This Week: WFE finds that permissionless DLT increases trading costs; JonesTrading/LiquidityBook & more

WFE finds that permissionless DLTincreases trading costs

The World Federation of Exchanges has published a study that warns that technologies without trusted third-party oversight, such as permissionless distributed ledger technology (DLT) can be harmful to overall market quality, despite radically reducing settlement times in certain instances.

The research suggests that adopting Bitcoin blockchain increases the costs of making a trade as well as the price reaction once the trade has been made

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

Once a blockchain cheerleader, Axoni changes its playbook

The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.

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