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The London Stock Exchange Group (LSEG), considered among the top exchanges of the world, is expected to become the first big exchange to "widely use blockchain for trading regular financial assets", according to Financial Times.

After exploring the idea for about a year and holding off until they were confident that blockchain technology was strong enough; Murray Roos, group director of capital market at LSEG, now explains to the public their plan: to use the underlying technology "to make a process that is slicker, smoother,
cheaper and more transparent…and to have it regulated.”

The project has been discussed with several regulators, including the UK government and Treasury.

Blockchain is reshaping the world of finance and offering new possibilities for efficiency, transparency, and global connectivity. As more countries and institutions embrace blockchain technology,
we are witnessing the rapid evolution of financial markets. The future of finance is blockchain, and it's a revolution worth being a part of.

Read the full article here: https://blockworks.co/news/lse-group-blockchain-initiative

PoA also referred to as 'Proof of Authority is a consensus mechanism within blockchain networks used to validate transactions through the identity of participants.

In PoA, validators are chosen based on their established reputation and authority in the network. This approach enables quicker transaction validations compared to alternative algorithms.

PoA also eliminates the need for energy-intensive mining and is considered less secure compared to other algorithms.

The wide field of finance has historically been the industry that adapts to technological innovations before other sectors. So when software technology emerged it was inevitable that the financial sector would be the first to harness the potential.

The journey of quantitative or quant funds can be traced back to the 20th century with the embrace of software technology. Over the years, the sophistication of algorithmic trading has grown exponentially, propelled by AI innovations that enable programs to refine their strategies autonomously.

Quant funds have significantly expanded their market share, making them major players in trading volume. This growth has been fueled by the efficiency and cost-effectiveness of these funds. Their adoption has led quant funds to manage a larger portion of US equities than human-managed asset managers,
with a market capitalization share of 35.1% compared to the 24.3% of human-managed funds, according to finance experts.

In a financial world where data in fundamental and microseconds can make or break fortunes, quant funds are rewriting the rules of investment. As they continue to innovate and adapt, they underscore a transformative potential of technology.

The New Development Bank (NDB), established by the BRICS nations plans to reduce dependence on the dollar and promote a more multipolar international financial system with a local currency lending setup.

NDB leader highlighted the significance of lending in local currencies such as the Rand and the Brazilian Real, as it would allow borrowers in member countries to avoid foreign exchange risks and fluctuations in US interest rates.

The New Development Bank is striving to create a common currency for trade and investment as a means of reducing vulnerability to the dollar exchange and establishing a more multipolar system as an alternative to the existing unipolar financial system dominated by the US dollar.

Is the de-dollarisation gaining momentum?

Read the full Financial Times article here: https://www.ft.com/content/1c5c6890-3698-4f5d-8290-91441573338a