LedgerEdge, the corporate bond trading platform being developed on distributed ledger technology (DLT), has selected Validus, a real-time trade surveillance platform built by Eventus Systems, for all of its markets upon their launch. LedgerEdge’s ecosystem for bond trading is planned for launch later this year as a multilateral trading facility (MTF) in the UK and to roll out in the US as an alternative trading system (ATS) in the first quarter of 2022, subject to the usual regulatory approvals.
Ian Chicken, chief operating officer of LedgerEdge, said, “We looked at several platforms, and Eventus stood out for its experience in handling large client implementations with significant real-time data requirements. Validus and the Eventus team also came highly recommended by a London-based firm that has been using the platform since last year.”
Eventus CEO Travis Schwab said, “We’re thrilled to work with LedgerEdge and some of the most innovative minds in the industry to fulfill a vital role in this exciting new market centre certain to disrupt the US$41 trillion global corporate bond market. As we continue to grow our presence in the UK and Europe, along with the US and Asia, we are also proud to emphasize the versatility of Validus in providing robust trade surveillance capabilities for fixed income, as well as all major asset classes.”
Chicken said Validus is already integrated with LedgerEdge’s global technology partner Yaala Labs, which has worked with Eventus on behalf of mutual digital asset exchange clients.
©Markets Media Europe, 2021
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