundation, the Swiss non-profit behind the Concordium Network blockchain, has just added two new team members: Former Vice Chairman of NASDAQ Europe Hans-Ole Jochumsen to the advisory board, and Cryptographer Ivan Damgård as Cryptography Lead on Concordium’s Core Science Team. Hans-Ole Jochumsen comes from ten years at NASDAQ, rising to President in 2015 and…
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Ampleforth, a decentralized store of value protocol, has just announced the completion of a second security audit. The first audit was completed by Chinese security firm SlowMist over the course of 1 week and reported no vulnerabilities. The second audit was conducted by Trail of Bits, a New York-based security firm. From November 5, 2018…
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LCH SwapAgent has just announced that €4.5 billion in notional of trades registered in LCH SwapAgent were successfully compressed in TriOptima’s multilateral USD/EUR cross-currency swap compression cycle. Compression is the process by which members can eliminate offsetting trades to reduce notional outstanding and the number of line items in a portfolio. Capital requirements such as…
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