Markets news

Markets headlines

Helix brings KYC processing to DeFi derivatives trading

16 h

SEC charges Archipelago with record-keeping violations

18 h

Delta Capita appoints SETL's Alan Philpot as chief product officer

21 h

Avenir to provide technology infrastructure for Tise private market

22 h

ZebPay unveils CryptoPacks for investment in thematic portfolios of crypto assets

23 h

Fintech startup Nao offers retail investment in private equity funds

23 h

SimCorp integrates with Clarity AI’s sustainability data

23 h

Deutsche Börse receives regulatory approval for takeover of SimCorp

24 Aug

Datasite acquires MergerLinks

23 Aug

HKEX makes senior IT appointments

23 Aug

More /markets announcements »

Graysacle secures SEC legal win over bitcoin ETF

A US federal appeals court has sided with an asset manager in a lawsuit against the Securities and Exchange Commission after the regulator denied an application to convert the Grayscale Bitcoin Trust into an exchange-traded fund.

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FNA awarded University of Cambridge grant to develop market monitoring tool

How can scaling up in the UK drive Fintech growth?

US Treasury sets out crypto tax reporting proposal

Yahoo buys social investing platform Commonstock

Better.com goes public

JPMorgan metals taders jailed over market manipulation scheme

Morgan Stanley hit with £5.4 million fine after energy traders used WhatsApp

Lightyear launches business investment account

TT boosts cross-asset offering with Abel Noser Solutions acquisition

SEC charges fintech investment adviser with violating marketing rule

[New Report] Can FIs lead the World's ESG charge with Pioneering and Transparent Data Visualisation?

Markets blogs

Fintech World

From Downturn to Success: Essential Strategies for Founders to Overcome Market Turmoil

Greg Waisman

Greg Waisman - Mercuryo - London

Payments strategies 2015-2020-2030

The Evolution of Payments: A Guide to Modern Payment Solutions

Jamel Derdour

Jamel Derdour - Transact365 / Nucleus365 - London

Preparing for upcoming UK regulatory changes - PS23/4

Anne Plested

Anne Plested - ION Markets - London

Fintech

A-book/B-book brokers: what the difference is and how to make a right choice

Elena Berestovaya

Elena Berestovaya - Ubanksy.com, UpTrader Software Design - New York

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Latest TV

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How can scaling up in the UK drive Fintech growth?

Louise Smith, Chair of Innovate Finance and WTW Neuron Digital Trading, talks with Richard Peers from Responsible Risk, about scaling and growing fintech companies in the UK, including how to effectively navigate the regulatory landscape and how to capitalize on available opportunities.

Finastra & Thunes: The Global Benefits & Potential Of Alternative Payment Rails

In the final episode of this 4-part FinextraTV series, Dawei Wang, Head of Strategic Partnerships, Thunes, and Tim Forster, Director, Sales and Strategic Partners, Financial Messaging Marketplaces at Finastra, discuss hot spots for cross-border payments. Exploring specific regions and markets, we cover cross-border payment democratization, the role of alternative payment rails in encouraging Financial Inclusion and reaching ESG goals, the business benefits they offer and how the trend extends to the US and Europe.

Revolutionising Treasury Teams

Michèle Zaquine, Director, Head of Propositions and Commercialisation Continental Europe, Global Payments Solutions, HSBC, speaks at EBAday 2023 about the impact payment trends will have on the future organisation of treasury teams. We explore how treasurers in the current market need to assess new technologies for their net benefits, including solution technologies such as APIs, to enhance treasury operations and by looking at transformations in the B2B and B2C industries.

Finastra: Keeping up with Instant Payments

In the third episode of this 4-part FinextraTV series, Barry Rodrigues, EVP Payments Business Unit at Finastra, explores key trends in the payments landscape and their impact on customers. Focusing on instant payments, he addresses what the disruption caused by new players in cross-border payments means for traditional Financial Institutions, how banks can adopt and support the introduction of new services and regulations by major markets, and strategies for helping FIs adapt to the evolving landscape.

The long read

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Paige McNamee

What does the Digital Securities Sandbox mean for UK capital markets?

Paige McNamee - Finextra Research

Discussion

Morgan Stanley hit with £5.4 million fine after energy traders used WhatsApp

A Finextra Member

A Finextra member

At an unnamed US operation of a foriegn IB, I was going through all billing (I'd been there maybe a year) from Bloomberg, and suddenly realized that I wasn't seeing anything from B Vault. I checked with another vendor, and learned that the latter made messaging available for downloading and review, but we didn't seem to be doing anything with it. From BB, we had something setup, but it was all a mystery. Got into it, and discovered that a few years earlier, it was being setup. But what I found made it clear that it hadn't been touched since then. Many current users were not set up, most had no managers set up to review their messaging (the managers actually cared, for the most part, though some didn't, and some didn't want anyone in their 'business').. Turns out that my then new boss had been in charge of the setup, then apparently walked away from it. I told him it was a problem, but it was like he was Sgt Schultz in Hogans Heroes - I see nothing, I hear Nothing, I know nothing. IOTW, don't bother me. Until his former coworkers in internal audit informed me that they wanted to see where things stood. Then my boss suddenly got religion. He was a tiny bit helpful in getting a few bosses to cooperate, not in actually doing things. A coworker and I basically set it up like new, learned how to administer it, And by the time I had to leave because my job was moving out of my commuting range (I WAS HYBRID, there was no good reason for it) we were mostly up again on BV. But of course, no one wanted to know about other such exposures. One sort of related thought; in my first full time Managing Market Data job, the trading floors had lockers for all phones. But no one used them. Surprise, surprise. Compliance in a major bank? Frequenty a huge, bad joke.

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Survey suggests industry divided on CBDCs

Nick Ogden

This result is not surprising. Whenever you innovate you get those that embrace and those that fear the impact. Part of the issue with a mixture of CBDC variants is that it needs a clear global demonstration of how a particular, say wCBDC could work. This would demonstrate its benefits, risks and issues to banks and regulators alike. The corollary is that we all now accept Swift, and the global interoperability of the Card schemes, but I wonder if a poll like this had been undertaken when the idea was proposed, what the results would have been? Anyone remember traveller or eurocheques ? Right for the time and now obsolete ?

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More banks pay multi-million dollar penalties over WhatsApp use

Ketharaman Swaminathan

Ketharaman Swaminathan

Further bluster from regulators. During the pandemic, a lot of BAU rules were arguably bent in order to keep the lights on. When they looked the other way at the time, it's terribly lame of regs to penalize companies now.

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Agile ESG reporting software key in evolving regulatory landscape

A Finextra Member

A Finextra member

I am not sure ESG is going to survive in its present format for too much longer.... The cracks are beginning to show in the 'Social' element as the public try to understand why banks and corporations are preaching to them whilst simultaneously behaving badly to its consumers. UK Banking? FMCG (Unilever/Russia), Hollywood and USA Brewing all spring to mind as recent examples of the ESG backlash. Even investors seem to be having second thoughts now.

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Featured

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India central bank to launch credit tech platform

Irish fintech funding slows down

Indonesia and Singapore set to introduce QR code payments

UK Growth Stage Fintech Fund launched by City grandees

The long read

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Ekaterina Almasque

Why the UK Government needs a more strategic R&D investment policy

Ekaterina Almasque - General Partner, OpenOcean

Elsewhere...

The long read

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Calypso Harland

Want to scale your fintech? Here’s why the UK is the obvious choice

Calypso Harland - Director, DevLab