Fintech News

UBS names new head of capital markets financing sales for Americas - The TRADE New appointment joins from Barclays, where he most recently served as head of Delta One sales for the Americas since 2009.

"UBS names new head of capital markets financing sales for Americas" by Wesley Bray for The TRADE News: www.thetradenews.com/ubs-names-ne...

EU to delay core element of Basel bank capital reforms by one year The European Union will delay a core element of global reforms to bank capital rules by one year to January 2026, the bloc's financial services chief said on Tuesday, to ensure a level playing field between EU banks and their U.S. rivals.

"EU to delay core element of Basel bank capital reforms by one year" by Huw Jones for Reuters: www.reuters.com/business/fin...

Steve Cohen’s Point72 Readies New Hedge Fund Targeting AI Stocks Steve Cohen’s Point72 Asset Management is seeking to raise about $1 billion for a new stock-picking hedge fund focused on artificial intelligence, according to people familiar with the matter.

"Steve Cohen's Point72 Readies New Hedge Fund Targeting AI Stocks" by Hema Parmar for Bloomberg: www.bloomberg.com/news/article...

Firstrade Unveils FirstradeGPT - Traders Magazine Tool provides retail investors with AI-driven analysis and actionable market insights.

"Firstrade Unveils FirstradeGPT" by Anna Lyudvig for Traders Magazine:
www.tradersmagazine.com/featured_art...

Indonesia Stock Exchange Partners with Nasdaq to Upgrade Market Infrastructure - Traders Magazine Aim is to enhance resilience and integrity, while quickening the deployment of new products and services.

"Indonesia Stock Exchange Partners with Nasdaq to Upgrade Market Infrastructure" by Staff for Traders Magazine: www.tradersmagazine.com/xtra/indones...

"Verto launches African currencies FX marketplace" by Alex Pugh for Global Trading: www.globaltrading.net/verto-launch...

Advent International, ADIA Buy Stake in Fisher Investments - Markets Media The investment at between $2.5bn and $3bn values Fisher Investments at $12.75 bn.

"Advent International, ADIA Buy Stake in Fisher Investments" by Staff for Markets Media: www.marketsmedia.com/advent-inter...

Model teams fear budget cuts as FRTB wipeout looms - Risk.net Senior modellers think supervisory intervention is needed to prevent funding drought

"Model teams fear budget cuts as FRTB wipeout loans" by Samuel Wilkes for Risk: www.risk.net/regulation/7...

DXtrade Teams Up with Sage Capital to Boost Crypto Liquidity for Brokers DXtrade has partnered with Sage Capital Management to offer brokers crypto liquidity.

"DXtrade Teams Up with Sage Capital to Boost Crypto Liquidity for Brokers" by Jared Kirui for Finance Magnates: www.financemagnates.com/cryptocurren...

AlphaSense acquires rival Tegus for $930m, valuation tops $4bn - FinTech Futures: Fintech news Market intelligence platform AlphaSense is set to acquire Tegus, a provider of corporate intelligence solutions, in a deal totalling $930 million.

"AlphaSense Acquires Rival Tegus for $930m, Valuation Tops $4BN" by Cameron Emanuel-Burns for Fintech Futures: www.fintechfutures.com/2024/06/alph...

Blackstone in deal to expand its Manhattan headquarters by 30% in the latest sign of growth Blackstone is in a deal to expand its Manhattan headquarters after hitting $1 trillion in assets. Head count has soared 50% in the last three years.

"Blackstone in Deal to Expand Its Manhattan Headquarters by 30% in Latest Sign of Growth" by Daniel Geiger and Alex Nicoll for Business Insider: www.businessinsider.com/blackstone-d...

Bitfarms pushes back against Riot’s $950M takeover attempt Canadian Bitcoin miner Bitfarms has rejected a $950 million buyout offer from Riot Platforms, claiming the bid undervalues the company and does not serve shareholder interests.

"Bitfarms pushes back against Riot's $950M takeover attempt" by Arijit Sarkar for Cointelegraph: cointelegraph.com/news/riot-95...

Business Insider - Latest News in Tech, Markets, Economy & Innovation Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.

"The Future of FinTech: Industry-Leader QuantVue Launches New Automated Trading Suite For Proprietary Firm Evaluation Success" by Staff for @businessinsider.com markets.businessinsider.com/news/stocks/...

BNY Mellon's Pershing Integrating Platforms for Advisors - Traders Magazine Advisors can move more seamlessly between custody and wealth management platforms.

"BNY Mellon's Pershing Integrating Platforms for Advisors" by Shanny Bassar for Traders Magazine: www.tradersmagazine.com/am/bny-mello...

Spectrum Markets launches ETFs trading for European retail investors - The TRADE German market maker ICF BANK AG will be the exclusive liquidity provider for ETFs on the venue.

