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Latest Results from /markets

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GFMA calls for regulators to take more innovative approach to DLT in capital markets

A new report from the Global Financial Markets Association (GFMA) claims that distributed ledger technology can have "transformative benefits" for capital markets but that regulators need to take a more innovative approach.

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Finance heavy-hitters back interoperable financial blockchain network

BNP Paribas, Goldman Sachs and Deutsche Börse Group are among a clutch of financial market participants to have have thrown their weight behind an initiative to build an interoperable blockchain network designed for institutional asset trading.

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LSEG selects OpenFin for delivery of Workspace platform to customer desktops

The London Stock Exchange is to migrate its Workspace platform to OpenFin, paving the way for interoperability with thousands of internal apps developed by banks and buy-side customers.

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VentureWave acquires majority stake in Funderbeam

Irish private equity firm VentureWave has acquired a majority stake in Funderbeam, a blockchain-based startup for angel investors in growth companies founded by former Nasdaq Tallin stock exchange head Kaidi Ruusalepp.

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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.