Bitcoin blockchain offer banks potential but HFT give benefits now
Some industry highlights from the article below
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Last spring, automated market maker and Modern Markets Initiative (MMI) member firm GTS agreed to buy Barclays Plc’s Designated Market Marker (DMM) business on the New York Stock Exchange floor, giving the firm responsibility to oversee trading for more than 1,200 blue chip securities. Following this transaction, GTS is leveraging these corporate relationships to partner with banks, helping them to trade in other asset classes such as foreign exchange.
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Credit Suisse Group’s Wake USA formed a partnership with MMI member firm Tower Research Capital. That arrangement allows the Swiss bank to leverage Tower’s technology platform to manage its customer-facing electronic rates business.
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And recently, Virtu Financial Inc, another global electronic market maker, announced a three-year agreement with JP Morgan Chase & Co. to help the bank trade more efficiently in the US treasury market.
http://www.bankingtech.com/701961/blockchain-offers-banks-potential-but-hft-provides-benefits-now/
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