Finma fines Swiss bank CEO $752,000 for insider trading
The executive used covert deposit accounts under his wife’s name.
Stock Exchange
Heidelpay seeks acquisitions and eventual IPO
“An IPO is of course always an option for fresh capital,” says CEO Mirko Huellemann.
Freetrade takes on Europe, starting with the Netherlands and Ireland
Germany and France are next on Freetrade’s list.
Volt closes $70m ahead of IPO plans
Volt plans for $50 million Series D round with British and Middle Eastern investors.
Starling Bank eyes 2022 IPO and expects to break even by 2021
Starling CEO: “I didn’t do all of this to sell out to a big bank”
British government investigating cyber-attack link to 2019 LSE outage
The August 2019 outage delayed trading by an hour and 40 minutes.
China suspends London-Shanghai exchange partnership
The rumoured order comes amid rising political tensions.
A market course correction will rein in overblown valuations in 2020
Recent disappointing IPO stories are sending investors back to the drawing board.
Freetrade brings first native full stack solution to UK
The exec team come from Snapchat, Google and KPMG.
Slovenia passes law requiring central bank to pay back 2013 losses
A build up of bad loans since the financial crisis saw investors lose out in 2013.
Australia’s paytech Tyro plans to float on country’s stock exchange and raise $173.2m
Tyro is also reportedly pursuing a $1 billion valuation.
Euronext and SIX head-to-head in race to acquire Madrid exchange
A bidding war could develop between the two firms.
Business payments platform Bill.com set to raise $100m in IPO
Underwriters listed include Goldman Sachs, BofA Securities and William Blair.
Visa sends Nigerian fintech Interswitch to unicorn status
Sources say Visa paid $200 million for a 20% stake.
UK start-up Freetrade raises $15m, inc. first-time investor Draper Esprit
Draper Esprit invested $7.5 million in the fintech.
India’s Yes Bank gets $1.2bn takeover offer from unnamed tech investor
Stocks soared as high as 39% following the announcement.
Hong Kong Exchanges and Clearing inks deal with Transaction Network Services
The agreement will see low-latency connectivity being offered to HKEX trading partners.
Beijing’s digital currency drives Chinese fintech stocks skyward
China’s fintechs have seen share price rises of up to 200%.
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
Sibos 2019: London could be “centre of the world” for RMB
HKEX CEO says stock exchange merger will boost UK capital
Sibos 2019: Interconnection will mean more flash crashes in FX
“You ain’t seen nothing yet,” says UBS.
JP Morgan and Societe Generale invest in trader fintech Wematch
Wematch is changing the way voice-traded financial markets operate.
HKEX £32bn bid for LSE faces rejection
HKEX’s proposal is conditional on LSE abandoning a $27bn acquisition of Refinitiv.
ICE’s Bakkt set to launch bitcoin futures contracts
Bakkt is “cleared to launch” its trading in bitcoin futures next month.
Technical glitch delays trading at LSE
The glitch caused LSE’s worst outage for eight years.
N26 sets sights on future IPO
“Our goal is to do for finance what Spotify did for music.”
Blade raises $4.3m from Coinbase
The crypto derivatives exchange is launching in three weeks.
CIBC chooses SEI wealth platform to drive growth
The technology provides an “enhanced, unified solution”.
B3 and Itiviti join forces for global connectivity
The stock exchange’s members can access the NYFIX portal.
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
TSE launches data sandbox for securities tech
Tokyo Stock Exchange calls for data and innovation partners.
Middle East’s first licenced crypto exchange Rain is live
It also closed a seed round of $2.5 million.
Digital US equities investment product launches in India
DriveWealth has partnered with Vested Finance.
SquareBook wins FCA approval to offer IPO services
The company hopes to tackle conflicts of interest in the IPO process.
Thailand grants Huobi digital asset trading licence
The company is the fifth to be granted a licence in the country.
Robinhood raises $323 million in Series E funding
The new round of funding values the company at $7.6 billion.
Nasdaq signs market tech agreement with Iraq Stock Exchange
Electro-trading was introduced for the first time in Iraq via Nasdaq’s platform in April 2009.
Blockchain firm Saga picks FIS for treasury management
Deloitte helped Saga pick its supplier.
Douugh goes public on ASX
The Aussie banking service targets $10m capital raise as first neobank on ASX.
ABX wins approval for crypto asset exchange and custodian
The exchange has its eyes set on bridging the gap between the MENA region and the rest of the world.
