Etrading Software names James Haskell as COO and David Lane as CTO

Etrading Software has appointed James Haskell as the new Chief Operations Officer and David Lane as the new Chief Technology Officer, who will join the board of the fintech firm.

The announcement comes at a time when Etrading expands its platform technology business with partnerships on new products and sectors. The firm has also moved to new larger offices, remaining within the City of London’s financial district.

We will be working more in the equity space

James Haskell, COO of Etrading Software, said: “I am thrilled to be the new COO of Etrading Software. I have been working with the team at Etrading Software for some time as we design, build and operate technology solutions allowing clients to keep full governance and control using transparent and vendor-neutral solutions. I am excited to continue the expansion in this relatively newer space for Etrading where we are increasingly responding to requests to build the technology platforms in an equity partnership with our clients, so we can offer efficient products which are tailored to clients’ specific needs and ensure we are aligned with the growth and success of our partners.”

David Lane, Chief Technology Officer, commented: “I am looking forward to working with existing and new clients in building products through partnerships which bring efficiencies to the market in even more asset classes. We will be working more in the equity space to deliver exciting new solutions, and I am delighted to be representing Etrading Software, as CTO, to push through best technology developments that are right for each use case.”

Tracking digital assets

The fintech firm assists market participants and public authorities in the implementation of new global regulatory and data standards such as the Unique Product Identifier (UPI) and ISO’s new digital asset standard, the Digital Token Identifier (DTI).

Etrading Software has recently launched the tracking of all digital assets on a global basis with a service that issues identifiers for tokens based on the new ISO standard. ISO has selected Etrading Software to be the Registration Authority for this standard: Digital Token Identifier.

The new service is complementary to the existing ISO standard for tracking counterparties to a trade via the Legal Entity Identifier (LEI) and was designed by the same committee that has defined the ISO standard for the Unique Product Identifier (UPI) for tracking all OTC derivatives.

Both the LEI and the UPI have been recommended by the Financial Stability Board to be used for regulatory reporting of trades across the G20 to enhance risk management and increase transparency in traditional capital markets.

The Digital Token Identifier (DTI) is a key building block to upgrade the financial market plumbing to process digital asset trades safely and with appropriate oversight.

Until now, such monitoring and tracking was impossible due to the lack of available ISO standards for digital assets, according to the announcement. The DTI is useful for both market participants and regulators.

Market participants can uniquely identify a given digital token thereby increasing transparency for market participants and reducing operational risk.

Regulators can monitor digital asset trades for anti-money laundering / combating terrorist financing requirements and also for monitoring systemic risks arising from the trading of global stable coins and other digital assets.

The DTI Foundation has proactively issued identifiers for the top 100 cryptocurrencies by market capitalisation, thereby enabling all major cryptocurrencies to be tracked, including bitcoin, ether, Tether, and Ripple’s XRP.

There are plans to issue additional identifiers as required by market participants and regulators, with global stablecoins being a priority area given their potential systemic impact, they stated.