Latest Trade execution News: Finextra Research

Commission fines banks EUR1.07 billion for forex spot fixing

Traders from Barclays, RBS, Citigroup, JPMorgan and MUFG who used chat rooms to fix the spot forex market have cost their employers EUR1.07 billion in fines following an investigation by EU antitrust authorities,.

16 May 2019

News/Trade execution

World Bank and CBA record secondary bond trading on a blockchain

The World Bank and Commonwealth Bank of Australia are trumpeting the success of a project to record a secondary bond market trade on a distributed ledger.

16 May 2019

News/Trade execution

Irish fintech Ion set to buy Acuris for £1bn

Ion Group, a Dublin-based financial software and data company, is reportedly in talks to acquire Acuris, the London-based owner of financial news and data service Mergermarket, in a deal expected to be worth more than £1bn.

10 May 2019

News/Trade execution

Mosaic Smart Data snags $9 million in funding

Commerzbank's VC arm and Octopus Ventures have joined JPMorgan in a $9 million fund raise for capital markets data analytics startup Mosaic Smart Data.

29 April 2019

News/Trade execution

SoGen issues covered bond as security token on Ethereum

Societe Generale has issued EUR100 million of covered bonds as a security token, directly registered on the Ethereum blockchain.

24 April 2019

News/Trade execution

Automation could displace 40 FS industry job roles - Singapore study

Dozens of financial services job roles will see much of their work taken by data analytics and automation in the next few years, according to a new report from Singapore, which is preparing for the radical workforce shift with a new career training programme focused on emerging technology roles.

24 April 2019

News/Trade execution

20|30 collaborates with LSE on test issuance of tokenised equity, raises £3m

Blockchain startup 20|30 has raised £3 million by selling tokenized shares and settling them in a test environment on the LSE’s Turquoise platform.

15 April 2019

News/Trade execution

Nasdaq raises stake in Oslo Bourse

Nasdaq has increased its stake on Oslo Bourse with the purchase of 844,071 shares in the Norwegian exchange operator, upping the ante in its fight with Euronext over control of the business.

11 April 2019

News/Trade execution

Deutsche Bourse confirms talks with Refinitiv over FX business acquisition

Deutsche Bourse has confirmed that it is in talks with Refintiv over the acquisition of 'certain FX business units', following market speculation about a pending $3.5 billion swoop for multi-bank foreign exchange portal FXall.

11 April 2019

News/Trade execution

Kleinwort Hambros issues blockchain ETN

Kleinwort Hambros has launched a blockchain note to give investors exposure to companies most likely to benefit from the adoption of distributed ledger technology.

08 April 2019

News/Trade execution

Euronext bid for Oslo Bourse edges closer to fruition

Euronext's battle with Nasdaq for the takeover of Oslo Bourse has been boosted by a positive recommendation from the Norwegian Financial Supervisory Authority.

08 April 2019

News/regulation

Opengamma secures $10 million fund raise

London-based Opengamma, provider of a software-as-a-service-based analytics resource for derivatives traders requiring efficient capital allocation, has raised raised $10 million in funding led by early-stage fintech and B2B software venture capital firm Dawn.

03 April 2019

News/regulation

Goldman Sachs follows UBS onto the naughty step over flawed transaction reporting

Last week it was UBS in the dock for transaction reporting failures, this week Goldman Sachs gets its chance to shine, forking out £34.3 million to the UK's Financial Conduct Authority for errors relating to 220.2 million transaction reports over a ten-year period.

28 March 2019

News/Trade execution

SGX strengthens forex biz with BidFX investment

Singapore Exchange (SGX) has paid US$25 million for a 20% stake in BidFX, a specialised trading platform for global FX markets.

27 March 2019

News/Trade execution

Russia pushes its Swift alternative

Russian authorities are promoting the international use of an alternative financial messaging system to the global Swift network in order to mitigate the risk of sanctions.

22 March 2019

News/Trade execution

IPC partners Omniex to build cryptocurrency trading system

Dealing room communications outfit IPC has teamed up with digital asset trading platform Omniex to enable institutional investors to buy and sell orders for a host of cryptocurrencies through the IPC Connexus Cloud.

21 March 2019

News/regulation

UBS hit with £27.6 million penalty over massive transaction reporting fail

UBS has been fined £27,599,400 by the Financial Conduct Authority (FCA) for failings relating to 135.8 million transaction reports over a ten-year period.

20 March 2019

News/Trade execution

Thai Stock Exchange to build digital asset platform

The Stock Exchange of Thailand has tabled plans to build a digital asset trading system, mirroring similar moves in the European exchange landscape.

13 March 2019

News/Trade execution

Deutsche Bourse to take on SIX with new digital asset exchange

Deutche Bourse is teaming up with Swisscom and Singapore's Sygnum to create a regulatory compliant market for trading in digital assets, competing directly with a forthcoming equivalent venture from the Swiss Stock Exchange.

11 March 2019

News/Trade execution

SIX selects R3 Corda for new digital asset exchange

SIX has selected R3's Corda platform to provide the underlying blockchain technology for its digital asset listing, trading, settlement and custody service, SIX Digital Exchange (SDX).

07 March 2019