The bank signs a 10-year deal with FIS to upgrade its post-trade processes, consolidating other tech vendors.
Adoption of the Australia Stock Exchange’s new post-trade infrastructure is likely to be slow, as many remain unconvinced.
Banks on quest to boost profits by digitizing clients’ access to data, but are investors ready?
Tora Trading and Kenetic are live with an order- and execution-management system for hedge funds; custody remains a barrier.
Morgan McKenney, a leader in Citi’s internal innovation efforts, says blockchain can improve cross-border payments but is skeptical about its revolutionizing trade finance or correspondent banking.
DTCC, the Depository Trust and Clearing Corporation, tests whether its blockchain initiative for repurchase agreements can go into operation.