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Latest Results from /markets

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Big banks test DLT-based intraday FX swaps and repo trading platform

Teams from 14 banks, including Barclays, NatWest and Citi, have trialled a DLT-based intraday FX swap and repo trading platform from Finteum.

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UK financial regulators to be given powers over Big Tech cloud providers

The UK's financial regulators are to be given powers to test the resilience of big cloud providers like IBM, Google, Microsoft and Amazon and perform on-site inspections.

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Trade Republic raises €250m

German neobroker Trade Republic has topped up its Series C funding round with an extra €250 million at a €5 billion valuation.

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CFTC sues Gemini over 'false statements' relating bitcoin futures plan

The Commodity Futures Trading Commission (CFTC) has sued Gemini Trust accusing the crypto exchange of false statements relating to the self-certification of a bitcoin futures product.

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Crypto unicorn Gemini lays off 10% of workforce

Cryptocurrency exchange Gemini has become the latest fintech to announce layoffs, blaming "turbulent market conditions" for the decision to cut its headcount by about 10%.

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Binance launches $500 million Web3 venture fund

Digital asset exchange Binance has closed a $500 million venture fund for investing in Web3 and blockchain technology projects, with support from institutional investors.

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Regulators seek legal ground for revoking licences of firms who breach AML rules

European regulators are pushing for new laws that would give them the power to revoke licences for firms in serious breaches of anti-money laundering rules.

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Citi invests in document management spin out Arteria AI

Arteria AI, a document and contract management spin out from Deloitte, has received investments from the strategic investing arm of Citi's Global Spread Products division, and Canada's BDC Capital.

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Deutsche Bank exec quits over 'greenwashing' probe

Asoka Woehrmann, the chief executive of Deutsche Bank subsidiary DWS, has resigned after German law officials stormed its offices over claims that the company exaggerated the sustainable credentials of some of its financial products.

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Fintech business that started life in a cow shed raises $60 million

Stable, a fintech that uses hedgeing to protect businesses from volatile commodity prices, has closed a $60 million Series B round.

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Spiros Margaris and CFP launch active fintech value investment product

Fintech influencer and VC Spiros Margaris is to create a basket of fintech stocks for clients of Swiss investment management firm Cat Financial Products.

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Nomura leads $6 million investment in climate tech startup Allinfra

Climate tech startup Allinfra has raised $6 million in a Series A round led by Nomura.