DTCC Blockchain Technology Shows Successful Results in Test
Tuesday,12/04/2016|08:53GMTby
Vassil Nikolov
The recent test was aimed at verifying the usage of blockchain technology in a Wall Street trading context.
Bloomberg
Big banks like J.P. Morgan Chase & Co and Citigroup Inc. recently conducted tests of the Bitcoin-connected technology for keeping records on credit-default swaps, which could increase bitcoin popularity in the financial area.
The swaps are insurance instruments paying off if a bond fails, and the finding of the over-the-counter contracts might be a problem. Banks connect future sellers and buyers, transfer the trades by a service led by Markit Ltd. and dispatch this data to Depository Trust & Clearing Corp (DTCC), central bookkeeper at Wall Street.
The latest probation period has shown that the major part of this record-keeping process is fulfilled with ‘Blockchain’ technology.
DTCC is going to decide if the results are good enough for implementation of this technology in live trading or for credit-default swaps which corresponds to trillions of dollars.
One of DTCC leaders, Chris Childs, says that he is not ready to make final conclusions from the results, but they seem good enough for now.
The recent test was aimed at verifying the usage of blockchain technology in a Wall Street trading context. At the same time, Bitcoin itself has severe legal problems, with general turbulence revolving around it, but it has proven to interest the financial world greatly.
Banks has lately invested significant amounts of money and manpower in finding ways of using private blockchains to (or “intending to”) cut future costs.
Barclays PLC, for instance, has agreed to a partnership with Circle Internet Financial Ltd, a bitcoin company, so as to use Circle’s digital money application.
Autonomous Research experts say that it is possible to save about a third of costs of setting trade by using blockchain, bringing savings of up to $16 billion a year. Citigroup has published a report predicting that such automation may cut two million employees from banking in the next decade.
This test simulated a monthly volume of trade in the credit default swap market, equal to $6.7 trillion in face value of contracts. Electronic CDS agreements stored on different individual servers will be substituted with a record on a conventional blockchain network.
Among the participants of this test were Credit Suisse Group AG and Bank of America Corp. as well as other huge banks and also Axoni, a startup trying to integrate bitcoin technologies to the banking world.
Markit Ltd., a data provider, currently has 6 active projects with blockchain technology. However, the CDS test is the most representative, according to Markit’s vice president Jeffrey Billingham.
Live usage of blockchain technology in trading might be possible in the far future. Depository Trust & Clearing Corp plans to research if banks and regulators are interested in this technology.
Currently regulators, among which are the Federal Reserve, the Exchange Commission and the Commodity Futures Trading Commission, suggest that further examinations of the blockchain technology are needed.
Recently DTCC announced its new partnership with Digital Asset Holdings LLC, a venture created by former J.P. Morgan employee Blythe Masters, to test if repos (short-term lending arrangements) can be resolved with blockchain technology.
Big banks like J.P. Morgan Chase & Co and Citigroup Inc. recently conducted tests of the Bitcoin-connected technology for keeping records on credit-default swaps, which could increase bitcoin popularity in the financial area.
The swaps are insurance instruments paying off if a bond fails, and the finding of the over-the-counter contracts might be a problem. Banks connect future sellers and buyers, transfer the trades by a service led by Markit Ltd. and dispatch this data to Depository Trust & Clearing Corp (DTCC), central bookkeeper at Wall Street.
The latest probation period has shown that the major part of this record-keeping process is fulfilled with ‘Blockchain’ technology.
DTCC is going to decide if the results are good enough for implementation of this technology in live trading or for credit-default swaps which corresponds to trillions of dollars.
One of DTCC leaders, Chris Childs, says that he is not ready to make final conclusions from the results, but they seem good enough for now.
The recent test was aimed at verifying the usage of blockchain technology in a Wall Street trading context. At the same time, Bitcoin itself has severe legal problems, with general turbulence revolving around it, but it has proven to interest the financial world greatly.
Banks has lately invested significant amounts of money and manpower in finding ways of using private blockchains to (or “intending to”) cut future costs.
Barclays PLC, for instance, has agreed to a partnership with Circle Internet Financial Ltd, a bitcoin company, so as to use Circle’s digital money application.
Autonomous Research experts say that it is possible to save about a third of costs of setting trade by using blockchain, bringing savings of up to $16 billion a year. Citigroup has published a report predicting that such automation may cut two million employees from banking in the next decade.
This test simulated a monthly volume of trade in the credit default swap market, equal to $6.7 trillion in face value of contracts. Electronic CDS agreements stored on different individual servers will be substituted with a record on a conventional blockchain network.
Among the participants of this test were Credit Suisse Group AG and Bank of America Corp. as well as other huge banks and also Axoni, a startup trying to integrate bitcoin technologies to the banking world.
Markit Ltd., a data provider, currently has 6 active projects with blockchain technology. However, the CDS test is the most representative, according to Markit’s vice president Jeffrey Billingham.
Live usage of blockchain technology in trading might be possible in the far future. Depository Trust & Clearing Corp plans to research if banks and regulators are interested in this technology.
Currently regulators, among which are the Federal Reserve, the Exchange Commission and the Commodity Futures Trading Commission, suggest that further examinations of the blockchain technology are needed.
Recently DTCC announced its new partnership with Digital Asset Holdings LLC, a venture created by former J.P. Morgan employee Blythe Masters, to test if repos (short-term lending arrangements) can be resolved with blockchain technology.
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We close with a practical question: how retail investors can actually use AI without falling into common traps.
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We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
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We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
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🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
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Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
