Efforts to create a model for buyside firms to access derivatives clearinghouses directly – without the aid of a bank intermediary – may be on the verge of success with blockchain technology offering a potential solution.
Market participants at the CFTC’s Technology Advisory Committee meeting on Tuesday suggested that distributed ledger technologies could reduce the operational costs of clearing agents to the point that infrastructure-light buyside firms could afford to act as their own futures commission merchants.
The full article from International Financing Review is available here: http://www.ifre.com/direct-clearing-gets-blockchain-help/21236768.article
