ICAP Trials Blockchain Securities Settlement System in Forex Markets

ICAP, a leading provider of post trade services in commodities, interest rates and Forex markets, announced yesterday that its Post Trade Risk and Information (PTRI) division has successfully trialed a financial securities settlement system built on a distributed ledger network. PTRI worked with New York-based blockchain developer Axoni, which implemented a distributed ledger-based smart contract system that was fed trade data from Harmony, a messaging and order matching trading platform, …
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