Financial technology is the engine of market innovation and growth. Here is an examination of fintech based on a survey of members of the World Federation of Exchanges and an analysis of McKinsey & Co. clients.
Financial technology has been driving markets for decades. Often when we talk about fintech it is about some new technology that promises to disrupt the current market model. But today’s disruptive technology can be tomorrow’s trading infrastructure.
The U.S. Commodity Futures Trading Commission today approved the creation of LabCFTC, a new initiative aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees. Located in New York LabCFTC will also look to accelerate CFTC engagement with FinTech and RegTech solutions that may enable the CFTC to carry out its mission responsibilities more effectively and efficiently.