smartTrade Technologies to Launch Post-Trade Distributed Ledger

Financial technology provider smartTrade is the latest company to adopt Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology in its quest to deliver ultimate transparency to the market. The new product which the company is developing is focused on post-trade data.

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smartTrade offers a set of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term aggregation, connectivity, internalisation and order management products, among others. With its focus on multiple asset classes, its new product will create a distributed ledger that is to deliver a new level of transparency to the market.

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A New Level of Transparency

The fully integrated smartTrade product captures and sends post-trade data to a private and permissioned distributed ledger. The process warrants that all trades are recorded and cannot be tampered with.

Clients of smartTrade can use the blockchain-based product for a new layer of transparency. The companies are not only prepared for audits, but can also provide additional data to regulatory enquiries into the conduct of different market players.

Customers of smartTrade will be granted access on a subscription basis via an open API.

Commenting on the news, the CEO of smartTrade technologies, David Vincent, said: “We started exploring blockchain technology as a result of client feedback and because we believe that blockchain is a major technology milestone which can be leveraged to solve many transparency issues the financial world is facing today.”

“Innovation is what drives smartTrade and while our post-trade Distributed Ledger is our first blockchain-based application, we are already exploring how to expand our use of this technology,” he elaborated.