The event will explore how blockchain technology will change the face of business for exchanges, banks, and CCPs.
The latest institutional player to grapple with the effects of Blockchain technology on the financial system is the International Commodities and Derivatives Association (ICDA), a long established representative group for global brokers, investment fund managers, commodities trading firms, market information providers, exchanges and clearing houses. The Geneva-headquartered organization, which until recently was known as the Swiss Futures and Options Association (SFOA), has announced that it will hold an event called the ICDA Blockchain Conference in the City of London at April 2016.
The ICDA says this event "is not for techy geeks" but looks at the blockchain from a business development perspective and will explore how the particular qualities of this new technology will change the face of business for exchanges, banks, CCPs and the industry at large. We talked with Dan Day-Robinson, Chairman of the ICDA, to understand how his organization views the possible effects of the disruptive technology derived from bitcoin on its members.
Since when has blockchain technology been on your radar?
Last September we entered into a discussion about blockchain with some of the members of the Association and quickly recognised the significance of a technology that has the potential to cut-out intermediaries for the markets that we serve.
Bitcoin was initially hailed as a method to bypass the established order, do you think banks and exchanges can ignore the technology?
Bitcoin and blockchain are two very different propositions. Whilst blockchain is hailed by some as the ultimate disruptor, in truth the range of applications for distributed ledger technology are only really beginning to be appreciated, and many of them can be used to facilitate and streamline existing processes. Whether that is the best use of this technology, remains to be seen. Similarly, whether the technology can be kept within the confines of the traditional system also remains to be seen.
It is still a somewhat nascent technology and, for those of us who remember, looking back to the early days of the internet, it was impossible then to have imagined that it would support the kind of platforms that we all use every day. Likewise, the evolution of blockchain is difficult to foresee, but what is certain is that any business with a vested interest cannot afford to simply sit back and observe.
What is the best example you know of blockchain technology disrupting traditional commodities and derivatives trading?
Perhaps the most obvious disruption is in terms of trade settlement. Blockchain technology could potentially enable virtually frictionless trade so that we move from a settlement cycle of T+3 to same day, even real-time settlement. This could mean a radical change for portfolio and asset management from a risk-monitoring point of view.
In a world of smart contracts, what is the role for exchanges?
Smart contracts are effectively self-executing, self-enforcing contracts, so in theory they will eventually eliminate the need for third-party mediation. In practise thus far the kind of smart contracts that can be supported by the blockchain are relatively simple, template- style contracts and there are still questions about how complex these contracts can practicably become and whether some third-party involvement will still be necessitated by the process.
What positions do you see central banks adopting with regard to the technology?
The most optimistic view, from the point of view of the central banks, is that the transparency afforded by blockchain technology will actually facilitate Regulation and compliance, as well as potentially eliminate interbank liabilities. An initial wariness has been replaced by a recognition of the possible benefits, and the realisation that in order to fulfil their obligations to ensure stability throughout the financial system it is necessary that they evolve.
What sets your conference apart from other blockchain events?
Rather than get caught up trying to explain how the technology works, we want, as far as possible, to explore how it can be effectively applied in a business context, to showcase real use-uses for the commodities and derivatives markets, to think about how as an industry we can best evolve to meet the challenges and opportunities it presents. You don’t need to know how a car works to know that it has the potential to take you somewhere interesting.
What type of audience are you trying to attract?
Our conference is aimed at anyone who is business-minded, from start-ups with great ideas and products to promote, to executives who want to understand exactly how blockchain is likely to affect their businesses and who want to see examples of viable use-cases for the derivatives and commodities markets. The conference will cut past the technology hype and focus on the business opportunities and potential profitability of new products and market approaches.
The latest institutional player to grapple with the effects of Blockchain technology on the financial system is the International Commodities and Derivatives Association (ICDA), a long established representative group for global brokers, investment fund managers, commodities trading firms, market information providers, exchanges and clearing houses. The Geneva-headquartered organization, which until recently was known as the Swiss Futures and Options Association (SFOA), has announced that it will hold an event called the ICDA Blockchain Conference in the City of London at April 2016.
The ICDA says this event "is not for techy geeks" but looks at the blockchain from a business development perspective and will explore how the particular qualities of this new technology will change the face of business for exchanges, banks, CCPs and the industry at large. We talked with Dan Day-Robinson, Chairman of the ICDA, to understand how his organization views the possible effects of the disruptive technology derived from bitcoin on its members.
Since when has blockchain technology been on your radar?
Last September we entered into a discussion about blockchain with some of the members of the Association and quickly recognised the significance of a technology that has the potential to cut-out intermediaries for the markets that we serve.
Bitcoin was initially hailed as a method to bypass the established order, do you think banks and exchanges can ignore the technology?
Bitcoin and blockchain are two very different propositions. Whilst blockchain is hailed by some as the ultimate disruptor, in truth the range of applications for distributed ledger technology are only really beginning to be appreciated, and many of them can be used to facilitate and streamline existing processes. Whether that is the best use of this technology, remains to be seen. Similarly, whether the technology can be kept within the confines of the traditional system also remains to be seen.
It is still a somewhat nascent technology and, for those of us who remember, looking back to the early days of the internet, it was impossible then to have imagined that it would support the kind of platforms that we all use every day. Likewise, the evolution of blockchain is difficult to foresee, but what is certain is that any business with a vested interest cannot afford to simply sit back and observe.
What is the best example you know of blockchain technology disrupting traditional commodities and derivatives trading?
Perhaps the most obvious disruption is in terms of trade settlement. Blockchain technology could potentially enable virtually frictionless trade so that we move from a settlement cycle of T+3 to same day, even real-time settlement. This could mean a radical change for portfolio and asset management from a risk-monitoring point of view.
In a world of smart contracts, what is the role for exchanges?
Smart contracts are effectively self-executing, self-enforcing contracts, so in theory they will eventually eliminate the need for third-party mediation. In practise thus far the kind of smart contracts that can be supported by the blockchain are relatively simple, template- style contracts and there are still questions about how complex these contracts can practicably become and whether some third-party involvement will still be necessitated by the process.
What positions do you see central banks adopting with regard to the technology?
The most optimistic view, from the point of view of the central banks, is that the transparency afforded by blockchain technology will actually facilitate Regulation and compliance, as well as potentially eliminate interbank liabilities. An initial wariness has been replaced by a recognition of the possible benefits, and the realisation that in order to fulfil their obligations to ensure stability throughout the financial system it is necessary that they evolve.
What sets your conference apart from other blockchain events?
Rather than get caught up trying to explain how the technology works, we want, as far as possible, to explore how it can be effectively applied in a business context, to showcase real use-uses for the commodities and derivatives markets, to think about how as an industry we can best evolve to meet the challenges and opportunities it presents. You don’t need to know how a car works to know that it has the potential to take you somewhere interesting.
What type of audience are you trying to attract?
Our conference is aimed at anyone who is business-minded, from start-ups with great ideas and products to promote, to executives who want to understand exactly how blockchain is likely to affect their businesses and who want to see examples of viable use-cases for the derivatives and commodities markets. The conference will cut past the technology hype and focus on the business opportunities and potential profitability of new products and market approaches.
Strike's Expansion into Europe Accelerates Bitcoin Adoption
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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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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!
Follow FMevents across our social media platforms for news, insights, and event updates. 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
📣 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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