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.
CPMI's report says existing technology is sufficient at present to deliver the benefits of digital currencies, without introducing new risks.
The exchange settles after multiple investigations conducted into outages and systems issues over past several years.
CLS plans to fully integrate CLSReporting, a new FX matched instruction service, in Q2 of 2018.
The partnership is exclusive to MUFG and will also help Point Nine add pre-trade analytics to its offering.
The exchange is looking to use technology to innovate its post-trade processes and introducing e-proxy and e-voting to benefit shareholders.
European trade group releases report highlighting the challenges and opportunities associated with building industry utilities.
The exchanges and central banks of both countries will iron out details in the coming months for it to be operational by year-end.
The two proposals could bring settlement down to a day-and-a-half from time of trade, but still need more feedback from the industry.
Fund managers, vendors and trade associations release joint paper on making distributed-ledger technology work for the buy side.
More depositories are seen to join the initiative.
When Cowen announced that it was acquiring Convergex in April 2017, it was looking for a swift close to the deal—in just three months, the agency broker would become a full part of its new parent, renamed and rebadged to reflect that change. For CIO Ann…
AI is experiencing a renaissance, but some are concerned that it could carry hidden risks.
Depository Trust & Clearing Corporation bolsters Institutional Trade Processing product suite.
Anthony, James and Emilia discuss the 10 biggest trends that unfolded in 2017.
The fintech "revolution" of the past few years is looking less like it will displace traditional finance, and more like it will join it.
Waters runs through the key facts you need to know about Mifid II, GDPR, BMR and Brexit.
IHS Markit, in conjunction with CLS and LCH, will automate post-trade processes for complex currency derivatives but is looking at the entire market.
The solution will help Saigon Securities build liquidity of its covered warrant products, and allow it to deal with the complexities around T+2 settlement.
The key themes from this year's industry mega-event.
Consortia and bank experts say that the technology is ready to move from theory and pilot projects into full production environments next year.
Elements of the market consider capitalizing on the momentum gained after its recent T+2 move.
Market participants are also concerned about the industry's ability to introduce changes such as instant settlement.
The influence of regulation and new technology is prompting a hard look at how post-trade processes can be improved, and perhaps even replaced entirely.