In blockchain for repo initiative, DTCC goes head-to-head against Fedwire securities settlement services (Premium)

DTCC and Digital Asset Holdings have announced their intention to pilot a blockchain project for moving US government repo into into the same-day settlement realm. The press release describes an extension of the Fixed Income Clearing Corporation (FICC) infrastructure that would allow same-day starting repo trades to settle through DTCC’s facility, with DTCC acting as the central clearing party. This challenges the Fedwire system and is an example of how blockchain may force substantial change across market actors and their traditional roles.

Please to view this content. (Not a member? Subscribe Today!)

Related Posts

Previous Post
Options Clearing Corp seclending CCP up 47% in March 2016 from previous year
Next Post
BNYM and OMFIF: Sovereign Wealth Funds and Central Banks Emerge as Large Scale Collateral Providers

Related Posts

You do not have permission to view the comments.

Please Login to post a comment

Menu
X

Reset password

Create an account