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Blockchain Technology Disrupts Firms’ Post-trade Services

Over the last few years, financial services industry has seen significant interest and speculation about Bitcoin and Blockchain technologies. Many banks and exchanges have launched initiatives to investigate about their performance and impact on businesses.

Blockchain has generated immense traction in the post-trade and settlement landscape. Opportunity for using Blockchain, in the OTC market was discussed at meeting held by CFTC. Experts believe that Blockchain could streamline clearing and settlement, and by-pass the requirement to clear over-the-counter (OTC) derivative transactions through central counterparty clearing houses (CCPs). In terms of trade settlement, Blockchain could also enable transactions to settle in real-time as opposed to the industry norm which is towards T+2 or T+3.

News Characteristics

Date : Mar 01, 2016
Region : North America
Industry : Financial Service Providers
Function : Operations and IT
Sub-Function : IT Modernization/Transformation