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Latest Results from /markets

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Bloomberg agrees Broadway acquisition

Bloomberg has agreed to buy Broadway Technology, a provider of front-office tech to the sell-side. Financial terms were not disclosed.

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Update: Silicon Valley Bank taken over by regulator

The California Department of Financial Protection and Innovation says it has taken possession of Silicon Valley Bank and appointed the FDIC as receiver, citing "inadequate liquidity and insolvency".

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Some firms are paying over 26 times more than peers for index data

As the Financial Conduct Authority prepares an investigation into the wholesale data market, a new study from Substantive Research uncovers alarming price disparities in the fees charged to users.

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Droit gets UBS backing for expansion into wealth management

US RegTech Droit has secures $23 million in Series B funding with support from Pivot Partners and UBS as co-leads, and existing investor Goldman Sachs.

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Fintech deals in Singapore reach record levels

Singapore's fintech sector enjoyed a mixed year in 2022, with a record level of activity but a significant drop in the level of funding, according to recently published data.

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FCA to tackle competition problems in market data sector

The UK's Financial Conduct Authority is promising an overhaul of the market data sector after a study found a lack of competition was hindering the UK's attractiveness to international investors.

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Why did Euronext drop bid to acquire Allfunds?

Confusion reigns over Euronext's decision to pull out of a €5.5 billion bid for B2B wealthtech platform Allfunds.

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Coinbase suspends Binance stablecoin

Coinbase is delisting the Binance USD (BUSD) stablecoin, saying that the rival exchange's offering does not meet internal listing standards.

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RTGS.global CEO Sissens steps down

Cross-border settlement service RTGS.global has appointed Jarrad Hubble interim CEO after Dave Sissens stepped down for personal reasons.

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Iress says committed to UK market

Australian trading technology vendor Iress insists it is "committed" to its presence in the UK after admitting that results there have been "disappointing".

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Crypto trade group criticises SEC insider trading case

A US-based trade association representing crypto firms has called for the dismissal of an insider trading case brought by the Securities and Exchanges Commission (SEC) arguing that the regulator has unfairly labelled crypto assets as securities.

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Euronext makes €5.5bn indicative offer for Allfunds

Exchange operator Euronext has made an indicative offer to buy B2B wealthtech platform Allfunds for about €5.5 billion in cash and stock.