International News - Week of May 21, 2018

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Deutsche Borse and Clearstream to Partner in FinTech Acceleration Platform


Tel Aviv Stock Exchange Plans Blockchain Technology for Securities Lending Platform

The Tel Aviv Stock Exchange (TASE) is the first global player in the Israeli market to embed blockchain technology into its operating business, utilizing it as the technological basis of a new Securities Lending Platform. Securities Lending is currently executed in the capital market, primarily using inter-bank mechanisms within, and if necessary outside, banking group limits. As a result, the market has not been fully exploited to satisfy the potential needs of economic agents. The purpose of this project is to create one central platform that will transform the Securities Lending market in Israel by enabling direct lending among all the major financial instruments.  The platform will function as a one-stop-shop for all securities lending activities, permitting access to larger securities volumes within shorter timeframes, even operating in shorter-term positions. The use of Distributed Ledger Technology (DLT) as the basis of this new trading platform will harness some of the blockchain’s primary advantages and features, such as direct peer-to-peer transactions, Smart Contracts, and enhanced security through immutability.  All of these are expected to benefit TASE, its custodians and their clients by reducing costs, increasing security and enabling the market to exploit its full potential. This project brings together The Floor, Accenture and Intel to develop this platform for the TASE. This project is structured with a two phased approach comprised of an initial Proof of Concept (PoC), which upon its success, will be followed by a deployment of the solution in a production environment.


CFTC Approves Order Giving U.S. Investors Access to National Stock Exchange of India