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Latest Results from /markets

/markets

ASX adds dedicated CIO position

The Australian Securities Exchange (ASX) is creating a standalone technology division under a dedicated chief information officer.

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$25trn wiped off global stock markets in 2022

The market capitalisation of global stock markets declined by 20% in 2022 while value of traded stocks fell by 10% according to data from the World Federation of Exchanges (WFE).

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Study shows rise in online stock trading

Online searches for 'stock trading tips' and 'how to start trading' have increased by more than 200% since 2004 according to recently published data.

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Bank of Africa UK migrates to Oracle Cloud Infrastructure

Bank of Africa United Kingdom has migrated its core banking systems to Oracle Cloud Infrastructure (OCI).

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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.