DTCC is dipping its toes into future technology waters to keep ahead of new opportunities. Two projects have been named and launched to cover clearing and settlment in one, and private securities in another.
Project Ion (Clearing and Settlement)
This project aims to explore the possibility of a radical new settlement approach to reduce cost, risk and time. A Proof of Concept platform has been built which is being evaluated by the industry.
Digitization has reached the monetary system. The advent of crypto assets, such as Bitcoin and Ether, revealed numerous advantages these digital assets based on distributed ledger technologies (DLTs) can bring: Using DLT can enhance the security of sensitive financial transaction data, increase transaction speed through faster processing and settlement and automate numerous business processes through smart contracts. These advantages ought to be realized in the conventional monetary system as well — not only in the “crypto industry”.
Independent trading analysis and data science company, Ideal Prediction, has appointed Walter Bell as its Chief Technology Officer. An industry leading quantitative analyst and technologist, Walter has more than 20 years of experience in capital markets, working in a variety of roles across multiple asset classes.
Could you imagine how this pandemic would have affected us had it happened prior to the age of mobile computing, or before we all had cameras on our home computers and laptops, or were even able to send text messages? Today's technology is able to connect family, friends and co-workers using video, audio, and via collaboration tools like Teams, Slack Dropbox, etc., and keep us connected in our personal and business lives.
Financial technology leader FIS™ announced today that FIS Ventures, the newly created corporate venture investment division of FIS, has launched an effort to invest a target of $150 million in promising fintech startups over the next three years.
Delta Capita, the international business & technology consulting and managed services firm, today announces that it will collaborate with UnaVista, London Stock Exchange Group’s regulatory reporting platform, to help firms meet the requirements of SFTR. Through the collaboration UnaVista customers will be able to access Delta Capita’s SFTR data test pack.
During the current period of market volatility and displaced workforces, financial firms are relying heavily on technology to ensure successful Business Contingency Plans. Earlier today, Quantile announced that through its early adoption of Cloud technology, its services continue to operate without disruption.
Quantile leverages AWS for scalable computing power, data storage, and corporate infrastructure - helping to deliver services to OTC market participants globally.
Microsoft Excel has powered much of the growth of Financial Markets over the last 30 years. Excel is a great application. But (and this is a big but) Excel is dangerous....
This excellent article is written by Troy Peterson, co-founder of Hudson Fintech.
Remember J.P. Morgan's "London Whale"?
The trader who lost at least $6.2 billion in 2012 in CDS positions. As a result, J.P. Morgan agreed to pay $920 million in fines, related to its risk management systems and internal controls.