Investment products

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/Investment products

SETL goes live with blockchain funds platform

SETL, a blockchain-based settlement system for the investment funds industry, has gone live with its pan-European funds record keeping platform IZNES having successfully processed its first transactions.

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FOLK2FOLK enables ISA transfers

FOLK2FOLK, the national, award winning lending platform for local and rural business announces it has enabled ISA transfers for new and existing customers.

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ESMA delays MiFID II rules on dark pool caps

The European Securities and Markets Authority (ESMA) has delayed the introduction of new rules on dark pool trading, a key part of its MiFID II initiative.

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Interactive Brokers employs Mediant for investor communications

Mediant, a leading provider of investor communications solutions, announced that Interactive Brokers LLC, a global electronic brokerage firm, has signed a multi-year contract to continue with Mediant’s Broker Services and MIC technology platform.

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Aviva succumbs to allure of robo-advice with Wealthify purchase

UK insurer Aviva has acquired a majority stake in a startup robo-adviser for an undisclosed sum.

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Nordic Capital acquires fund distribution platform MFEX

Nordic Capital Fund VIII “Nordic Capital” and MFEX management has signed an agreement to acquire the majority of the shares in MFEX­­, a leading European B2B open architecture fund distribution platform.

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Assetz Capital's P2P lending platform gets FCA approval

Today, Assetz Capital, one of the UK’s largest Peer-to-Peer platforms, announced it has received full authorisation from the UK regulator, the Financial Conduct Authority (FCA).

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Spanish stock exchange volumes up by 9.5%

The trading volume in August in the Spanish Stock Market came in at €33.6 billion, up 9.5% from a year earlier. The trading volume for the first eight months of the year totalled €450.7 billion, down 4.2% from the same period in 2016.

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Acorns Australia hits $100m AuM milestone

Acorns Australia, the micro-investing app, has reached a milestone of over a $100 million funds under management (FuM), highlighting the appetite among Australians for new ways to save and invest.

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Goldman trebles algo bond trading programme

Investment bank Goldman Sachs has expanded the use of algorithmic trading in its fixed income division in a move that will treble the number of bonds included in the programme to 7,000.

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BlackRock to take a minority equity stake in digital investment manager Scalable Capital

Scalable Capital has announced the signing of a €30m funding round, led by BlackRock alongside existing investors HV Holtzbrinck Ventures and Tengelmann Ventures. This funding round is one of Europe’s largest for a digital investment manager to date, bringing Scalable Capital’s total funding to €41m.

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First secondary share trade completed on Crowdcube platform

Mettrr Technologies has become the first company to provide financial returns for its crowd investors through a secondary share sale via a crowdfunding platform.

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Saudi Stock Exchange updates its standards

Saudi Stock Exchange (Tadawul) today provided an update of its progress across a range of far-reaching capital market reforms to enhance efficiency, corporate governance, and transparency.

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Axioma releases new version of Portfolio Analytics and Risk Model Machine services

Axioma, a leading provider of enterprise market risk and portfolio management solutions, today launched a new version of Axioma Portfolio Analytics ™ (“APA”) and Risk Model Machine™ (“RMM”), the first release of 2017.

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StashAway becomes first licensed robo-advisor in Singapore

StashAway becomes first licensed robo-advisor in Singapore StashAway, a robo-advisor, has received in-principle approval for its Capital Market Services License for Retail Fund Management.

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SEC issues fake news crackdown

The US securities watchdog has issued a series of fines and penalties to individuals and entities for submitting hundreds of articles to financial websites which purported to be impartial endorsements of certain companies but which were secretly paid-for

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First Islamic fintech gets UK regulator's approval

A London-based start-up claims it is the first shariah-compliant fintech to be given regulatory approval in the UK.

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High rate of defaults hit P2P lending sector

Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups, reports the Wall Street Journal (WSJ).

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India's SBI to launch digital-only bank

The State Bank of India (SBI), the country's largest lending institution is to experiment with branchless banking after announcing plans to launch a digital-only bank later this year.

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FxPro shelves IPO amid FCA crackdown

Currency trading firm FxPro has abandoned plans for a London stock market flotation as a result of the UK regulator's plan to crackdown on the growing financial spread betting market, according to Sky News