BlackRock Inc. is reportedly in advanced talks to buy the French software firm eFront, as it attempts to become a bigger provider of financial technology. The firm is offering $1.3 billion in cash for 100% equity in eFront, which provides reporting on private equity and alternatives for financial institutions.
The European Central Bank has withdrawn a request it made in 2017 for greater powers to tackle financial stability risks in the euro-denominated derivatives market. The bank said the way its request had been handled by the European Parliament and EU national governments had led to a result that risked limiting its freedom of action more than empowering the ECB to act, the Financial Times reported.
The blockchain technology company Digital Asset has promoted Yuval Rooz, who helped set up the company in 2014, to CEO, replacing Blythe Masters, who stepped down at the end of 2018.
There’s a lot of chatter these days about the viability, perhaps even the legitimacy, of distributed ledger systems for the financial markets. Lost in the “blockchain is dead” noise are some interesting cases that show just how DLT technologies can be used effectively in key pain points in the market.
Economic Studies at Brookings yesterday dropped a call for better regulation of the cryptocurrency and digital assets industries by none other than Tim Massad, the former chairman of the CFTC. As befits the former head of an agency that embraced principles-based regulation, Massad’s paper is long on analysis of the industries and the regulatory issues that seem to afflict business conditions.
Peter Borish, currently chief strategist at Quad Group, will be presented with the eighth CTA Expo Lifetime Achievement Award on April 25 in New York at the Stewart Hotel.
In what might prove to be a seminal moment in the development of the cryptocurrency and blockchain community in Chicago, Chicago Mayor Rahm Emanuel addressed an audience of nearly 150 on Monday. Extolling the virtues that Chicago possesses, Emanuel made the case that the city has the opportunity to become a preeminent global fintech center.
Robert N. Mackay, previously the COO of FIS, has been appointed CEO of the technology and service provider Itiviti starting April 1.
Cboe Futures Exchange (CFE) said it was putting its bitcoin futures market on hold and will not add a new Cboe Bitcoin future in March. The exchange said it needs to review its approach to the space.