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All the fintech & capital markets news fit to print – powered by Forefront Communications. Get our full Forefront Fintech Digest newsletter in your inbox each morning at 9am ET: forefrontcomms.com/fintech-digest

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Fintech News @fintechnews.bsky.social · 24/06/2024
"UBS names new head of capital markets financing sales for Americas" by Wesley Bray for The TRADE News: www.thetradenews.com/ubs-names-ne...
thetradenews.com
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.
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Fintech News @fintechnews.bsky.social · 20/06/2024
"EU to delay core element of Basel bank capital reforms by one year" by Huw Jones for Reuters: www.reuters.com/business/fin...
reuters.com
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.
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Fintech News @fintechnews.bsky.social · 20/06/2024
"Steve Cohen's Point72 Readies New Hedge Fund Targeting AI Stocks" by Hema Parmar for Bloomberg: www.bloomberg.com/news/article...
bloomberg.com
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.
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Fintech News @fintechnews.bsky.social · 20/06/2024
"Firstrade Unveils FirstradeGPT" by Anna Lyudvig for Traders Magazine: www.tradersmagazine.com/featured_art...
tradersmagazine.com
Firstrade Unveils FirstradeGPT - Traders Magazine
Tool provides retail investors with AI-driven analysis and actionable market insights.
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Fintech News @fintechnews.bsky.social · 18/06/2024
"Indonesia Stock Exchange Partners with Nasdaq to Upgrade Market Infrastructure" by Staff for Traders Magazine: www.tradersmagazine.com/xtra/indones...
tradersmagazine.com
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.
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Fintech News @fintechnews.bsky.social · 18/06/2024
"Verto launches African currencies FX marketplace" by Alex Pugh for Global Trading: www.globaltrading.net/verto-launch...
globaltrading.net
Verto launches African currencies FX marketplace | Global Trading
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Fintech News @fintechnews.bsky.social · 17/06/2024
"Advent International, ADIA Buy Stake in Fisher Investments" by Staff for Markets Media: www.marketsmedia.com/advent-inter...
marketsmedia.com
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.
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Fintech News @fintechnews.bsky.social · 17/06/2024
"Model teams fear budget cuts as FRTB wipeout loans" by Samuel Wilkes for Risk: www.risk.net/regulation/7...
risk.net
Model teams fear budget cuts as FRTB wipeout looms - Risk.net
Senior modellers think supervisory intervention is needed to prevent funding drought
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Fintech News @fintechnews.bsky.social · 17/06/2024
"DXtrade Teams Up with Sage Capital to Boost Crypto Liquidity for Brokers" by Jared Kirui for Finance Magnates: www.financemagnates.com/cryptocurren...
financemagnates.com
DXtrade Teams Up with Sage Capital to Boost Crypto Liquidity for Brokers
DXtrade has partnered with Sage Capital Management to offer brokers crypto liquidity.
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Fintech News @fintechnews.bsky.social · 13/06/2024
"AlphaSense Acquires Rival Tegus for $930m, Valuation Tops $4BN" by Cameron Emanuel-Burns for Fintech Futures: www.fintechfutures.com/2024/06/alph...
fintechfutures.com
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.
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Fintech News @fintechnews.bsky.social · 13/06/2024
"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...
businessinsider.com
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.
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Fintech News @fintechnews.bsky.social · 13/06/2024
"Bitfarms pushes back against Riot's $950M takeover attempt" by Arijit Sarkar for Cointelegraph: cointelegraph.com/news/riot-95...
cointelegraph.com
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.
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Fintech News @fintechnews.bsky.social · 12/06/2024
"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/...
businessinsider.com
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.
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Fintech News @fintechnews.bsky.social · 12/06/2024
"BNY Mellon's Pershing Integrating Platforms for Advisors" by Shanny Bassar for Traders Magazine: www.tradersmagazine.com/am/bny-mello...
tradersmagazine.com
BNY Mellon's Pershing Integrating Platforms for Advisors - Traders Magazine
Advisors can move more seamlessly between custody and wealth management platforms.
