Acquisition Helps Deutsche Bank’s Global Strategy Deutsche Bank reports that it has agreed to an all-cash offer of $511 million for the acquisition of London-based corporate broking and advisory firm Numis Corp., and that the transaction will allow the German banking giant to advance its Global Hausbank strategy. Numis provides strategic advice and capital market… Read More >>
Coinbase Sues SEC for Crypto Clarity
A big cryptography firm is suing a big government regulator. It may be a pivotal moment in the sometimes fraught relationship between crypto and the U.S. Securities and Exchange Commission (SEC). Paul Grewal, Coinbase’s chief legal officer, says that the crypto exchange is taking “another formal step to seek regulatory clarity from SEC for the crypto… Read More >>
Business Venture to Apply DLT to Post-Trade Ops
Capital markets consultancy Delta Capita has acquired a key distributed ledger technology (DLT) business from settlement technology provider SETL and will make it the core of a new venture, Delta Capita Distributed Ledger Services, that already has an anchor client, the Montis Group. As the first client for the new venture, the Montis Group, which… Read More >>
Broadridge’s NYFIX Links to Linedata OMS & Other News
Broadridge Expands Partnership with Linedata The NYFIX Matching solution from Broadridge Financial Solutions will be integrated with the Longview order management system (OMS) from Linedata to provide more automation for NYFIX’s middle- and back-office functions, officials say. To make more automation possible, Broadridge expanded its partnership with Linedata, a provider of asset management and credit… Read More >>
T. Rowe Price & Others to Test Public Blockchains
While the hype surrounding blockchain technology cooled long ago, the hope remains that it will yield trading technology breakthroughs. With that hope in mind, T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland are “an initial cohort” of financial services firms participating in a test of public blockchain infrastructure. They will explore the benefits of… Read More >>
UBS Completes Repo Trade via Blockchain & Other News
Banks Use Broadridge DLR Platform UBS and an unnamed Asian bank have “executed the first cross-border intraday repo transaction on Broadridge’s blockchain-enabled Distributed Ledger Repo (DLR) platform,” according to operations, systems, and services provider Broadridge Financial Solutions. The intraday trade “marks the launch of the next phase in the rollout of Broadridge’s DLR platform …… Read More >>
CFTC Charges Binance Founder With Evading U.S. Law
The U.S. Commodity Futures Trading Commission (CFTC) reports it has “filed a civil enforcement action charging [Binance founder] Changpeng Zhao [CZ] and three entities that operate the Binance platform with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.” The CFTC complaint, filed in the U.S. District Court for the Northern District of… Read More >>
Crypto Crash Fugitive Arrested in Montenegro
Do Hyeong Kwon, the alleged mastermind of a cryptocurrency fraud, has been arrested by authorities in Montenegro, a Balkan country, far from Terraform Labs, the company Kwon co-founded in Singapore. “One of the world’s most wanted fugitives was arrested in Podgorica,” according to Filip Adzic, the interior minister for Montenegro, who posted an update via… Read More >>
New York’s Attorney General Takes On CoinEx
‘Oops!’ isn’t good enough. There are consequences if you don’t follow the rules. That goes for crypto too. The Empire State’s Attorney General has sued a cryptocurrency platform “for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange.” A.G. Letitia James alleges CoinEx, the cryptocurrency exchange… Read More >>
FTF & the VX Launch the FTF Research Institute!
FTF officially launched the FTF News service on Valentine’s Day 2011, and I’m happy to say that 12 years later, we are still going strong. Perhaps for the sake of inviting good luck, on Valentine’s Day 2023, FTF and the ValueExchange (the VX) officially launched the FTF Research Institute, formed through a new partnership with… Read More >>
