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Financial Markets / Trading
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AI Driven Investment Bank Euklid Closes Seed Funding at €10M Valuation

By FinSMEs

AI driven investment bank Euklid has completed its first seed funding.

Two unnamed financial industry vetarans made the approx. €375/400k investment in exchange of a 3/4% stake in the company. Following the closing of this seed, which valued the company at €10M, Euklid is to move its Headquarters to London* in order to implement their international strategies. The funds will allow the company to establish a NewCo in the UK and a RAIF fund in Luxembourg. (more…)

AI / Machine Learning / Big Data, Banks, Cryptocurrencies, Deals, Financial Markets / Trading, Fintech news

November 22, 2016

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New Software Brings Multiple Blockchains Into One Network, Will Target Crypto Investing

By Elliot Maras for CryptocoinsNews

Gavin Wood, former CTO of Ethereum and the founder of Parity Technologies, has partnered with a company called Melonport AG on a software for asset managers that supports interoperability among different blockchains with different proof of identity features. The first use will be cryptocurrency portfolios. (more…)

Blockchain, Cryptocurrencies, Financial Markets / Trading, Fintech news

November 19, 2016

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Myanmar’s Yangon Stock Exchange to Establish Blockchain-based Stock Exchange

By

Daiwa Securities Group, a Tokyo-based securities brokerage, will be working with Myanmar’s Yangon Stock Exchange (YSX) to establish a Blockchain-based stock exchange by integrating Daiwa’s equity trading into the Yangon exchange platform. (more…)

Blockchain, Financial Markets / Trading, Fintech news, Japan, Myanmar

November 17, 2016

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Wells Fargo partners SigFig on rob-advisor service

By Finextra

Wells Fargo is working with San Francisco-based wealth management technology startup SigFig on a digital advisory service that the bank will begin piloting next year. (more…)

AI / Machine Learning / Big Data, Banks, Bots, Financial Markets / Trading, Fintech news, PFM/PFP services

November 16, 2016

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Trading simulator TradeHero gets acquired by competitor Ayondo

By  for TechInAsia

TradeHero has found a hero of its own. The Singapore-based trading simulator startup has been acquired by Germany-headquartered Ayondo, a group that “invests in new technology and high-growth business models” in the banking sector. The group offers similar services to TradeHero. (more…)

Deals, Financial Markets / Trading, Fintech news, Singapore

November 15, 2016

Quantopian Raises $25M in Series C Financing

By FinSMEs

The round was led by venture capital firm Andreessen Horowitz with participation from earlier investors Bessemer Venture Partners, Steve Cohen’s Point72 Ventures, Khosla Ventures, and Spark Capital. In conjunction with the funding, Alex Rampell, a General Partner with Andreessen Horowitz is joining Quantopian’s Board of Directors. (more…)

Deals, Financial Markets / Trading, Fintech news

November 15, 2016

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Google’s big chance to disrupt the market data industry

By Finextra

Google has a great opportunity to disrupt financial services using a freemium model for the delivery of market news, insights and communications direct to professional desktops, says Adam Honore, founder of consultancy MarketsTech. (more…)

About, Financial Markets / Trading, Fintech news

November 7, 2016

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China Foreign Exchange Trade System joins R3

By Finextra

Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. (more…)

Banks, Blockchain, China, Financial Markets / Trading, Fintech news

November 5, 2016

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DLT: clearing away the payments debris?

By Finextra

Distributed ledger technology has the potential to ease a host of operational pain points with UK payment systems and could be particularly useful for reference data databases, a report from Whitechapel Think Tank (WTT) suggests. (more…)

Blockchain, Financial Markets / Trading, Fintech news, Marketing Report

November 2, 2016

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One Year After Graduating From the QC Fintech Accelerator: What Is Traderion Doing?

By LTP

Throughout the three years of dedicated ongoing research in the FinTech space, the LTP team has explored, defined and shaped the global FinTech startup ecosystem unlike anyone else. Eventually, LTP has decided to unveil how the 50+ worldwide FinTech accelerators are boosting the growth of the startups in their programs. For this scope, LTP will be interviewing the startups that have been part of the top notch FinTech accelerators and will share the results with its global audience. (more…)

About, Financial Markets / Trading, Interviews

October 28, 2016

NYC-based Electronic Trading Network AX Trading Group Secures $20M Investment

By FinSMEs

AX Trading Group, Inc., a NYC-based Electronic Trading Network, secured a $20m investment.

