Reuters Joins R3 Consortium; Blockchain and Market Data
The R3 consortium, an association established by a group of leading banks including JPMorgan, Wells Fargo and Barclays, has recruited mass media and information firm Thomson Reuters to expand its operations into the market data business. Over the past two years, the R3 consortium’s banks have collaborated with each other to exploit the application of the blockchain technology in the finance industry. The consortium secured strategic partnerships with blockchain-based service providers including Microsoft Azure, which offers Ethereum-based cloud services that are being used as the backbone....
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Thomson Reuters has been added to the bank-backed R3 blockchain consortium which has been working to design and deliver advanced distributed ledger technologies DLTs to the global financial markets. Thomson Reuters is the first major data and technology provider to join the group of more than 55 banks and other financial institutions. The data company runs currency trading platforms FXall and Thomson Reuters Matching. The total average daily volume of foreign exchange trading across the two platforms totaled $394 billion in June. Exploring the Blockchain in Trade Finance. Thomson Reuters....
Thomson Reuters, the parent company of prominent international news agency Reuters is the newest member joining the R3 blockchain consortium. The private blockchain consortium led by New York-based R3 will now include mass media company Thomson Reuters. The data and technology provider will contribute insights from its engagement with customers in the financial sector to further bolster and drive innovation and adoption of blockchain technology in the sector. The addition of Thomson Reuters is notable to a consortium that was – until recently – predominantly seen as a private banking....
The R3 blockchain consortium continues to attract attention in the financial world, as they have welcomed their first Chinese member in the form of Ping An Group. This partnership has nothing to do with the consortium seeking US$200m in additional funding, though. In a rather surprising turn of events, the R3 blockchain consortium added its first Chinese....
Microsoft wasn't the only financial firm to voice its interest in ethereum today. At the software project’s annual developer conference, Devcon2, Thomson Reuters research scientist Dr Tim Nugent revealed a number of early-stage projects that the media giant is building on the decentralized application development platform. At the day's final morning session, Nugent spoke broadly about the company’s projects (including its work with the R3CEV banking consortium and the Hyperledger blockchain project), while offering new details about how it sees the technology fitting into its existing....
Japan-based Fukui Bank has joined the blockchain consortium for domestic and foreign exchange services launched by Japanese financial services giant SBI Holdings and its subsidiary, SBI Ripple Asia. With its latest addition, the consortium now sees 43 participating members. Announced by SBI Holdings last week, Fukui Bank joins the working group, named “Consortium for Considering Blockchain Technology to Centrally Provide Domestic and Foreign Exchange Services” that aims to develop a blockchain-based remittance infrastructure. The consortium was first announced in August this year, with 15....