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Fintech News @fintechnews.bsky.social · 12/06/2024
"Spectrum Markets Launches ETFs Trading for European Retail Investors" by Annabel Smith for The TRADE News: www.thetradenews.com/spectrum-mar...
thetradenews.com
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.
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Fintech News @fintechnews.bsky.social · 11/06/2024
"Fireblocks Partners With Coinbase International to Extend Security, Governance and Policy Support" by Brian McGleenon for @theblock.bsky.social: www.theblock.co/post/299324/...
theblock.co
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.
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Fintech News @fintechnews.bsky.social · 11/06/2024
"Tradeweb and FTSE Russell Launch Combined US Treasury Closing Prices" by Wesley Bray for The TRADE News: www.thetradenews.com/tradeweb-and...
thetradenews.com
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.
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Fintech News @fintechnews.bsky.social · 11/06/2024
"JPMorgan Hires New Chief Technology Officer, Memo Says" by Nupur Anand for Reuters: www.reuters.com/business/fin...
reuters.com
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.
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Fintech News @fintechnews.bsky.social · 10/06/2024
“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...
dlnews.com
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.
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Fintech News @fintechnews.bsky.social · 10/06/2024
"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...
thetradenews.com
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.
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Fintech News @fintechnews.bsky.social · 10/06/2024
"State Street names new global markets head for continental Europe" by Annabel Smith for The TRADE News: www.thetradenews.com/state-street...
thetradenews.com
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.
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Fintech News @fintechnews.bsky.social · 07/06/2024
"As legal letters fly, Cusip licensing debate rolls on" by Rebecca Natale for WatersTechnology: www.waterstechnology.com/data-managem...
waterstechnology.com
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.
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Fintech News @fintechnews.bsky.social · 07/06/2024
"BNY Mellon's Pershing Integrating Platforms for Advisors" by Shanny Basar for Traders Magazine: www.tradersmagazine.com/am/bny-mello...
tradersmagazine.com
BNY Mellon's Pershing Integrating Platforms for Advisors - Traders Magazine
Advisors can move more seamlessly between custody and wealth management platforms.
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Fintech News @fintechnews.bsky.social · 07/06/2024
"Texan stock exchange start-up draws sceptical industry response" by Jennifer Hughes for The Financial Times: www.ft.com/content/9fd3...
ft.com
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
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Fintech News @fintechnews.bsky.social · 06/06/2024
"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...
bloomberg.com
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 ...
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Fintech News @fintechnews.bsky.social · 06/06/2024
"John Palmer to Lead New Markets at IEX, Driving Future Expansion" via PRNewswire: www.prnewswire.com/news-release...
prnewswire.com
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...
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Fintech News @fintechnews.bsky.social · 06/06/2024
"Bakkt Teams with Crossover Markets to Power “BakktX” ECN with High-Performance Technology" via Crossover Markets: crossovermarkets.com/bakkt-teams-...
crossovermarkets.com
Bakkt Teams with Crossover Markets to Power “BakktX” ECN with High-Performance Technology - Crossover
Bakkt to further its U.S. institutional capabilities with its own high-performance trading venue Crossover Markets to provide cutting-edge technology, including customized liquidity solutions combined...
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Fintech News @fintechnews.bsky.social · 05/06/2024
"FTX and IRS reach settlement for approximately $885M" by Katherine Ross for Blockworks: blockworks.co/news/ftx-irs...
blockworks.co
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.
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Fintech News @fintechnews.bsky.social · 05/06/2024
"Bloomberg Unveils Enhancement to FX Execution Offering in Wake of T+1" by Claudia Preece for The TRADE News: www.thetradenews.com/bloomberg-un...
thetradenews.com
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.
