Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Members Exchange raises $65m to take on Nyse and Nasdaq

Members Exchange (MEMX), a new market operator hoping to take on Nyse, Nasdaq and Cboe Global Markets, has closed out a $65 million funding round, with investments from Wall Street heavyweight backers including Wells Fargo and BlackRock.

13 May 2020

/markets

Is it time to believe the blockchain hype?

Finextra Research has collaborated with Deloitte's Richard Walker, HSBC's Mark Williamson and Ciaron Roddy and BBVA's Francisco Maroto amongst others and to produce a detailed report on the future of blockchain technology in financial services: Where is the industry now? Where could it go? How do we get there?

12 May 2020

/markets

Climate change to the fore as Clim8 smashes crowdfunding target

Ethical investment app Clim8 has smashed through its pre-launch crowdfunding target, reaching £1.35 million from 1200 investors

12 May 2020

/markets

Lombard Odier Investment Managers launches global fintech strategy

Lombard Odier Investment Managers is to provide clients with a stock-picking strategy for investing in global fintech companies.

11 May 2020

/markets

Tradebook fined for fraudulent trade routing

Bloomberg Tradebook has been fined $5 million by the Securities and Exchange Commission for allegedly violating anti-fraud provision of securities law.

07 May 2020

/markets

OCC taps DLT for securities lending infrastructure

Equity derivatives clearing organisation OCC has selected Axoni to help it replace its securities lending infrastructure with distributed ledger technology.

05 May 2020

/markets

Citi spins off proxy voting platform to industry consortium

Citigroup is spinning off its electronic proxy voting platform Proximity to a consortium of banks who are backing the new venture with $20.5 million in fresh capital.

05 May 2020

/markets

SteelEye offers free trial of remote surveillance tech

Compliance outfit SteelEye is offering financial institutions a free 90-day trial of surveiilance tech capable of monitoring staff communications as they shift in and out of the office during the easing of lockdown restrictions.

05 May 2020

/markets

IHS Markit acquires Singapore trade reporting firm Catena

IHS Markit has acquired Catena Technologies, a regulatory trade reporting firm based in Singapore. Financial terms were not disclosed.

04 May 2020

/markets

ISX loses legal bid to suppress ASX reasons for share suspension

ISignthis, a provider of payment verification technology to help banks meets AML reporting obligations, has lost the first round its legal battle with the Australian Securities Exchange over the suspension of its shares, after a Federal Court over-ruled its attempt to prevent the ASX from outlining the reasons for its actions.

01 May 2020

/markets

ING and HSBC join £5.7 million funding round in TransFicc

Low latency trading and workflow outfit TransFicc has closed a series A investment round of £5.7 million led by Albion VC with participation from new investors ING and HSBC.

30 April 2020

/markets

Bloomberg extends market data lead over Refinitiv

Bloomberg has extended its lead over rival Refinitiv in the global market data business, accounting for 32.7% of total industry spending, according to research from Burton-Taylor.

30 April 2020

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