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Industry Criticizes Equivalence Measures in Europe’s Brexit Stance
Experts welcome transitional relief but say equivalence is not an appropriate basis for free-trade agreements.
CFTC Commissioners Lash Out at EC Clearing Proposals
The push to expand oversight of US CCPs is “a clear breach” of 2016 equivalence deal, Quintenz says.
DTCC Chief: We’re Going to 'Disappear' As Blockchain Evolves
The head of the US depository system says the utility will not exist in its current form, but will have a central role to play in a post-DLT world.
For Central Banks, Digital Currency Risks May Outweigh Benefits
CPMI's report says existing technology is sufficient at present to deliver the benefits of digital currencies, without introducing new risks.
Banks and Buy Side Ally for Desktop App Interoperability
Led by OpenFin, FDC3—which includes the likes of RBC, JPMorgan, AllianceBernstein, Citadel and Barclays—aims to create a common language for desktop app interoperability.
Mandelzis-led Fintech Capitolis Raises $29 Million, Targets Trade Finance
The company, chaired by former Thomson Reuters chief Tom Glocer, will serve as a peer-to-peer network for trade financing.
Emerging Tech Could Help Push Utilities Forward
European trade group releases report highlighting the challenges and opportunities associated with building industry utilities.
Isda Seeks to Standardize Derivatives Tech with REGnosys Partnership
Isda is hoping that the CDM will bring increased automation and efficiency to the derivatives market, and has tapped a fintech startup, REGnosys, to lead the project.
Malaysia and Singapore to Establish Trading Link
The exchanges and central banks of both countries will iron out details in the coming months for it to be operational by year-end.
Symphony Chat Now Available to OpenFin Users
Through the integration, Symphony Chat will fully interoperate with applications built on OpenFin's operating system.
ION's Openlink Acquisition Shows Deeper Strategic Moves at Work
The Openlink deal is the latest in a string of acquisitions by ION as it consolidates power in treasury, derivatives and commodities, with the help of Carlyle Group.
IHS Markit Teams With Cambridge Blockchain for Improved KYC Functionality
The pairing was spurred on, in part, by the looming General Data Protection Rule, which is due to go into effect in Europe later this year.
Tradeworx Sells Trading Arm to Focus on Fintech
The company renamed itself Thesys Group and will focus on growing Thesys Technologies.
Buy Side Bands Together on Blockchain Vision in Landmark Paper
Fund managers, vendors and trade associations release joint paper on making distributed-ledger technology work for the buy side.
Northfield Partners with Alexandria for Sentiment-Based Risk Models
The offering aims to help users quantify risk based on the latest news.
Venues Deny Esma Accusations over Volume Cap Delay
Delays to a key aspect of Mifid II have triggered tensions between market participants and regulators.
After Building an AI Black Swan Detector, Compellon Mulls Path Forward
The California-based company has built a quantitative analysis engine using machine learning to help score sell-side analysts and search for potential black-swan events.
CME Debuts Bitcoin Futures amid Muted Trading
Thin volumes have marked bitcoin futures contracts launched by its rival, but traders hope CME's move will bolster order book depth.
JPMorgan and Barclays Join IBM Q Network
The network will provide organizations access to quantum expertise and resources to help with experiments in a 20-qubit environment.
Bitcoin Futures Surge on Launch, Trigger Circuit Breakers
Trading in the world’s first bitcoin futures began on Cboe Futures Exchange (CFE) last night, triggering market circuit breakers twice as investors piled on, causing the spot price of bitcoin to jump by more than $2,000 amid lingering concerns about the…
Compliance Officers Face Challenges in Understanding AI
Technology such as AI and machine learning can help compliance officers catch fraud, but more transparency, education and stronger data is needed, experts say.
ASX Gives Green Light to Clearing Blockchain
The exchange expects to release the proposed timing for transition for market feedback by the end of March 2018.
Never Mind the Brexit: UK Treasury Releases Asset Management Plan
British government releases a number of proposals to maintain the strength of the UK’s investment managers after Brexit.
The Battle of Paris: How Esma Fought to Save Mifid II
For four years, regulators had to face fierce objections from groups of market participants that were unhappy with new European rules.