JWG is proud to announce the publication of a ground-breaking research report ‘Risk control for a digitized financial sector.’
The analysis identifies a large systemic technology risk blind spot which regulators must take the lead in addressing. JWG urges Financial Services regulators and firms to collaborate with technology firms on new RegTech standards in advance of cloud and data crises.
A new partnership will provide IPC clients with access to Vela’s market data solution, SuperFeed, via IPC's ecosystem, Connexus Cloud. It will also enable IPC clients, utilising Connexus Labs, to access an on-demand market data solutions to support trading application testing along with third-party product evaluations.
Aquis Exchange PLC and the University of Derby are to begin a research and development project based around machine learning and artificial intelligence, with the aim of enhancing the monitoring trading behaviour and identifying breaches in financial markets.
The University will recruit recent graduates with the skills required by Aquis to undertake the project, and the partnership is backed by a government grant delivered by Innovate UK.
Gerard Rafie has written a post with good advice for firms looking to choose a capital markets processing platform. He offers an opinion to short circuit a long-list and jump straight into three leading vendors, and the advice on how to pick between them.
The Monetary Authority of Singapore (MAS), J.P. Morgan and Temasek have successfully completed the fifth and final phase of Project Ubin - a blockchain-based multi-currency payments network. The prototype developed under Project Ubin Phase 5 successfully settled payments in different currencies on the same network.
Figures released by Tech Nation and Dealroom for the Digital Economy Council show that investors continue to back the UK’s FinTech industry.
From January to the end of May, UK tech companies raised $5.3bn, compared to a total raised in the rest of Europe of $4.1bn. Of that, London-based companies raised $4bn, more than Paris, Stockholm, Berlin and Tel Aviv combined.
FinTech continues to dominate fundraising in the London, accounting for 39% of 2020 fundraisings.
big xyt, the independent provider of market data analytics, has been selected by Societe Generale Luxembourg to provide trading execution analytics to its clients.
big xyt's TCA platform provides SocGen Luxembourg with smart data analytics, which help clients to reduce transaction costs. Leveraging big xyt's consolidated view of the marketplace allows SocGen Luxembourg to measure and benchmark executions.
Cloud9 Technologies, the cloud-based voice communication and analytics platform provider, has completed a $17.5 million Series B funding round. Led by a strategic investment from UBS, participation included existing investors J.P. Morgan and Barclays.
As demand for flexible office and remote working tools increases due to COVID-19, Cloud9 has seen new business increase by over 50% since March, as it onboarded several of the world’s top global banks and investment management firms. The growing client demand reflects an increasing need for access to a virtual trading floor.
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”.