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The UK’s GMEX Group has announced that it will integrate into its systems the uClear private blockchain service which was officially launched today. Developed by uTrade Solutions, uClear is said to be India’s first such solution for real time clearing and settlement across the cash and derivatives markets. The initial stage of adoption will be led by the OTC segments without existing central clearing infrastructure such as FX and the fixed income securities markets.
Kunal Nandwani, co-founder and CEO of uTrade Solutions, said, “We believe Blockchain is a very powerful technology that will dramatically change the way the financial services industry operates. Discussing blockchain today is ... (read more)