Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Robinhood outage sees customers threaten class action

Threats of legal action are emerging across trading app Robinhood’s 10 million customer base, following a 17-hour outage on the day the stock market gained $1.1 trillion.

03 March 2020

News/regulation

Piercing the LIBOR veil: Concern brews over looming deadline

While financial institutions across the market remain outwardly confident about their LIBOR transition strategy, uncertainty continues to surround the feasibility of achieving the migration within proposed deadlines.

02 March 2020

News/Trade execution

FCA reports a drop in suspicious transactions

The number of suspicious transaction and order reports (STORs) recorded by the UK's Financial Conduct Authority (FCA) has reduced for the first time since records began in 2016

28 February 2020

News/crypto

SIX takes stake in crypto trading platform Omniex

Swiss exchange operator SIX is buying a stake in Omniex as part of a wider partnership with the digital asset trading platform. Financial terms of the deal were not disclosed.

26 February 2020

News/wealth

Credit Suisse unit buys NorthPoint technology

Credit Suisse Asset Management's fintech growth equity unit has acquired the investment management software and services business NorthPoint Technology. Financial terms were not disclosed.

21 February 2020

News/markets

JPMorgan and Goldman back new exchange taking on Nyse and Nasdaq

Goldman Sachs, JPMorgan and Jane Street Capital are the latest Wall Street heavyweights to back a new equities exchange hoping to take on Nyse, Nasdaq and Cboe Global Markets.

20 February 2020

News/markets

Michael Bloomberg will sell his company if elected president

Michael Bloomberg's campaign team has said he will sell his financial data company if elected president.

19 February 2020

News/Trade execution

DTCC calls for industry-wide push to handle DLT security risks

The US Depository Trust and Clearing Corporation is floating the idea of forming an industry consortium to develop a coordinated strategy for addressing security risks in the implementation of distributed ledger technology in financial services.

13 February 2020

News/Trade execution

Refinitiv partners with Google Cloud to power Tick History database

Refinitiv has announced the launch of its Tick History dataset on the Google Cloud platform, catering to a growing appetite for quant-trading technology.

11 February 2020

News/security

Scotiabank gears up for the quantum computing age

As the quantum computing revolution gathers pace, Scotiabank in Canada has begun to explore the migration to encryption methods that can keep out the hackers of the future.

10 February 2020

News/Trade execution

RegTech startup SteelEye raises $10 million

Enterprise data management RegTech SteelEye has secured $10 million in growth capital in a round led by the FinTech Strategic Investments team at Eight Roads, the proprietary investment firm backed by Fidelity, alongside existing investor Illuminate Financial.

10 February 2020

News/Trade execution

Banks and exchanges join document automation consortium

A consortium formed by legal firms to explore the use of a new automated document exchange standard for capital markets firms has held its second meeting with participation from a swathe of banks and stock exchanges.

28 January 2020

News/crypto

Julius Baer launches digital assets service

Swiss wealth an management firm Julius Baer has launched a digital assets trading and storage service through a partnership with Finma-licenced Seba Bank.

27 January 2020

News/markets

SGX buys majority stake in index firm Scientific Beta

Singapore Exchange (SGX) is scaling up its Data, Connectivity and Indices (DCI) business through the acquisition of a 93% stake in Scientific Beta for EUR186 million in cash.

27 January 2020

News/Trade execution

BMO to buy Clearpool

Bank of Montreal has agreed to buy New York-based trading technology outfit Clearpool Group. Financial terms were not disclosed.

22 January 2020

News/markets

Deutsche Bourse and Euronext eyed as potential Currenex suitors

State Street may be looking for a buyer for its multi-bank FX platform Currenex, with Deutsche Bourse and Euronext both in the frame as potential suitors.

20 January 2020

News/markets

US govt changes economic data access rules to slow down algo traders

The US government is tightening up rules that give media outlets early access to economic data over concerns that the current setup is giving high speed algorithmic traders a competitive advantage.

17 January 2020

News/crypto

Turkish banks switch on digital gold transfer network

Turkish banks have begun the transfer of a cryptocurrency representing physical units of gold via a blockchain platform developed by Istanbul Clearing, Settlement and Custody Bank (Takasban).

17 January 2020

News/ai

Traders optimistic about arrival of digital assets and AI

Traders operating on the Swiss Stock Exchange believe that the maturing of AI and digital assets is set to reshape the capital markets, with demand from clients for crypto investing growing.

15 January 2020

News/markets

Digital asset startup iStox raises $5 million ahead of live launch

Singapore-based digital asset trading and custody startup iStox has raised $5 million from South Korea's Hanwha Asset Management.

14 January 2020