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Latest Results from /markets

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Coinbase opens international exchange

Crypto giant Coinbase has opened a derivatives exchange for institutional investors outside of the US as it seeks to reduce its reliance on its home market in the face of regulatory scrutiny.

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ChatGPT investment fund smashes the UK's ten most popular funds

A fictional fund generated by ChatGPT is significantly outperforming the average of the UK’s 10 most popular funds, which have collectively lost 0.8% in value over the same time period.

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Fresh Equities raises $4 million; rebrands to InvestorHub

Australian startup Fresh Equities has rebranded to InvestorHub and has secured $4 million to help public companies bridge the communications gap with investors.

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Amazon stock plummets amid cloud slowdown

Amazon reported that its cloud growth has slowed, as business customers reduce spending amid market uncertainty.

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JPMorgan uses ChatGPT to analyse Fed speeches - Bloomberg.

JPMorgan has built a ChatGPT-based language model to analyse Federal Reserve statements and speeches in an effort to sniff out potential trading signals.

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Tradeweb makes A$125 million offer for e-trading platform Yieldbroker

Fixed income marketplace Tradeweb is in talks to acquire Australian government bond and interest rate derivatives trading platform Yieldbroker.

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Deutsche Börse makes €3.9bn bid for SimCorp

Deutsche Börse has made a €3.9 billion bid to takeover Danish financial sodtware house SimCorp.

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Credora raises $6m for transparent credit markets

S&P Global and Coinbase Ventures have joined a $6 million funding round for Credora, a startup that has built privacy-preserving technology for real-time credit analytics.

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Delta Capita buys SETL capital markets business

Delta Capita is setting up a distiributed ledger venture, acquiring the capital markets business of blockchain firm SETL and signing up Montis Group as an anchor client and minority investor.

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Jeremy Hunt dismisses AI warnings and insists UK leads the AI race

Chancellor Jeremy Hunt waved away concerns on rapid AI development at a Politico event in London on Wednesday, and insisted that the UK needs to step up in the global AI race.

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Iress to reduce global headcount by 10% amid major restructuring

Financial technology firm Iress is to cut ten percent of its headcount amid a restructuring effort that will entail a leadership reshuffle and the divestment of its the Managed Fund Administration and platform services.

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IFGS 2023: Singapore seeks coordinated and global approach to fintech

In the fireside chat with the Monetary Authority of Singapore (MAS), chief fintech officer, Sopnendu Mohanty, discussed the current financial landscape in Singapore and the fintech developments in the region with moderator Sasha Qadri.