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@craigaatkinson @iang_fc @CommonAccord 1/n I was a Director of International Petroleum Exchange then (I oversaw IPE Gas Oil contract deliverable ARA) with10 yrs DTI experience as a forensic accountant in insolvency & corporate law (fraud investigation) & regulation at AFBD (one of 5 initial UK regulators) @seatradelaw
@craigaatkinson @iang_fc @CommonAccord @seatradelaw 2/n IPE developed the first Windows-based trading system & this began my 25 years interest in the area where law, accounting & ICT converge...we didn't call it Fintech then! In 1998 I raised £250k to develop NewClear, which is a generic, globally valid shared transaction registry
@craigaatkinson @iang_fc @CommonAccord @seatradelaw 3/n Three elements: bilateral messaging/ trade matching; market database schema & globally valid market user agreement/club rules which provided that once the transaction had been registered in unique time order ie no need for blockchain, it was legally binding on participants
