Trade in services and digital trade across borders has rapidly grown in recent years, providing key drivers to the UK economy. However, measurement, classification and definitional challenges have come to characterise the nature of available evidence, driving the need for further research in this space.
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This question was published as part of the set of ARIs in this document:
"An old saw in the financial markets holds that nothing good happens after a trade is agreed. Trades are agreed instantly on digital platforms today but post-trade delivery of assets still takes days, looking at hig...
Funded by: Innovate UK
The project specifically focuses on the potential of ledger technology in financial services trade, addressing post-trade processing inefficiencies and the use of DLT in the depositary receipt market.
This project investigates the data management, governance and social utility challenges concerned with how central banks, clearing banks and other stakeholders (Other Government Departments (OGDs), commercial financial i...
Funded by: EPSRC
The project partially answers the question as it investigates the use of distributed ledger technology for central bank issued digital currencies, but does not specifically address the measurement of financial services trade.
The unique properties of cryptoassets have promised solutions to a variety of problems in financial markets. Properties such as fractional ownership and decentralised settlement which could offer the possibility of sweep...
Funded by: Innovate UK
The project discusses the potential of cryptoassets and distributed ledger technology in financial services, but focuses more on regulation and addressing harms in the ecosystem rather than trade measurement.