Bitcoin blockchain offer banks potential but HFT give benefits now

(Last Updated On: March 20, 2017)

Bitcoin blockchain offer banks potential but HFT give benefits now

Some industry highlights from the article below

  • 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.

  • 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.

  • 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.


NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Subscribe For Latest Updates

Sign up to best of business news, informed analysis and opinions on what matters to you.
Invalid email address
We promise not to spam you. You can unsubscribe at any time.


Check NEW site on stock forex and ETF analysis and automation

Scroll to Top