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Fintech News @fintechnews.bsky.social · 05/06/2024
"New Texas Stock Exchange Takes Aim at New York’s Dominance" by Corrie Driebusch for The Wall Street Journal: www.wsj.com/finance/regu...
wsj.com
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Fintech News @fintechnews.bsky.social · 04/06/2024
"Crypto’s Push to Put More Tokens Into ETFs Faces Huge Hurdles" by Vicky Ge Huang for the Wall Street Journal: www.wsj.com/livecoverage...
wsj.com
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Fintech News @fintechnews.bsky.social · 04/06/2024
"Societe Generale Americas Expands Equity Capital Markets Team With Three New Hires" by Annabel Smith for The TRADE News: www.thetradenews.com/societe-gene...
thetradenews.com
Societe Generale Americas expands equity capital markets team with three new hires - The TRADE
Incoming individuals will report to recently appointed global co-head of equity capital markets, Jeff Mortara, who joined the bank in May from UBS.
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Fintech News @fintechnews.bsky.social · 03/06/2024
"Hedge fund Jain Global hires a 27-year Credit Suisse front office veteran" by Alex McMurray for eFinancialCareers: www.efinancialcareers.com/news/hedge-f...
efinancialcareers.com
Hedge fund Jain Global hires a 27-year Credit Suisse front office veteran
And he's not the only one joining.
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Fintech News @fintechnews.bsky.social · 03/06/2024
"U.S. President Biden Vetoes Resolution Overturning SEC Guidance" by @nikhileshde.bsky.social for @coindesk.com: www.coindesk.com/policy/2024/...
coindesk.com
U.S. President Biden Vetoes Resolution Overturning SEC Guidance
Joe Biden said he would veto the resolution before the House or Senate voted on it.
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Fintech News @fintechnews.bsky.social · 03/06/2024
"UBS Group completes next stage of Credit Suisse merger" by Lucy Carter for Global Trading: www.globaltrading.net/ubs-group-co...
globaltrading.net
UBS Group completes next stage of Credit Suisse merger | Global Trading
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Fintech News @fintechnews.bsky.social · 31/05/2024
"Leading the charge: Nitin Tandon spearheads Vanguard’s tech ambitions" by Eliot Raman Jones for WatersTechnology: www.waterstechnology.com/emerging-tec...
waterstechnology.com
Leading the charge: Nitin Tandon spearheads Vanguard’s tech ambitions - WatersTechnology.com
The asset manager’s CIO is drawing on his past experiences to propel the 49-year-old firm into the future.
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Fintech News @fintechnews.bsky.social · 31/05/2024
"Wall Street Aces Big T+1 Test With No Rise in Failed Trades" by Greg Ritchie for @bloomberg.com: www.bloomberg.com/news/article...
bloomberg.com
Wall Street Passes Early T+1 Test With No Rise in Failed Trades
The proportion of US securities transactions failing to settle remained largely steady on Wednesday, as Wall Street aced the first major test of its move to a faster trading system.
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Fintech News @fintechnews.bsky.social · 31/05/2024
"Market Maker Citadel Securities Lures Goldman Sachs Veteran Jim Esposito to Its Ranks" by Joshua Franklin & Harriet Agnew for @financialtimes.com: www.ft.com/content/3184...
ft.com
Market maker Citadel Securities lures Goldman Sachs veteran Jim Esposito to its ranks
Investment banker left Wall Street lender in January and will become president of high-frequency trading firm
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Fintech News @fintechnews.bsky.social · 30/05/2024
"NYSE Plans Bitcoin Options, Bringing Another TradFi Giant Into Crypto" by Stephen Alpher for @coindesk.com: www.coindesk.com/business/202...
coindesk.com
NYSE Plans Bitcoin Options, Bringing Another TradFi Giant Into Crypto
CoinDesk Indices' XBX is currently the benchmark for $20 billion in ETF assets under management.
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Fintech News @fintechnews.bsky.social · 30/05/2024
"Broadridge and JP Morgan Accelerate Repo Settlement" from Markets Media: www.marketsmedia.com/broadridge-a...
marketsmedia.com
Broadridge and JP Morgan Accelerate Repo Settlement - Markets Media
Using JPM Coin on Broadridge's distributed ledger repo platform allows faster and more flexible settlement.
