News
(DL News)
Public ledgers, like Ethereum or Bitcoin, are “not fit” for large transactions. That’s according to Umar Farooq, CEO of JPMorgan Chase’s asset-tokenisation platform Onyx. “What if something goes wrong? Who do I sue?” Farooq said at the Bank for International Settlements’ Innovation Summit in Basel, Switzerland, on Monday. “You can trust in code all you want, but there’s no code court.”
(The Trade)
Development will allow traders to execute multi-currency trades with KCx, helping provide better efficiency when navigating arbitrage strategies.
(Substantive Research)
(New York Times)($)
Tech giants are building power-hungry data centers to run their artificial intelligence tools. The costs of that demand surge are becoming clearer.
(Waters Technology)($)
The first trades on a new triparty repo platform have brought Canada a step closer to plugging a C$6o billion ($44 billion) gap left by the demise of the country’s antiquated corporate paper market. Canada’s five largest banks – BMO, CIBC, RBC, Scotiabank and TD Bank – completed the first repo trades on the Canadian Collateral Management Service (CCMS), a triparty platform created by TMX Group, Canada’s largest exchange operator, and Clearstream, a Deutsche Börse post-trade unit.
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ICE Forms AI Centre of Excellence
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Northern Trust building internal cloud data ‘marketplace’
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FROM OIC: Options Market Innovation in Focus
(Traders Magazine)
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Banks moving into the cloud prompt forecasts of security risk
(Financial Times)
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Bank-led consortium takes aim at position reporting
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FactSet looks to build on portfolio commentary with AI
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Financial market data and news spending up, says TP ICAP
(Global Trading)
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Symphony boosts Cloud9 voice offerings with AI
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Streaming Prices Transforming U.S. Treasury Trading
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Investment in Compliance Has Decreased in 2024
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Liquidnet sees electronic future for gray bond trading
(Waters Technology)($)
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Data is king — but how stable is the throne?
(Global Trading)
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Goldman strikes deal to exit robo business
(Investment News)
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In conversation with… AWS’s John Kain
(The Trade)
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FMSB Publishes Algo Risk Good Practice Standard
(The Full FX)
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Chris Edmonds takes the reins at ICE Fixed Income and Data Services
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Fireside Friday with… SIX’s Marion Leslie
(The Trade)
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A 28-Mil Head Start
(IEX Exchange)
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DSB says industry is ready to meet UPI mandate ahead of deadline
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