Latest Markets News: Finextra Research

Big banks join $63m funding round for Luma

Luma Financial Technologies, a platform for structured products and annuities, has raised $63 million in Series C financing led by Sixth Street Growth and joined by a host of existing Wall Street backers.

17 April 2025

/markets

S&P and CME Group to sell post-trade business to KKR for $3.1bn

S&P Global and CME Group have agreed to sell Osttra, a provider of post-trade infrastructure to the global OTC market, to investment funds managed by KKR for $3.1 billion.

14 April 2025

/markets

SwapAgent and Trafigura open blockchain deposit accounts with JPMorgan Kinexys

LSEG's post-trade business Swap Agent and commodities house Trafigura are to be the first in the UK to open GBP-denominated deposit accounts via JPMorgan's blockchain business unit Kinexys.

14 April 2025

/markets

Standard Chartered and crypto exchange OKX launch collateral mirroring programme

Standard Chartered is working with crypto exchange OKX on a collateral mirroring programme, enabling institutional clients to utilise cryptocurrencies and tokenised money market funds as off-exchange collateral for trading.

14 April 2025

/markets

Northern Trust: 21% of private market investors allocate to crypto and digital assets

In a global survey of 180 institutional plans with investment portfolios ranging from $1 billion to over $500 billion, Northern Trust gathered responses from senior leaders at pension funds, outsourced chief financial officers and multi-managers, family offices, sovereign wealth funds, endowments, and other institutions across the Americas, Emea and Apac.

11 April 2025

/markets

EToro to launch UK and Europe stock lending programme

In order to identify borrowers and facilitate the stock lending process, eToro will partner with BNY, which will act as the custodian, and stock lending platform EquiLend. This stock lending launch showcases how eToro is currently leveraging BNY’s global clearing platform, offering integrated solutions across US and international clearing, custody, settlement, execution, and financing.

11 April 2025

/markets

Fixed income trading fintech TransFicc raises $25m

TransFicc, a London-based provider of low-latency connectivity and workflow services for fixed income and derivatives markets, has raised $25 million in Series B investment led by Citadel Securities.

10 April 2025

/markets

Taurus launches interbank network for digital assets

Swiss blockchain startup Taurus has rounded up 35 banks for the launch of its interbank network for digital assets.

10 April 2025

/markets

Ripple to acquire prime brokerage Hiddden Road for $1.25 billion

Ripple is to acquire crypo-friendly prime brokerage Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space.

08 April 2025

/markets

Klarna pauses IPO plans as Trump tariffs cause market turmoil

Klarna has paused plans for its initial public offering amid market turbulence sparked by President Donald Trump's tariffs.

04 April 2025

/markets

Global spending on financial market data hits $44.3bn

Global spending on financial market data and news grew modestly in 2024, with revenues rising 6.4% - far slower than the previous year - to $44.3 billion.

04 April 2025

/markets

Regulators haul ASX over the coals following batch settlement breakdown

The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (Asic) have expressed grave concerns about the management of operational risk at the country's leading stock exchange following a batch settlement failure in December last year.

01 April 2025

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