HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

HSBC has reduced the cost of settling foreign exchange trades by a quarter through its blockchain-based system, an executive overseeing the project told Reuters, offering a glimpse of the savings the technology could offer banks......»»

HSBC has reduced the cost of settling foreign exchange trades by a quarter through its blockchain-based system, an executive overseeing the project told Reuters, offering a glimpse of the savings the technology could offer banks......»»

Supply chain fintech startup Tradeshift, which boasts two million firms on its platform, says it's slashed the cost of cross-border transactions between buyers and suppliers using the public ethereum blockchain......»»

Mutual fund giant Vanguard has partnered with Nasdaq Ventures-backed blockchain startup Symbiont to develop a currency trading platform......»»

While Forex trading has been prevailing from the late 1970s, binary options are relatively new to the market and recently The post Forex vs Binary vs Blockchain options – Which is a better investment? appeared first on Fat Pitch Financials......»»

Crypto custody provider BitGo has hired Nick Carmi, former head of forex trading at a number of Wall Street banks......»»

Tradewind, a blockchain-powered precious metals market, has hired a JPMorgan veteran to be its first-ever CEO......»»

HSBC's Jesse Drennan asked the CFTC to make more "positive noise" about distributed ledger tech to spur business adoption......»»

Rise in expenses primarily hurt HSBC's Q1 results. Also, the share buyback plan worth $2 billion was not enough for investors as the stock declines in pre-market trading. HSBC Holdings HSBC recorded firs.....»»

HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The parent company of Wish has seen its stock deeply discounted since its initial public offering, and the price was slashed yet again in late trading Wednesday......»»

The parent company of Wish has seen its stock deeply discounted since its initial public offering, and the price was slashed yet again in late trading Wednesday......»»

She also had plenty to say about how the bank will choose fintech partners in the future......»»

The good news for U.S. importers: Demand for consumer goods continues to boom. The bad news: Shipments from Asia face massive delays and even when cargo finally arrives, it costs so much to transport that profit margins are slashed. read more.....»»

The Ethereum (CRYPTO: ETH) blockchain is hours away from an upgrade that will address what some users call a “major problem” for the network – record-high gas fees. read more.....»»

Bitcoin (CRYPTO: BTC) is trading near record-highs at $57,726.97, yet investors are still holding on to the apex cryptocurrency undeterred by shrink supply, according to blockchain data and intelligence provider Glassnode. read more.....»»

Aparna Chennapragada, who joins trading app Robinhood, worked at Google for 12 years and was most recently vice president for consumer shopping. Aparna Chennapragada, Robinhhood's next ch.....»»