Firms led by JPMorgan test blockchain-powered equity swaps post-trade



Eight financial services companies led by JPMorgan Chase & Co and Barclays Bank Plc [BARCR.UL] have completed the test of an equity swaps post-trade transaction using blockchain technology and smart contracts, financial technology firm Axoni said in a statement on Tuesday.
The blockchain-powered post-trade prototype was built by Axoni. The other participating institutions are Credit Suisse, Citigroup Inc, financial data and technology provides Thomson Reuters Corp and IHS Markit, as well as business consulting firm Capco.
Thomson Reuters is the parent company of Reuters News.
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18 October 2016 in Science &Technology, Views: 52
Source: Reuters
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