Key facts
- The UK government and the City of London Corporation are working with the financial services industry to advance the digital transformation of London's capital markets.
- The initiative is co-ordinated by wholesale digital markets champion Chris Woolard.
- The goals include reducing operational friction and improving liquidity management.
The UK government and the City of London Corporation are set to collaborate with the financial services industry in the coming months to develop an agenda for the digital transformation of London's capital markets. This effort is being co-ordinated by Chris Woolard, who champions wholesale digital markets. The primary objectives of this initiative are to reduce operational friction, improve liquidity management, and enable more automated and efficient trading processes.