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Major growth in the trading of cryptocurrency assets, including during the Covid-19 pandemic, is driving demand for low latency access to AWS in London from sophisticated institutional investors, operating in the derivatives market in particular.
Since the start of this year, 30% of Avelacom clients already involved in crypto trading have begun to access AWS London, and the global connectivity provider expects this to rise to 50% within months.
On 14 May 2020, Societe Generale issued €40 million of covered bonds as security tokens, which were registered on a public blockchain. These OFH Tokens were fully subscribed by Societe Generale, which simultaneously paid the issuer in a digital form of euros issued by Banque de France.
LMAX Digital, the institutional spot crypto currency exchange, has traded $85 billion worth of crypto currencies during its first two years of operation. Of that, $75 billion was traded over the past year, as the platform became more established and markets more volatile.
Diginex and Itiviti have announced a partnership to enable institutional investors with digital assets in their portfolios, to use FIX connectivity.
Diginex's clients will be able to use Itiviti's global NYFIX connectivity platform, which provides a FIX-based order routing network that connects more than 1,600 buy-side, sell-side and trading venues across all asset classes.
Although there has been a great deal of noise about the potential of crypto and how some institutions are adding these assets to their portfolios, a recent survey highlights that 80% of traditional trading institutions are yet to enter this market.
Tim Grant has joined SIX Digital Exchange (SDX) as its new Head of Business.
GCEX has announced plans to open an office in Glasgow later this year, for operations and customer support staff.
26 jobs will be created as part of GCEX’s plans for Scotland, which has been supported by a £350,000 Regional Selective Assistance (RSA) award from Scottish Enterprise.
Avelacom, the high-performance global connectivity and IT infrastructure provider for the financial services industry, has deployed a new point-of-presence (PoP) in Ashburn, Virginia, with direct connectivity to Amazon AWS US – East–1 region.
As the crypto market continues to mature and institutions increasingly look to trade crypto assets, news that SIX will become a shareholder in Omniex, a crypto trading platform that went live in 2018.
In addition to the investment, SIX and Omniex are partnering to enable SIX’s clients to access digital exchanges (including crypto currency exchanges) and OTC market makers worldwide.
JP Morgan has released a new report in which it reviews the evolution of blockchain, the rise of alternative payments and whether stablecoins are an alternative to cryptocurrencies.
DTCC calls for a coordinated strategy around the development of a principles-based framework to identify and address DLT-specific security risks.
As institutional crypto trading gradually becomes more widespread, news that CQG, the provider of high-performance technology solutions, has partnered with DVeX, a new cryptocurrency exchange built for institutional traders. The firms are working together to offer the CQG front-end platform to DVeX clients, for trading tools and analytics.