Vanguard is reportedly testing a platform to compete with banks in the $6 trillion-a-day currency market

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Currency traders currently rely on banks to execute transactions. The Vanguard platform would employ blockchain technology for peer-to-peer trades.

Vanguard Group is testing a blockchain-powered platform that would allow asset managers to trade currencies without using major banks as intermediaries, Bloomberg reported Thursday. The currency market handles $6 trillion each day, and is currently dominated by firms like JPMorgan Chase and Citi. Vanguard's platform would skirt the banks' fees through peer-to-peer trading, and has already handled a few trades, a source told Bloomberg. Visit the Markets Insider homepage for more stories.

Vanguard Group is testing a blockchain-powered platform that would allow asset managers to trade currencies without using major banks as intermediaries, Bloomberg reported Thursday. The currency market handles $6 trillion each day, and is currently dominated by firms like JPMorgan Chase and Citi. Vanguard's platform would skirt the banks' fees through peer-to-peer trading, and has already handled a few trades, a source told Bloomberg. Visit the Markets Insider homepage for more stories.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 729. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

San Francisco clock tower penthouse on the market for $6 millionA penthouse in a historic San Francisco clock tower just went on the market for $6 million, and the photos are stunning this is beautiful! I would love to live there! just one tiny problem. You’re right next to a major highway! chop about $5 million off the asking price and I’ll consider it.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »