BitPay, a blockchain payments provider headquartered in Atlanta, Georgia, USA, has received its Virtual Currency License from the New York Department of Financial Services, which enables the company to transact business with companies and consumers based in New York.
“We are continually assessing opportunities with market leading companies in order to be an early adopter of premier technology which can improve our ecosystem. The addition of Gold-i Matrix Net for liquidity distribution is a perfect example of this. It adds value by making our liquidity easily accessible to brokers who we may not otherwise reach through our existing distribution channels.”
Stater Global Markets is an FCA regulated Prime of Prime brokerage which offers institutional clients direct access to Tier 1 bank and non-bank liquidity, clearing and institutional grade technology. The London-based firm is a wholly owned subsidiary of SBL Holdings Limited. For further information, please visit www.staterglobalmarkets.com
Banco Santander, an early adopter of Ripple’s decentralized ledger technology, announced that it will soon be utilizing blockchain and other new technologies within its capital markets business. The goal is to change how securities are issued, traded and settled.
John Whelan is based in Madrid, Spain, and joined Banco Santander’s blockchain lab in 2016. Prior to that, he was co-chairman of the technical steering committee at the Enterprise Ethereum Alliance, where he was responsible for documenting requirements for an enterprise-grade Ethereum client that serves the needs of industry while remaining broadly compatible with the EVM of public Ethereum. Whelan also founded and led Coinist, a blockchain-based tokenized asset rating service, and was President of the International Ripple Business Association.
Banco Santander, the world’s ninth-largest financial services company by revenue, has recently appointed two leadership positions in payments, and user experience and new ventures, aiming to further accelerate its digital transformation across its 10 core markets.
“We’re excited about partnering with Ethos as it brings together the traditional payments world Payroc operates in with new digital currencies. Our merchants will be able to accept payments via traditional credit cards, ACH, PayPal and now popular cryptocurrencies,” added Poulson. “We have been tracking Ethos for quite some time. Their commitment and vision of bringing the benefits of blockchain technology to the mass market aligns with Payroc’s culture of innovation, trust and stability.”
Merchants signed with Payroc will be able to provide customers with the opportunity to pay from mobile devices in cryptocurrency with Ethos Universal Wallet, an easy-to-use, and decentralized self-storage that keeps cryptos secure on the blockchain. Payroc’s merchants will also enjoy instant crypto payments and settlement made directly from consumer crypto wallets, plus immutable transactions with no chargeback risk.
Max Hayden, Chief Executive Officer of ITI Capital, commented:
ITI Capital Ltd is authorized by the UK Financial Conduct Authority since 2005 and is a member firm of the London Stock Exchange, ICE Europe, London Stock Exchange Derivatives Market LSED and has an extensive agent network to access all other markets. The company facilitates access to execution and financing services for equities, fixed income, FX, listed derivative markets, and most recently cryptocurrency products.
In May 2017, Torstone Technology made two senior appointments to its European team in order to respond to market demands ahead of MiFiD II. Paul Phillips joined the company as Head of European Sales, and Paul Mundy joined from Broadridge Financial Solutions to manage asset servicing solutions as Product Manager. The company added Mack Gill as Chief Operating Officer (COO) and member of the Board of Directors in September 2017.
In early 2017, Torstone teamed up with LSEG’s UnaVista to deliver an Approved Reporting Mechanism (ARM) that helps its users of regulatory compliance module InfernoRC to comply with Markets in Financial Instruments Regulation (MiFIR) and its transaction reporting rules.
MetaTrader 5 Trade Processor simplifies the user experience, particularly with switching from one liquidity to the other. It provides both marginal crypto liquidity and crypto liquidity with physical delivery and the product’s operational workflow with crypt symbols is very similar to the workflow with currency pairs. Tools For Brokers works with two of the world’s largest cryptocurrency exchanges, Binance and HitBTC, to offer cryptocurrency workflow, and it will soon add more leading companies within the digital currency trading business.
David Warren, Interim Group CEO and Group CFO at LSEG said:
“I am delighted that two of the world’s largest stock exchanges have pledged to work more closely together. This is tremendous news for investors in both countries, and for the Square Mile as a whole. It is also fantastic to see both sides building on the Memorandum of Understanding I signed last year with the Mayor of Tokyo, and I am pleased the announcement could be made during my visit to Tokyo.”
LSEG has also launched its new Japan Advisory Group (JAG) to promote and strengthen the close ties between the UK and Japan. The advisory board will be chaired by Suneel Bakhshi, Chairman of LSEG International Advisory Groups, with other members being Tetsuya Kubo, Chairman of the Board at SMBC Nikko Securities; Nana Otsuki, Chief Analyst at Monex; Atsushi Saito, Commissioner of Nippon Professional Baseball, Senior Fellow of KKR Global Institute and Former Group CEO at JPX; Akira Sugano, President and CEO of Asset Management One; and Tatsuo Tanaka, Director and Chairman of Citigroup Global Markets Inc, and Chairman of Citibank NA Tokyo Branch.
Bitfinex, one of the world’s largest cryptocurrency operators, has picked Swiss-based Market Synergy to provide high-performance conne
“We have worked very closely with Bitfinex to evaluate their needs, select the ideal data center and set up the correct infrastructure to create a bespoke network with connections to their digital asset gateway for professional traders. We are now ready to go live, having invested in and set up our infrastructure in a secure data center in Switzerland which hosts servers for a number of major financial institutions. We can also offer colocation services to any Bitfinex institutional client”, Banister added.
Ripple, the San Francisco-based technology company which develops the Ripple payment protocol and exchange network, has announced the appointment of former Ripple’s chief cryptographer David Schwartz as the new chief technology officer (CTO).
Kahina Van Dyke Joins Ripple As Senior VP Business and Corporate Development
Ripple is also welcoming Kahina Van Dyke, a banking and technology veteran with over 20 years of experience, as Senior Vice President of Business and Corporate Development. Van Dyke will focus on driving new, strategic partnerships for Ripple across the global financial services industry.
Brad Garlinghouse, Chief Executive Officer of Ripple, said:
UK-based clearing company LCH has announced the launch of deliverable FX options clearing which is being rapidly picked up by the financial services industry, with early adopters including Barclays, Citi and J.P. Morgan. Further banks are expected to shortly start clearing the product.
Paddy Boyle, Global Head of ForexClear at LCH, said: “Clearing FX Options is an exciting milestone for LCH and the FX market. The launch of this service extends the benefits of clearing to more products and participants in the FX market, enabling them to benefit from the risk management, margin, capital and operational efficiencies of clearing. We’re delighted to partner with CLS to deliver this innovative new service.”
Alan Marquard, Chief Strategy and Development Officer of CLS, said: “This initiative marks a significant step forward for the global FX community. By working with LCH, we will reduce settlement and counterparty risk while improving efficiencies for those operating in the OTC cleared FX market.”
Robin Wemyss, Global Head of FX Options Trading at J.P. Morgan, concluded: “Clearing deliverable FX Options and their hedges is a significant step for the market. We look forward to seeing the number of counterparts and the associated liquidity grow in the coming months.
ForexClear plans to add further FX products to its service in line with demand, but it is currently clearing FX Options on eight currency pairs: AUDUSD, EURUSD, GBPUSD, USDJPY, USDCHF, EURJPY, EURCHF, EURGBP with physical delivery, as well as spot and forward hedges.