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Latest Results from /markets

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DORA to spark changes in risk management tech

The imminent introduction of the EU's Digital Operational Resilience Act (DORA) will force sell-side firms to make significant changes to their third party risk management software and strategies, suggests a recently published survey.

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Binance pays $4.3bn and CEO pleads guilty to settle US AML charges

Binance has agreed to pay $4.3 billion to settle a long-running investigation by the US Department of Justice, with the crypto exchange's founder Changpeng "CZ" Zhao also stepping down as CEO and pleading guilty to violating anti-money laundering requirements.

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SEC sues crypto exchange Kraken

The US Securities and Exchange Commission has sued Kraken, accusing the crypto trading platform of operating as an unregistered securities exchange, broker, dealer, and clearing agency.

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ASX turns to Tata to replace Chess system

The Australian Securities Exchange (ASX) is planning to turn to a third party to replace its ageing clearing and settlement system.

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Report predicts boom in Apac's wealthtech market

The wealthtech sector in Asia-Pacific could be worth more than $2trn by 2027 thanks to technological advancements, according to a report published by McKinsey.

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Revolut to offer bond trading for EU clients

UK fintech Revolut has set its sights on Europe's fixed income market as the next investment option for its clients.

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EC makes supercomputers widely accessible to foster AI development

The European Commission has opened access to EU supercomputers to bolster AI development and push AI initiatives.

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Fake XRP ETF filing sends token's price up

A filing suggesting that BlackRock was preparing to launch a spot XRP exchange-traded fund briefly sent the token's price soaring this week before the asset manager confirmed that the paperwork was fake.

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Commerzbank granted crypto custody licence

Commerzbank has become the first full-service commercial bank in Germany to be awarded a crypto custody licence.

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MAS kickstarts new round of asset tokenization pilots

The Monetary Authority of Singapore is to commence a new series of asset tokenization pilots in collaboration with 17 international banks.

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FCA taps OneMarketData for market surveillance

The UK's Financial Conduct Authority (FCA) has picked OneMarketData for the provision of a new cloud-based market surveillance and visualisation system.

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ICBC pays ransom after US hack

The US arm of Industrial and Commercial Bank of China has reportedly paid a ransom to restore its systems after a hack attack last week that disrupted trading in US Treasuries.