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Fintech News @fintechnews.bsky.social · 30/05/2024
"LMAX Group Hires XTX Markets Alum Chris Knight as Managing Director" by Gerald Segal for FX News Group: fxnewsgroup.com/forex-news/e...
fxnewsgroup.com
LMAX Group hires XTX Markets alum Chris Knight as Managing Director
Chris Knight will oversee the operations and future growth strategy of the LMAX Digital institutional crypto currency exchange business.
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Fintech News @fintechnews.bsky.social · 29/05/2024
"FTX’s Ryan Salame, One of Sam Bankman-Fried’s Associates, Is Sentenced to 7½ Years" by Caitlin Ostroff for The Wall Street Journal: www.wsj.com/finance/curr...
wsj.com
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Fintech News @fintechnews.bsky.social · 29/05/2024
"Ex-DeepMind Trio Bring Algos, AI Poker Prowess to Tower Research" by @justinaknope.bsky.social for @bloomberg.com: www.bloomberg.com/news/article...
bloomberg.com
Ex-DeepMind Trio Bring Algos, AI Poker Prowess to Tower Research
A systematic-trading startup founded by three alumni from Google DeepMind is bringing its algorithms to Tower Research Capital — including a little AI poker-playing prowess.
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Fintech News @fintechnews.bsky.social · 29/05/2024
"Marex and Stifel Enter Prime Brokerage Referral Partnership" by Lucy Carter for Global Trading: www.globaltrading.net/marex-and-st...
globaltrading.net
Marex and Stifel enter prime brokerage referral partnership | Global Trading
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Fintech News @fintechnews.bsky.social · 28/05/2024
"What faster trading cycles will mean for US markets" by Jennifer Hughes and Harriet Clarfelt for @financialtimes.com: www.ft.com/content/f34a...
ft.com
What faster trading cycles will mean for US markets
This week’s move to ‘T+1’ reduces settlement risk, but causes headaches for overseas investors
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Fintech News @fintechnews.bsky.social · 28/05/2024
"Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered" by Jesse Hamilton for @coindesk.com: www.coindesk.com/policy/2024/...
coindesk.com
Coinbase Slugs It Out With U.S. SEC in Effort to Get Key Crypto Question Answered
The exchange filed another response in court in its ongoing request to appeal a single legal point at the heart of the industry's dispute with the Securities and Exchange Commission.
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Fintech News @fintechnews.bsky.social · 28/05/2024
"JP Morgan to Pay $100m For Client Order Monitoring Failures" via Finextra: www.finextra.com/newsarticle/...
finextra.com
JP Morgan to pay $100m for client order monitoring failures
JP Morgan will pay $100 million to settle a CFTC probe that concluded the bank failed to properly monitor billions of client orders between 2014 and 2021.
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Fintech News @fintechnews.bsky.social · 24/05/2024
"Here's why other cryptocurrencies may face a harder time getting their own ETFs" by James Hunt for @theblock.bsky.social: www.theblock.co/post/296595/...
theblock.co
Here's why other cryptocurrencies may face a harder time getting their own ETFs
Attention has turned toward which cryptocurrencies could receive an ETF wrapper next, with Solana top of the speculative list.
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Fintech News @fintechnews.bsky.social · 24/05/2024
"How Trades Speed Between Venues" by Phil Mackintosh of Nasdaq: www.nasdaq.com/articles/how...
nasdaq.com
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Fintech News @fintechnews.bsky.social · 24/05/2024
"Crypto firm VersiFi, co-led by former Genesis exec, acquires trading tech startup Ather Digital" by Yogita Khatri for The Block: www.theblock.co/post/296317/...
theblock.co
Crypto firm VersiFi, co-led by former Genesis exec, acquires trading tech startup Ather Digital
VersiFi, a crypto trading and lending firm co-led by a former Genesis executive, has acquired Ather Digital for an undisclosed sum.
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