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Latest Results from /markets

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Sustainability fintech WeeFin raises €25 million

WeeFin, a fintech that helps financial institutions manage their sustainability strategies, has completed a €25m financing round Series B, led by Blackfin Capital Partners.

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FDIC says banks don't need prior approval for crypto activities

US banks no longer need to receive prior approval before engaging in crypto-related activities, says the Federal Deposit Insurance Corporation.

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PrimaryBid in talks over discounted sale

Retail investment platform PrimaryBid is in talks with several financial institutions and investors about a possible takeover.

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Galaxy Digital reaches $200m settlement over Luna token

Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG) over claims the crypto investing company promoted the now collapsed Luna digital asset without disclosing its interest in the token.