Vanguard eyes DLT for FX forwards after smart contract success
The fund giant hopes the roll-out of the tech in 2022 will deliver greater efficiency and pricing benefits.
Vanguard is planning to roll out distributed ledger technology (DLT) across its range of funds that utilize foreign exchange forwards throughout 2022, following a successful pilot of using smart contracts to margin a live trade at the end of last year.
The asset management giant’s fintech unit partnered with custody bank State Street and DLT provider Symbiont to test the margin calculation for a live 30-day euro/US dollar FX forward trade on a platform called Assembly in December, with the aim
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Waters Wavelength
Waters Wavelength Podcast: Episode 257 (DLT loses favor)
This week, Shen and Tony talk about the usability of distributed ledger technology as a solution for capital markets firms.
Subscribe to Weekly Wrap emails
Most read
- Waters Wavelength Podcast: Fixed income execution & innovation
- Industry mulls identifier schema for digital assets
- Waters Wrap: ASX’s Chess DLT meets calamitous fate—what can be learned?
- Bloomberg, MarketAxess, Tradeweb probe three tech partners for consolidated tape bid
- Waters Wavelength Podcast: Episode 257 (DLT loses favor)