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Euroclear ends blockchain gold settlement deal with Paxos

Euroclear

The partnership between central securities depositary Euroclear and Paxos for a blockchain-powered gold settlement service is over, according to Reuters. As Banking Technology reported last year, the pair completed their first pilot for the service for London bullion – with a go-live planned for this year. Over 600 OTC test bullion trades were settled on […]

Euroclear and Paxos pilot blockchain gold settlement

Euroclear

Central securities depositary Euroclear and blockchain firm Paxos have completed the first pilot for Euroclear Bankchain, a new blockchain settlement service for London bullion due to go live in 2017. Over 600 OTC test bullion trades were settled on the Euroclear Bankchain platform over the course of the two-week pilot. Angus Scott, director, product strategy […]

ICAP looks to blockchain for FX trades

icap-logo

ICAP, a UK-based financial services firm, is jumping on the bandwagon and getting ready to process foreign exchange (FX) trades on blockchain, according to the Financial Times. As Banking Technology reported earlier this year, ICAP’s post trade risk and information division completed a proof of technology test case for blockchain – so its interest is […]

Clearing and settlement: a moving target

Sibos 2016 - clearing and settlement

Momentum is building behind the T2S securities settlement system as it gains critical mass. While expected benefits and outcomes have not fully materialised, the unexpected benefits have captured the imagination of the post-trade industry.

Seven major financial institutions in blockchain project for European SMEs

Collaboration

The participants are BNP Paribas Securities Services, Caisse des Dépôts, Euroclear, Euronext, S2iEM, Société Générale and Paris Europlace. They have signed a memorandum of understanding (MoU) to study and develop a post-trade blockchain infrastructure for SMEs in Europe. The agreement is open to other interested parties. The aim is “to improve SME’s access to capital […]

Euroclear and Oliver Wyman in blockchain unity call

domino,success concept

Central securities depositary Euroclear and consultancy Oliver Wyman have issued a report on the use of blockchain, the distributed ledger technology that underpins Bitcoin transactions, in capital markets. The firms arguing that major existing players will have to work with newcomers to create a framework that operates between firms and under regulatory obligations. Blockchain and […]

Infrastructures back Swift ISO 20022 harmonisation proposals

Neutjens:

Major financial market infrastructures (FMIs) and central banks have thrown their weight behind a Swift initiative to prevent further fragmentation of the ISO 20022 messaging standard as its adoption grows by signing a charter backing principles to harmonise implementations.

Euroclear Finland begins major overhaul for T2S

Hanna Vainio:

Finland’s central securities depository Euroclear Finland has just completed the first stage of a major project to completely replace its securities processing infrastructure. The CSD says the move is part of its preparations for T2S, the European Central Bank project to harmonise Europe’s post trade infrastructure.

Europe braces for Wednesday ‘double witching day’

BNP Paribas' Kasparian: T+2 is just the beginning

Banks and brokers in Europe are bracing themselves for ‘double witching day’ on Wednesday, in which two days’ worth of trades are expected to settle on a single day, as 25 European nations move to T+2 settlement for the first time.

DTCC-Euroclear move on global collateral processing

DTCC Signing

The Depository Trust & Clearing Corporation (DTCC) and Euroclear have taken the first steps towards the creation of a global collateral processing utility with the announcement that they plan to create a UK-based joint venture, DTCC-Euroclear Global Collateral.

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