Trade execution

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Cinnober acquires defunct market surveillance firm Ancoa

Stockholm-headquartered Cinnober has acquires UK-based market surveillance outfit Ancoa, which filed for bankruptcy in 2016 after failing to generate fresh funding.

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Hong Kong to tighten cyber-security rules in wake of multiple stock hacks

Hong Kong's Securities and Futures Commission is proposing new rules to strengthen cyber-security controls for stock trading following a spate of hacking incidents that resulted in hundreds of millions of dollars in losses.

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ICE brings precise timing to UK data centre for MiFID II compliance

In a high-frequency trading world where every microsecond counts, Intercontinental Exchange has struck a deal with the UK's National Physical Laboratory to ensure co-location customers at its data centre in Basildon get precise timing.

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Nasdaq calls for market reform to help smaller firms

Technological advances and regulatory changes over the last 10 years have transformed the way that markets function, but small and medium growth firms are not feeling the benefit, says Nasdaq.

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Stock trading app Robinhood raises $110m at $1.3bn valuation

Robinhood, the Silicon Valley startup behind a no-commission stock trading app, has raised $110 million in a Series C funding round that values the firm at $1.3 billion.

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Ex-UK minister taps fintech to back African smallholder farmers

Former UK government minister Mark Simmonds has teamed up with fintech veteran Hirander Misra on a venture that aims to help African smallholder farmers boost their earnings by connecting them with local commodity exchanges.

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Nasdaq formalises fintech venture programme

Nasdaq has launched a dedicated venture investment unit to identify and collaborate on new technologies with fintech companies worldwide.

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BNP Paribas and AXA co-operate on blockchain-based fund distribution platform

BNP Paribas is working with AXA Ivestment Managers on the deployment of a blockchain-based fund distribution platform using smart contracts to ease the flow of information between buyers and sellers.

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FlexTrade brings a touch of augmented reality to the trading floor

Order management vendor FlexTrade is planning to use Microsoft HoloLens to provide traders with a three-dimensional view of their dealing strategies and new ways of interacting with third party data feeds.

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LSE and Deutsche Börse merger officially blocked by European Commission

The European Commission has officially blocked the proposed mega-merger between the London Stock Exchange and Deutsche Börse, citing competition concerns.

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IBM, Natixis and Trafigura team on blockchain platform for oil trades

Commodities trading house Trafigura and French bank Natixis are working with IBM to test the use of blockchain technology for settling US crude oil transactions.

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Bloomberg terminal base shrinks in 2016

While Bloomberg continued to command the lion's share of financial market spending on data, analysis and news in 2016, the firm saw its terminal user base shrink for only the second time in its 36-year history.

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Cameroon gives mandate for mobile commodity exchange

UWIN Corp, a company founded by MIT Media Lab entrepreneur in residence and former Wells Fargo technologist Julius Akinyemi, has been given a mandate by the Cameroon government to implement a mobile-based commodity exchange.

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Regulator tells Singapore Exchange to improve outage recovery process

The Singapore Exchange has been told by the country's financial regulator to improve its recovery processes following an investigation into an outage last year which shut down trading for an entire day.

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SIX develops distributed ledger to automate the bond lifecycle

SIX Securities Services has developed a distributed ledger-based bond issuing prototype which it intends to deploy.

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New advertising contract exchange taps Nasdaq for blockchain tech

A new exchange for trading advertising contracts is entering its pilot phase, enlisting Nasdaq for a tech setup that will see it deployed in the cloud and run on blockchain technology.

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Acadian Asset Management taps Microsoft big data tech for investment guidance

Acadian Asset Management is set to start using a Microsoft prediction engine which draws on data from social media and Web searches to guide investment decisions.

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Court upholds order telling ICE to sell Trayport

The UK's Competition Appeal Tribunal (CAT) has upheld a ruling that Intercontinental Exchange must sell Trayport, the energy trading technology shop it acquired for $650 million in December 2015.

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Euronext furthers fixed income ambitions with $10 million stake in Algomi

Euronext has upped its investment in fixed income technology outfit Algomi, spending $10 million on a minority stake in the business and expanding its planned European joint venture globally.

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Deutsche Bourse fintech venture fund targets blockchain and AI

Deutsche Bourse's new dedicated fintech venture fund, DB1, is hoping to make up to five investments this year, focusing on startups that use technologies such as blockchain and machine learning to rebuild the rails on which financial markets are built.