Latest Trade execution News: Finextra Research

Barclays RepoHack 2023 seeks industry ‘buy-in’ to re-shape post-trade repos

Barclays today opened registrations for the Barclays RepoHack 2023, an industry hackathon that will set market participants the challenge of building novel solutions for repo post-trade services.

12 July 2023

News/markets

JPX takes stake in Nomura-led blockchain business Boostry

Japan Exchange Group (JPX) is taking a stake in Nomura-led blockchain project Boostry as part of a deal to push the development of the security token market.

04 April 2023

News/people

ASX adds dedicated CIO position

The Australian Securities Exchange (ASX) is creating a standalone technology division under a dedicated chief information officer.

20 March 2023

News/markets

$25trn wiped off global stock markets in 2022

The market capitalisation of global stock markets declined by 20% in 2022 while value of traded stocks fell by 10% according to data from the World Federation of Exchanges (WFE).

17 March 2023

News/crypto

DBS goes live on SGX unit's crypto platform; launches programmable money pilot

DBS has become the first bank to go live on a new digital asset trading platform from Singapore Exchange unit MaxxTrader.

31 October 2022

News/cloud

Colt Technology completes cloud colocation PoC

UK-based fintech Colt Technology Services has completed a proof of concept (PoC) which it claims demonstrates the viability of hosting and distributing multicast data in the cloud for capital markets firms.

18 October 2022

News/markets

Afme urges caution on European move to T+1

A move by Europe to a one-day settlement cycle (T+1) could bring significant benefits but would face a host of barriers, cautions a paper from Association for Financial Markets in Europe (Afme).

21 September 2022

News/sustainable

UK banks suffering due to lacklustre sustainable trade finance – Pole Star

90% of UK banks and 56% of Swiss banks have lost business in the trade finance industry due to lack of decarbonisation financing terms, according to research from Pole Star. The maritime, governmental, and financial technology solutions company is calling for environmentally-driven regulation for banks falling behind on sustainability and carbon emission reductions.

16 September 2022

News/regulation

SteelEye raises $21m Series B

In what has been dubbed the largest RegTech raise by a European firm in 2022, SteelEye has raised $21 million in a Series B round led by Ten Coves Capital.

08 September 2022

News/people

ICMA appoints first fintech head

The International Capital Market Association (ICMA) has named Georgina Jarratt as its first ever head of fintech and digitalisation in recognition of the growing influence of digital technology on capital markets.

05 September 2022

News/regulation

FCA fines Citi £12.5m for trading oversight failings

The UK's Financial Conduct Authority (FCA) has levied a £12.5m fine against Citigroup Global Markets over past failures to police its trading activity

22 August 2022

News/regulation

Banks to pay $1bn over traders' use of WhatsApp

A handful of Wall Street banks are preparing to pay up to $200m each to settle a case with the Securities and Exchanges Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the use of WhatsApp messages.

22 August 2022

News/crypto

Russian firm claims digital token first

Atomyze, a Russia-based blockchain firm, has launched what it claims to be the country's first digital token to be backed by palladium.

18 July 2022

News/markets

Big banks test DLT-based intraday FX swaps and repo trading platform

Teams from 14 banks, including Barclays, NatWest and Citi, have trialled a DLT-based intraday FX swap and repo trading platform from Finteum.

14 June 2022

News/crypto

Big banks invest in institutional-grade crypto trading platform Talos

Institutional digital asset trading technology firm Talos has secured a $1.25 billion valuation after closing a $105 million Series B funding round joined by Citi and Wells Fargo.

10 May 2022

News/crypto

Commerzbank applies for crypto custody licence

Germany's Commerzbank is seeking to enter the crypto-assets market after a spokesperson revealed the bank has applied for a local crypto licence.

22 April 2022

News/startups

Stock trading API startup lemon.markets raises €15m

Lemon.markets, a Berlin-based startup that helps firms embed trading services via APIs, has raised €15 million in a seed funding round co-led by Lakestar and Lightspeed.

06 April 2022

News/crypto

Goldman Sachs executes first OTC crypto trade

Goldman Sachs has teamed up with Galaxy Digital Holdings to execute its first over-the-counter crypto options transaction.

21 March 2022

News/payments

Israeli fintech Tipalti sees valuation exceed $8bn

Tipalti, a provider of AI-powered commercial payments and accounting services, has completed a series F funding round that has seen its valuation reach $8.3 billion.

09 December 2021

News/crypto

Binance legal action sees thousands of claimants join ‘landmark’ proceedings

Thousands of disgruntled Binance customers have registered claims against the trading platform following the outages it faced in May 2021. Earlier this year, Liti Capital announced it is financing the proceedings to be brought in the Hong Kong International Arbitration Centre, with claimants being represented by White & Case LLP.

08 November 2021