One of the founders of trading venue Chi-X Europe is joining the race to bring "blockchain" technology, the system that tracks and identifies transactions in digital-currency bitcoin, to the wider financial world.
The objective is to allow people to transfer cash or make payments instantaneously without a bank or clearing party being involved, saving on transaction costs.
A venture called SETL, led by former Chi-X head Peter Randall and hedge-fund investor Anthony Culligan, said on Monday […]