20 September 2017
Building a blockchain clearing system that scales
Peter Randall is a dynamo of energy in the investment world, having revolutionised that world with firms like Instinet and Chi-X. Now he is planning to do to clearing and settlement what Chi-X did to trading.
Launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology, SETL completed its first round of fundraising in the summer of 2016. One of those investing is Deloitte who have successfully set up trials with Metro Bank for processing payments using this technology. Equally, many will take SETL seriously when they look at the pedigree of the firm. Peter is CEO and the Chairman is Sir David Walker, formerly Chairman of Barclays Bank.
Previously, Peter is credited with revolutionising the equity exchange market in Europe through the establishment of Chi-X Europe Ltd. Peter led the company’s growth, as founder and CEO, from an unknown multilateral trading facility to become the top trading venue in Europe by volumes traded. Prior to Chi-X, Peter was COO at Instinet Europe Ltd, and Executive Director of FIX Protocol Ltd.