Matt Dolton, founder and director at physical delivery technology specialists Kynetix commented: “The current trend for more regulation in Financial Services is often complained about, but this is one area where better understanding and improved regulation (not necessarily increased regulation) would be a good thing.
PRESS RELEASE The London Metal Exchange (LME) today announces the successful launch of LMEshield, the new electronic warehouse receipt system for the global commodities market. The first receipt was issued by Henry Bath & Son Ltd on behalf of BNP Paribas Arbitrage SNC. LMEshield is
The London Metal Exchange (LME) today announces a strategic alliance with Henry Bath & Son Ltd, CMST Development Co Ltd and Mercuria Energy Trading to list warehouses for the LME’s new LMEshield repository in regions along China’s ‘The Belt and Road’ routes. In collaboration with
The inaugural meeting saw major investment banks, brokers, trade and commodity finance houses and central market infrastructures meet to discuss the merits and challenges of collaborating on a blockchain initiative within the physical economy. The aim of the consortium is to identify how blockchain can
Sentinel, Kynetix’s flagship inventory management and physical delivery platform bridges the gap between the physical economy and the financial markets by creating electronic records of title, ownership and storage of commodities. This unlocks opportunities to streamline financing, collateral, settlement of derivatives contracts, post trade processes
The dinner, to be held at the historic Innholders Hall, will bring together key stakeholders within the Commodity trade lifecycle on the understanding that the greatest potential benefit of Blockchain technology is achieved through collaboration. Following a well-received white paper on 7 Ways Blockchain Technology
The two firms, leading suppliers of software and consulting services to exchanges, clearinghouses and the investment banking sector, are committing to provide joint product development & technology solutions to deliver business solutions including new service and contract launches as well as market improvements for participants
As the latest round of banks and investment houses announce their retreat from commodities, it strikes me that we may have been here before. Some might be concerned that as well-known names like Barclays and JP Morgan withdraw from elements of their commodities business, this