Titled "Blockchain in Financial Markets: Gaining an Edge", the report reveals that more than 80% of financial market executives interviewed expect the impact of blockchain to be “transformative”, and expect it to be adopted by financial institutions by 2020. However, 38% of those surveyed said that they are taking a wait and see approach to the technology.
"It’s clear that financial organizations are talking about or preparing for DLT (Distributed Ledger Technology), yet despite delays in adoption, these firms cannot ignore the impacts on market structure,” said Thomas Olsen, Bain partner and the firm’s global leader for C&IB and Market Infrastructure. “Firms need to elevate their thinking on DLT beyond their innovation labs. The question requires a top-down, strategic lens to complement the bottom-up experimentation,” he added.
The survey estimates the total cost and capital savings to global financial market ecosystems to be between $15-30 billion (or around 1-3 basis points of total assets).
“The adoption of blockchain in the financial industry will drive significant benefits to market participants, including operational and cost efficiency,” said Vijay Mayadas, Head of Global Strategy and Fixed Income at Broadridge Financial. “We are already seeing participants such as the Australian Securities Exchange (ASX) taking a leap in investing in this transformative technology by using DLT to upgrade their post-trade systems. The trend will continue as market participants see real benefits with DLT, which include Know Your Customer (KYC)) utilities, more efficient clearance and settlement and enhanced reference data management.”
Global divergence
The research found that the impact and evolution of blockchain will vary by market with four distinct models likely to evolve. In large, complex, but mostly domestic markets such as Japan and China, blockchain is more likely to reinforce a relatively integrated structure for cash securities. By contrast, it may have the opposite effect in large financial hubs, such as the US and major European markets where blockchain could foster an even more unbundled and fragmented market structure, with multiple exchanges and utilities.
Smaller, domestically focused markets like Australia, Canada and Brazil, where blockchain could have the earliest impact in cash securities, are already integrated, centralized and face fewer obstacles than the other models. In these markets, economic logic will likely drive consolidation as the technology comes into force.
Small markets with international connections, including Singapore and Hong Kong, are likely to remain integrated for cash securities but will be more influenced by global market practices and links in areas such as derivatives and over-the-counter (OTC) securities, the report concludes.
Titled "Blockchain in Financial Markets: Gaining an Edge", the report reveals that more than 80% of financial market executives interviewed expect the impact of blockchain to be “transformative”, and expect it to be adopted by financial institutions by 2020. However, 38% of those surveyed said that they are taking a wait and see approach to the technology.
"It’s clear that financial organizations are talking about or preparing for DLT (Distributed Ledger Technology), yet despite delays in adoption, these firms cannot ignore the impacts on market structure,” said Thomas Olsen, Bain partner and the firm’s global leader for C&IB and Market Infrastructure. “Firms need to elevate their thinking on DLT beyond their innovation labs. The question requires a top-down, strategic lens to complement the bottom-up experimentation,” he added.
The survey estimates the total cost and capital savings to global financial market ecosystems to be between $15-30 billion (or around 1-3 basis points of total assets).
“The adoption of blockchain in the financial industry will drive significant benefits to market participants, including operational and cost efficiency,” said Vijay Mayadas, Head of Global Strategy and Fixed Income at Broadridge Financial. “We are already seeing participants such as the Australian Securities Exchange (ASX) taking a leap in investing in this transformative technology by using DLT to upgrade their post-trade systems. The trend will continue as market participants see real benefits with DLT, which include Know Your Customer (KYC)) utilities, more efficient clearance and settlement and enhanced reference data management.”
Global divergence
The research found that the impact and evolution of blockchain will vary by market with four distinct models likely to evolve. In large, complex, but mostly domestic markets such as Japan and China, blockchain is more likely to reinforce a relatively integrated structure for cash securities. By contrast, it may have the opposite effect in large financial hubs, such as the US and major European markets where blockchain could foster an even more unbundled and fragmented market structure, with multiple exchanges and utilities.
Smaller, domestically focused markets like Australia, Canada and Brazil, where blockchain could have the earliest impact in cash securities, are already integrated, centralized and face fewer obstacles than the other models. In these markets, economic logic will likely drive consolidation as the technology comes into force.
Small markets with international connections, including Singapore and Hong Kong, are likely to remain integrated for cash securities but will be more influenced by global market practices and links in areas such as derivatives and over-the-counter (OTC) securities, the report concludes.
Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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