DLR provides a single space where market participants can agree, execute and settle repo transactions. The platform also allows for the immobilization of the underlying securities in the repo transactions, while transferring ownership via smart contracts executed on the platform. Its functionality reduces the operating cost and risk of all repo activity, such as intraday,…
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Fedor Poskriakov commented: This will greatly contribute to the emergence of fully digital capital market infrastructures, including integrated custody and secondary trading venues. The benefits of the digitalization of the financial industry are such that the evolution towards decentralized infrastructures seems inevitable. The CMTA highlighted that storage of digital assets is significantly different from traditional…
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With the expected growth of distributed ledger technology (DLT) implementation, the post-trade financial services company, Depository Trust & Clearing Corporation (DTCC), published a white paper on security issues and guidelines for securing DLT networks. The paper recommends establishing comprehensive DLT Security Framework to review existing security protocols, gaps in the procedures and increase the security…
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CLS, a market infrastructure delivering settlement, processing and data solutions, has just announced that Actinver, BNP Paribas, Citibank and J.P. Morgan are now live on CLSNet. The aforementioned giants joined the standardized, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform, earlier this week, increasing its…
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The Greenwich Associates (GA), a global analytics and consulting firm based out of Stamford, Connecticut, has published a new report, which sounds an alarm bell that blockchain technology, i.e., Distributed Ledger Technology (DLT), when applied to the cross-border payments space, could be overly disruptive and undo financial arrangements that have evolved over centuries. The report…
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The Depository Trust & Clearing Corporation (DTCC), the market infrastructure for the global financial services industry, and Accenture (NYSE: ACN) have yesterday published a white paper named Governing DLT Networks. The white paper introduces a DLT governance operating model to manage risks and consequences of an evolving DLT landscape, to ensure the safety and soundness…
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The Australian Securities Exchange (ASX) announced today that it has teamed up with distributed ledger technology (DLT) specialist Digital Asset (DA) and VMware. The exchange has signed a three-party memorandum of understanding (MoU) to work together with the other two companies on DLT initiatives in Australia and New Zealand. This will include the development of…
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LeapRate Exclusive Interview… LMAX Exchange Group’s 2018 financials report has gone out last month, releasing excellent growth and record financial performance for the year ended 31st December 2018. It has been almost two years since our last interview with David Mercer, CEO of LMAX Exchange. What has changed in the company since then, what are…
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Deutsche Börse Group announced that has joined forces with Swisscom, the Swiss Information and Communication Technology (ICT) company, and Sygnum, a Swiss and Singapore-based fintech firm. The companies want to build out and grow a trusted and regulatory compliant financial market infrastructure for digital assets. The ecosystem's aim is to enable investors to tap into…
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The Gibraltar Stock Exchange (GSX) Group yesterday announced the successful deployment of an online stock exchange prototype that included a test bond issuance on the Global TestNet’s Securities Trading Asset Classification Settlement (STACS) Network. The prototype is based on the Distributed Ledger Technology (DLT) used by the STACS Network to meet the needs of capital…
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