R3 trials blockchain fixed income trading with 40 banks LeapRate

March 03, 2016 BY Mike Fox

R3 trials blockchain fixed income trading with 40 banks

The trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…

December 21, 2015 BY Maria Nikolova

Court of Appeal reduces Tom Hayes sentence for LIBOR manipulation

The UK Court of Appeal today ruled to reduce the prison sentence of former UBS and Citi trader Tom Hayes, convicted of LIBOR manipulation. The sentence was cut from 14 years to 11 years. The new ruling, in response to Mr Hayes' appeal to the previously issued sentence, took into account all the circumstances, including…

December 08, 2015 BY Mike Fox

OpenFin to open-source its financial desktop HTML5 container technology

OpenFin, the New York and London based fast-growing financial technology provider, today announced that for the first time it is open-sourcing its market-leading HTML5 container technology for financial desktops. The development aims to promote further community collaboration as OpenFin is being used by over 20 of the world's leading banks, buy-side firms and trading platforms. OpenFin…

October 28, 2015 BY Mike Fox

Mizuho, Nordea and UniCredit join R3 distributed ledger and new banking technology consortium

Consortium to develop new technology for global financial markets now comprises 25 banks.

October 22, 2015 BY Maria Nikolova

Citi warns of clone in Hong Kong

The Hong Kong subsidiary of international financial services giant Citigroup Inc (NYSE:C) has published a warning regarding a clone in Hong Kong. The regulated company says that the fraudulent entity is misusing its name. The fake entity's website https://hkhuaqipm.com/col.jsp?id=101 contains the names “Citi Hong Kong” and “Hong Kong Citi Group International Auction”. (At the moment…

October 16, 2015 BY Maria Nikolova

Tag: Citi