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Latest Results from /markets

/markets

M&G Investments leads $30 million seed round in crypto startup GFO-X

M&G Investments has led a $30 million seed round in digital asset trading startup Global Futures and Options (GFO-X) ahead of its forthcoming go-live.

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Scalable Capital closes on €60 million equity financing round

Digital wealth management platform and online broker Scalable Capital has sealed a €60 million equity financing round.

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HSBC trials quantum protection for AI-powered FX trading

HSBC has piloted the use of quantum key encryption to protect client FX trading data from the threat of increasingly powerful cyber attacks.

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LSE outage hits small-cap trading

The London Stock Exchange suffered two outages on Tuesday, disrupting trading in hundreds of small company shares.

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AXA IM completes first market transaction using stablecoins

AXA Investment Managers has completed its first live market transacation using stablecoins issued by SG Forge, the digital asset arm of Societe Generale.

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Lloyds connects customers to capital markets in co-branded deal with PrimaryBid

Lloyds Banking Group is deploying technology from PrimaryBid to provide retail investors with access to public company capital raises in both equity and debt.

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Robinhood launches in the UK

Robinhood has opened up for business in the UK, providing commission-free trading of more than 6,000 US-listed stocks and ADRs including big hitters such as Tesla, Amazon, and Apple.

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Nasdaq unveils tech to scale global carbon markets

Exchange operator Nasdaq has launched technology that securely digitises the issuance, settlement, and custody of carbon credits.

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N26 eyes profitability in 2024

N26 says it expects to halve its net losses in in 2023 before hitting profitability on a monthly basis the following year. Meanwhile, the German digital bank has unveiled plans for a new investment product for stocks and ETFs.

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Ronaldo hit with class action suit over Binance promotion

Cristiano Ronaldo has been hit with a $1 billion-plus class action lawsuit over his promotion of an NFT collection with controversial crypto exchange Binance.

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Fintech valuations stabilising says VC fund chief

The fintech market is returning to some sense of normality in terms of valuations after a period in which it "largely lost its head", according to a leading investor.

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73% of FS execs expect GenAI to take their jobs

Almost three-quarters (73%) of executives working in financial services expect to eventually be replaced by Generative AI (GAI), according to a recently released study.