Traders have always maintained relationships with their favorite brokers and market centers. Sometimes these relationships can result in suboptimal execution quality. But hopefully, in exchange for their loyalty, traders receive other benefits.
Most people think that it will likely be years before bitcoin-based technologies make significant inroads into the traditional financial infrastructure. That may well be, but another small step was taken just before this year closes out.
Even in the buttoned-up financial regulatory world, stock exchange applications are relatively boring affairs.
Nasdaq claims to have broken new ground on use of blockchain with a share sale on Wednesday that used a system based on the technology.
Investors are anticipating a new round of dealmaking among some of the world’s biggest stock exchanges next year as they look to boost their revenue streams by accessing new markets and products.