Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

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/Post-trade & ops

TCS blockchain powers cross-border securities settlement between CSDs

The Moroccan and Kuwait central securities depositories have carried out a cross-border securities settlement using stable coins and a blockchain from Indian IT giant Tata Consultancy Services (TCS)

11 April 2019

News/Post-trade & ops

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

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/Post-trade & ops

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/Post-trade & ops

Middle East bank chief calls for more regtech spending

The secretary general of the Union of Arab Banks has called on financial institutions in the region to increase their investment in regtech.

22 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/Post-trade & ops

BME tests blockchain for collateral pledges

Spanish bourse BME has completed tests of the use of blockchain technology to eliminate the exchange of physical certificates for collateral pledges.

14 March 2019

News/Post-trade & ops

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/Post-trade & ops

SETL files for insolvency

Blockchain settlement startup SETL has filed for insolvency, appointing administrators to oversee the sale of its ID2S CDS subsidiary to a larger financial services firm.

07 March 2019

News/Post-trade & ops

Commerzbank and Deutsche Bourse settle repo transaction on blockchain

Commerzbank and Deutsche Bourse have successfully used distributed ledger technology to execute a legally binding settlement of a repo transaction.

06 March 2019

News/Post-trade & ops

Nasdaq sweetens bid for Oslo Bourse

Nasdaq has raised its offer price for Oslo Bourse to $789 million, matching a rival bid from Euronext.

04 March 2019

News/Post-trade & ops

State Street puts Maiuri in charge of global technology

State Street has promoted thirty-year industry veteran Lou Maiuri as chief operating officer with overarching responsibility for technology, operations, product and innovation across the group.

27 February 2019

News/Post-trade & ops

Julius Baer to enter crypto assets market

Julius Baer is to offer clients digital asset investment opportunities through a collaboration with Swiss startup Seba Crypto.

26 February 2019

News/Post-trade & ops

HKEX to buy majority stake in Shenzhen-based fintech firm

Hong Kong Exchanges and Clearing (HKEX) has agreed to acquire a 51% stake in a Shenzhen-based financial markets technology firm. Financial terms of the deal were not disclosed.

20 February 2019

News/Post-trade & ops

Morgan Stanley agrees to pay $900m for employee stock plan manager

Morgan Stanley has struck a $900 million cash deal to buy Solium Capital, a Canadian provider of cloud-enabled share plan administration services.

11 February 2019

News/Post-trade & ops

Euronext raises offer for Oslo Bourse

Euronext has upped its offer for Oslo Bourse to $785.7 million in an effort to beat off Nasdaq's competitive $770 takeover bid for the Nordic exchange.

11 February 2019

News/Post-trade & ops

US reports record surge in electronic trading data

Greater use of electronic trading and market volatility saw a record surge in trading data reported by the US capital markets watchdog in 2018, raising questions about regulators' ability to successfully and safely monitor markets.

05 February 2019

News/regulation

Exchanges to fire builder of massive audit trail - WSJ

A group of US stock exchanges is set to fire Thesys Technologies, the startup it hired in 2017 to build a vast Consolidated Audit Trail (CAT) tracking transactions as they pass through US equity and options markets, according to the Wall Street Journal.

01 February 2019

News/Post-trade & ops

IHS Markit invests in Cobalt

IHS Markit has taken a minority stake in blockchain-based post-trade processing network Cobalt, embedding its MarkitSERV operation deeper into currency trading back offices.

30 January 2019