The source and the terms of the investment were not disclosed. (more…)

Deals, Financial Markets / Trading, Fintech news

October 27, 2016

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Russian and Chinese CSDs to co-operate on post-trade blockchain

By Finextra

During an official visit to China, National Settlement Depository (NSD), Russia’s central securities depository, signed a memorandum of understanding with China Securities Depository and Clearing Corporation Limited (CSDC), China’s central securities depository providing services to the Shanghai Stock Exchange and the Shenzhen Stock Exchange. (more…)

Blockchain, China, Financial Markets / Trading, Fintech news, Government activities

October 25, 2016

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Convergex licenses The OptionEyes

By Finextra

Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce that it has entered into an agreement granting it an exclusive license to The OptionEyes, a front-end technology platform that helps active traders manage and trade positions in an options or equity portfolio. (more…)

Financial Markets / Trading, Fintech news

October 25, 2016

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Japanese asset management startup WealthNavi raises $15M

By  for VentureBeat

Tokyo-based WealthNavi, the company offering a technology-based asset management service under the same name, announced on Wednesday that it has fundraised 1.5 billion yen (about $15 million) in a series B round. Participating companies in this round were SBI Holdings, SBI Investment, Mizuho Capital, SMBC Venture Capital, DBJ Capital, and Infinity Venture Partners. (more…)

Deals, Financial Markets / Trading, InspirAsia, Japan, PFM/PFP services

October 16, 2016

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This Bitcoin-Only Platform Reinvents Stock, Commodities & Forex Trading

By Elliot Maras for CCN

Whaleclub marks a new era in global financial markets as a trading platform that allows anyone to trade the markets with bitcoin, without needing to link a bank account. Traders can go long or short on cryptocurrencies, forex, commodities, indices, and stocks – using just bitcoin.

(more…)

Blockchain, Cryptocurrencies, Financial Markets / Trading

October 15, 2016

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DriveWealth and Alkanza bring robo advisory services to Latin America

By Finextra

DriveWealth, a U.S.-based broker-dealer, is pleased to announce its partnership with Alkanza Inc., a Silicon Valley based Registered Investment Advisor. (more…)

Financial Markets / Trading, PFM/PFP services

October 12, 2016

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Estonia’s Funderbeam is building a blockchain-based “stock exchange” for startups

By  for TechCrunch

Headed up by Kaidi Ruusalepp, who was previously CEO of the Nasdaq Tallinn stock exchange, Estonia’s Funderbeam is on a mission to build what she calls a “funding and trading engine for growth companies”. (more…)

Blockchain, Deals, Financial Markets / Trading

October 12, 2016

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Good technology today needs to be good technology tomorrow: how brokers are approaching their techno

By Brian Collings for Finextra

We are still seeing the impact of the post financial crisis regulatory changes taking effect and some very significant parts of it such as MiFID II have not even been implemented as yet.  However, we have already seen market participants and in particular UK brokers starting to make wholesale changes in their approach to technology. These can be boiled down into four key themes. (more…)

Financial Markets / Trading, Fintech news, Global trends

October 11, 2016

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Helping retail investors gain an edge

By Aaron Low for The Business Times

App that alerts retail investors of moves by the smart money takes top prize in early stage category. (more…)

Financial Markets / Trading, PFM/PFP services, Singapore

October 10, 2016

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Pound flash crash has traders blaming algorithmic trading for selling frenzy

By The Business Times

[SINGAPORE] Two minutes of chaos in Asian trading sparked a plunge in the pound to a 31-year low, with traders saying the slump was exacerbated by computer-initiated sell orders. (more…)

Financial Markets / Trading, news

October 7, 2016

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UK derivatives analytics firm OpenGamma raises $13.3 million from Accel, ICAP

By Jonathan Keane for tech.eu

OpenGamma, a London-based financial software and derivatives risk analytics provider, has raised $13.3 million from Accel and ICAP with participation from former SunGard CEO Cristóbal Conde. (more…)

Deals, Financial Markets / Trading

October 7, 2016

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IntercontinentalExchange completes take-over of S&P pricing and data units

By Finextra

Intercontinental Exchange (ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has today completed its all-cash acquisition of S&P Global’s (SPGI) Standard & Poor’s Securities Evaluations (SPSE), a leading provider of fixed income evaluated pricing, and Credit Market Analysis (CMA), a leading provider of independent data for the over-the-counter (OTC) markets, including credit derivatives and bonds. The transaction was announced in March. (more…)

Deals, Financial Markets / Trading

October 5, 2016

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Robinhood debuts advanced trading tools after processing $12 billion in transactions

By Ken Yeung for VentureBeat

Investment app Robinhood has set out to make stock trading simple and frictionless for the millennial generation. And while it already offers commission-free trading of stocks in the public space, there are users who want to do more. That’s why today the company is introducing Robinhood Gold, a premium suite of tools for experienced investors. (more…)

Financial Markets / Trading, Fintech news

September 29, 2016