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Latest Results from /markets

/markets

EToro to buy US options trading app Gatsby

Social investment platform eToro is boosting its presence in the US after inking a definitive agreement to buy options trading app Gatsby for around $50 million.

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SEC charges three with insider trading connected to Equifax data breach

The Securities and Exchange Commission has charged three people with illegally tipping and trading in the securities of Equifax in advance of the firm's announcement about a massive 2017 data breach.

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Scalable Capital doubles client assets to €10 billion

Digital wealth management platform and online broker Scalable Capital has doubled client assets over the past 12 months to hit a high water mark of €10 billion in assets under management.

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Stock Exchange of Thailand creates SET Fin Lab

The Stock Exchange of Thailand (SET), in collaboration with Bloomberg, has set up a 'Fin Lab' to nurture the next generation of capital markets professionals.

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SoftBank hit with record losses amid tech slump

In a harbinger of hard times to come for financial technology fundraising, fintech cheerleader SoftBank has posted a record loss at its Vision Fund investment arm amid a rash of downgrades among its portfolio companies.

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Obscure fintech hits $310bn valuation in GameStop-style surge

In what appears to be a GameStop-style retail investor-frenzy, shares in a little-known Asian fintech have soared more than 21,000% since its IPO less than a month ago, making it more valuable than Bank of America.

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UK Parliament opens inquiry into crypto sector

A cross party group of UK parliamentarians has kicked off an inquiry in the UK's crypto and digital assets sector.

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Robinhood axes 23% of staff

Trading app Robinhood is laying off nearly a quarter of its staff, citing macroeconomic conditions and the cryptocurrency market's crash.

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ASX calls in Accenture to assess Chess replacement project

The Australian Securities Exchange (ASX) has called in consultants from Accenture to run the rule over its much-delayed blockchain-based post-trade network.

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Co-operative Bank shifts treasury operations to the cloud

The UK's Co-operative Bank is to migrate its treasury operations to the cloud, utilising Finastra's Kondor platform running on Microsoft Azure.

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UK legal taskforce probes rules underpinning securities issuance on blockchain

Legal experts in the UK have opened a public consultation on the legislative changes required to support the issuance and transfer of digital securities on blockchain and DLT systems.

/markets

Credit Suisse teams with Girls Who Code to diversify tech talent

Credit Suisse is collaborating with non-profit venture Girls Who Code to develop a pipeline of new technology talent for the bank's Wall Street operations.