Exchanges are buying critical financial markets infrastructure.
Transactions from services like compression should be exempt from clearing obligation.
Bank of England has launched a DLT proof of concept.
Platforms need to interoperate across market infrastructures.
About 700 fintechs are developing capital markets infrastructure.
Fragmentation of post-trade landscape in Europe still remains despite T2S.
Equivalence process does not offer sufficient certainty after Brexit.
Project will explore artificial intelligence and natural language processing.
Global failure rate of 2% of trades equals $3bn of costs and losses.