Latest Markets News: Finextra Research

Swiss B2B fintech GenTwo raises $15 million

Point72 Ventures has led a $15m Series A investment round in asset securitization fintech GenTwo.

05 September 2023

LSEG plans new blockchain-powered marketplace

The London Stock Exchange is drawing up plans for a new digital marketplace that would be built on blockchain technology.

04 September 2023

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African startups raise $2.7bn in VC funding

Startups in Africa's fintech market have secured more than $2.7bn in venture capital (VC) funding in the last two years, according to a recently released report.

30 August 2023

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FNA awarded University of Cambridge grant to develop market monitoring tool

Network analytics and simulation firm FNA has been awarded $100,000 as part of the University of Cambridge’s SupTech Launchpad competition, to develop a working prototype of a tool for financial market monitoring via social media and web extraction.

30 August 2023

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Grayscale secures SEC legal win over bitcoin ETF

A US federal appeals court has sided with an asset manager in a lawsuit against the Securities and Exchange Commission (SEC) after the regulator denied an application to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF).

30 August 2023

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US Treasury sets out crypto tax reporting proposal

Cryptocurrency exchanges and payment processors in the US will be required to report information on their users' transactions to the Internal Revenue Service under a new Treasury proposal.

28 August 2023

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Yahoo buys social investing platform Commonstock

Yahoo has acquired Commonstock, a social platform that lets retail investors link their brokerage accounts and share their portfolio's performance and discuss their trades and strategies. Terms of the deal were not disclosed.

24 August 2023

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Better.com goes public

After a tumultuous two years that saw its CEO hit the headlines for laying off staff via Zoom, digital mortgage outfit Better.com is set to go public via a Spac merger.

24 August 2023

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JPMorgan metals taders jailed over market manipulation scheme

Two former precious metals traders at JPMorgan Chase have been sentenced to prison for engaging in fraud, attempted price manipulation, and spoofing as part of a market manipulation scheme that spanned over eight years, involved tens of thousands of unlawful trading sequences, and resulted in over $10 million in losses to market participants.

23 August 2023

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Morgan Stanley hit with £5.4 million fine after energy traders used WhatsApp

UK energy regulator Ofgem has fined Morgan Stanley £5.41 million over the use by traders of WhatsApp messages on private phones to discuss market transactions.

23 August 2023

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Lightyear launches business investment account

Retail investment platform Lightyear is moving into the small business market, launching UK business accounts and opening access to money market funds for freelancers and sole directors in the UK via a partnership with BlackRock.

23 August 2023

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TT boosts cross-asset offering with Abel Noser Solutions acquisition

Capital markets tech vendor Trading Technologies has agreed to buy Abel Noser Solutions (ANS), a provider of transaction cost analysis for investment managers, brokers, asset owners and consultants. Financial terms of the deal were not disclosed.

22 August 2023

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