Commerzbank, Deutsche Börse and MEAG use blockchain for settlement process
Project saw cash and securities tokens swapped for settlement using DLT, and tokenised cash used as collateral for margin requirements.
Tag: Commerzbank
FX industry urged to better understand flash crashes
Panelists at Sibos in London agreed that flash crashes are more common in markets today, but the industry still lacks understanding.
Commerzbank creates new capital markets division incorporating FICC
The newly formed group is led by Roman Schmidt, who took over the FICC business at Commerzbank earlier this year.
Utility Settlement Coin gains £50m backing and moves forward with backing of banks
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
Post-trade tech expert appointed CTO at EuroCCP
David Hatton, formerly at Commerzbank and LCH, will join European clearinghouse EuroCCP later this month.
Commerzbank leads $9 million investment in FICC analytics firm
Commerzbank and Octopus Ventures lead $9 million funding round in fixed income analytics provider Mosaic Smart Data.
Europe
Deutsche Bank and Commerzbank confirm talks over potential merger
Deutsche Bank and Commerzbank both released statements over the weekend confirming that talks about being held to explore a potential merger.
Commerzbank to pay $12 million for swaps dealing violations
The US CFTC found that Commerzbank failed to supervise its swap dealing activities and made misleading compliance statements to the regulator.
Commerzbank loses European credit trading head
Brian Jensen, head of corporate credit trading in Europe at Commerzbank, has joined TD Securities and will build out its credit business.
Buy side
Buy-side voluntary clearing set to take off
Regulation and collateral costs have made the cleared derivatives market much more attractive for the buy-side. Joe Parsons asks what else will it take for them to voluntarily take part?