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Better read on secondaries would help syndicates price bonds
The untested youth of the blockchain market, as well as the lack of a regulatory framework, could put off widespread adoption
Supporters claim smart derivative contracts remove need for central counterparties
◆ Premium paid ◆ More market-makers required ◆ Buy-and-hold investors prevent scalability
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As bitcoin investors reel from losses sustained last year, UK bitcoin exchange group Coinfloor has spun off its futures arm into a new exchange that will be owned by a number of firms and prominent individuals in the cryptocurrency market.
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New bitcoin futures engineered by Bakkt, a cryptocurrency firm set up by Intercontinental Exchange, will be delayed, according to a market notice released by ICE on New Year’s Eve.
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UBS has hired former Deutsche Bank innovation head Elly Hardwick as chief digital officer, and rehired Rick Carey as chief technology officer, part of a broader revamp of the firm’s technology team.
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It was never going to last. Bitcoin has ended its three month holiday from volatility and begun to crash once more. The cryptocurrency market is looking for a new floor.
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VTB Capital has no interest in adopting blockchain technology for banking, said Dmitry Snesar, VTB’s head of client coverage, at VTB Capital’s Russia Calling conference in Moscow this week.
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Bemusement is growing among Schuldschein lenders, as a seventh issuance platform — again created to promote efficiency — is set to be launched.