Trade execution

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JP Morgan reshuffles management to target algo traders

JP Morgan has announced changes to its senior management designed to cater for the growing number of trading counterparties using algorithms and electronic platforms.

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Cinnober sets up Lightning node to test scalability on the blockchain

Capital markets software house Cinnober is running tests on the Lightning Network to determine its potential for scaling up cryptocurrency transactions across the bitcoin blockchain.

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Finastra blockchain-based tool for syndicated lending market goes live

Finastra has made its blockchain-based Fusion LenderComm tool for firms operating in the syndicated lending market commercially available as an app on R3's Corda platform.

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One-in-five financial firms considering crypto trading in 2018

Approximately one-in-five financial institutions surveyed by Thomson Reuters are considering introducing crypto trading desks within the next twelve months.

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JPMorgan tests blockchain for debt issuance

JPMorgan and National Bank of Canada (NBC) have carried out a debt issuance simulation using a new blockchain platform.

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ION trumps Temenos offer for Fidessa

Irish software house ION has entered the bidding for Fidessa, offering a cash deal of £38.07 per share in the capital markets tech firm.

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Boerse Stuttgart to bring crypto-trading to the masses

Sowa Labs, a subsidiary of German retail investment exchange Boerse Stuttgart, has developed a prototype app that promises uncomplicated and secure trading in cryptocurrencies.

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Symphony to expand into new industries with $67 million funding round

Financial communication platform Symphony has secured $67 million in new funding from a group of global investors as it bids to break into new market segments including insurance, legal, healthcare services and government.

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UK Takeover Panel gives Fidessa suitors bid deadline

The UK Takeover Panel has given Ion Investment Group and SS&C Technologies 10 days to put in a firm offer for Fidessa.

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India's central bank issues cryptocurrency ban

The Reserve Bank of India (RBI) has banned regulated banks and its account holders from dealing in cryptocurrencies.

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Fidessa names new bidders

The last minute entrants into the bidding war for UK technology provider Fidessa have been named as financial technology firm Ion Investment Group and the US financial services group SS&C Technologies.

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Temenos faces late competition for Fidessa

Trading technology supplier Fidessa has postponed a shareholder vote on whether to accept a £1.4 billion takeover offer from Temenos because two more potential bidders have indicated that they may enter the fray.

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CME and NEX agree £3.9 billion deal to create trading powerhouse

CME Group has reached agreement on a £3.9 billion take over of the UK's NEX Group, in a deal that promises to transform the world's currency and sovereign debt markets.

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Deutsche Börse and HQLAx partner for securities lending over R3 Corda

Deutsche Börse is to work with liquidity and collateral management outfit HQLAx and blockchain consortium R3 to create a front-to-back operating model for securities lending.

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Nivaura settles security on public blockchain

UK fintech startup Nivaura has tapped Microsoft's cloud technology to launch what it claims is the world's first blockchain-based investment product.

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TMX unveils cryptocurrency brokerage

Canadian exchange operator TMX Group is setting up a subsidiary that will run a cryptocurrency brokerage service focused on Bitcoin and Ether.

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Social trading firm eToro raises $100m

Social trading network eToro is set to double down on its work in blockchain-based technologies after raising $100 million in a Series E financing round led China Minsheng Financial.

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NEX Group confirms approach from CME

Icap financial technology spin off NEX Group has confirmed a preliminary takeover approach by Chicago futures exchange CME.

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JPMorgan takes stake in data visualistion startup Mosaic Smart Data

JPMorgan has taken a stake in UK-based data visualisation outfit Mosaic Smart Data, a graduate of the bank's 'In-Residence' startup programme.

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Smartkarma signs SGX as first exchange for independent research platform

Smartkarma has signed its first exchange client, Singapore Exchange, for a pilot programme to bring listed companies, analysts and investors on to a single broker-independent research platform.