"Spectrum Markets Launches ETFs Trading for European Retail Investors" by Annabel Smith for The TRADE News: www.thetradenews.com/spectrum-mar...

Fireblocks partners with Coinbase International to extend security, governance and policy support Fireblocks is expanding its platform connectivity to Coinbase International, offering clients enhanced security controls.

"Fireblocks Partners With Coinbase International to Extend Security, Governance and Policy Support" by Brian McGleenon for @theblock.bsky.social: www.theblock.co/post/299324/...

Tradeweb and FTSE Russell launch combined US Treasury closing prices - The TRADE New development will utilise an improved methodology which helps enable additional transparency into bid and offer price information.

"Tradeweb and FTSE Russell Launch Combined US Treasury Closing Prices" by Wesley Bray for The TRADE News: www.thetradenews.com/tradeweb-and...

JPMorgan hires new chief technology officer, memo says JPMorgan Chase hired former PayPal executive Sri Shivananda as its new chief technology officer (CTO), the bank said in a memo on Monday, the latest senior hire tasked with deploying some of its $17 billion tech budget.

"JPMorgan Hires New Chief Technology Officer, Memo Says" by Nupur Anand for Reuters: www.reuters.com/business/fin...

Binance marks 200m global users in spite of leadership change, fines and setbacks The world's biggest crypto exchange has continued to grow amid difficulties.

“Binance Marks 200M Global Users in Spite of Leadership Change, Fines and Setbacks” by Mike Millard for @dlnews.bsky.social: www.dlnews.com/articles/sna...

Credit Suisse agrees to sell 67% stake in Credit Suisse Investment Partners to BANTLEON - The TRADE Following the completed transaction, CSIP will operate as BANTLEON Convertible Experts and will maintain existing leadership.

"Credit Suisse agrees to sell 67% stake in Credit Suisse Investment Partners to BANTLEON" by Wesley Bray for The TRADE News: www.thetradenews.com/credit-suiss...

State Street names new global markets head for continental Europe - The TRADE Appointed individual has been with State Street since 2021 and has previously served at UBS and Credit Suisse.

"State Street names new global markets head for continental Europe" by Annabel Smith for The TRADE News: www.thetradenews.com/state-street...

As legal letters fly, Cusip licensing debate rolls on - WatersTechnology.com Cusip Global Services’ licensing agreements with third-party data providers sit at the heart of the antitrust case against itself and three others.

"As legal letters fly, Cusip licensing debate rolls on" by Rebecca Natale for WatersTechnology: www.waterstechnology.com/data-managem...

BNY Mellon's Pershing Integrating Platforms for Advisors - Traders Magazine Advisors can move more seamlessly between custody and wealth management platforms.

"BNY Mellon's Pershing Integrating Platforms for Advisors" by Shanny Basar for Traders Magazine: www.tradersmagazine.com/am/bny-mello...

Texan stock exchange start-up draws sceptical industry response BlackRock and Citadel Securities have backed a bourse hoping to challenge Nasdaq and NYSE for listings

"Texan stock exchange start-up draws sceptical industry response" by Jennifer Hughes for The Financial Times: www.ft.com/content/9fd3...

SEC Hedge Fund Fee Disclosure Rule Struck Down by US Court A federal appeals court struck down the US Securities and Exchange Commission’s rules requiring hedge funds and private equity firms to detail quarterly fees and expenses to investors — a significant ...

"SEC Hedge Fund Fee Disclosure Rule Struck Down by US Court" by Madlin Mekelburg and Rachel Graf for @bloomberg.com: www.bloomberg.com/news/article...

John Palmer to Lead New Markets at IEX, Driving Future Expansion /PRNewswire/ -- Taking the next step in its growth journey, IEX Group, Inc. (IEX) today announced the appointment of John Palmer to lead its efforts to build...

"John Palmer to Lead New Markets at IEX, Driving Future Expansion" via PRNewswire: www.prnewswire.com/news-release...

"Bakkt Teams with Crossover Markets to Power “BakktX” ECN with High-Performance Technology" via Crossover Markets: crossovermarkets.com/bakkt-teams-...

FTX and IRS reach settlement for approximately $885M FTX debtors will pay the IRS $200 million, with an outstanding lower priority claim of $685 million.

"FTX and IRS reach settlement for approximately $885M" by Katherine Ross for Blockworks: blockworks.co/news/ftx-irs...

Bloomberg unveils enhancement to FX execution offering in wake of T+1 - The TRADE Service will allow users to send FX orders into executing counterparts without being present in said time zone; initial launch extends to currencies including USD, GBP, HKD, EUR, and JPY.

"Bloomberg Unveils Enhancement to FX Execution Offering in Wake of T+1" by Claudia Preece for The TRADE News: www.thetradenews.com/bloomberg-un...

"New Texas Stock Exchange Takes Aim at New York’s Dominance" by Corrie Driebusch for The Wall Street Journal: www.wsj.com/finance/regu...