A former Goldman Sachs staffer has been charged by the Securities and Exchange Commission with making nearly half a million dollars by stealing non-public information from the bank's email system and using it to make illegal trades ahead of client mergers.
The FIX Trading Community is opening its technical standards process to software developers throughout the financial industry using GitHub, with several high performance projects already published to the repository.
Barclays has been slapped with a $150 million fine by New York state's financial regulator and told to fire an employee over an automated system used to reject unprofitable client orders on its electronic foreign exchange trading platform.
The rise of bitcoin could leave central banks struggling to implement monetary policy and unable to act as lenders of last resort, the Bank of Canada's senior deputy governor has warned.
US exchange operator Nasdaq could be heading north through the $100 million acquisition of Chi-X Canada, according to Bloomberg.
Intercontinental Exchange (ICE) is buying Trayport, a trading technology firm focused on the European energy markets, from BGC Partners for $650 million in stock.
Online retailer Overstock is preparing to split off its blockchain trading subsidiary Medici, after revealing that it spent $8 million on the business this year, pushing the company into the red for the first time in nine successive quarters.
Tullett Prebon is to acquire Icap's hybrid voice broking and information businesses for about £1.1 billion in a reverse takeover deal.
ITG's former chief executive, Robert Gasser, is seeking $13 million from the execution broker three months after being forced out over a dark pool scandal.
Pressure is mounting on the European Commission to postpone the implementation of securities market reforms under MiFID II by a year, as banks and brokers struggle to adapt their IT systems to meet the 2017 timetable.
Illuminate Financial, a fintech venture fund for the capital markets industry, has closed its first round of capital raising with the support of Deutsche Börse and Markit.
© Finextra Research 2015