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Singapore-based fintech Xalts acquires digital trade platform Contour Network

TechCrunch: M&A

In a role reversal, Xalts, a Singapore fintech startup founded 18 months ago, has acquired Contour Network, a digital trade platform set up by eight major banks including HSBC, Standard Chartered and BNP.

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Deutsche Bank selects LSEG compliance solution

The TRADE

Deutsche Bank has chosen the London Stock Exchange Groups Trade Discovery compliance solution as it seeks to meet increasingly rigorous regulatory demands. Namely, accurate and comprehensive data specifically regarding cross-asset class financial instruments traded in regulated and over-the-counter (OTC) markets.

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Truist gets boost from investment banking

American Banker - Investment Banking

The North Carolina-based company reported a surge in third-quarter investment banking and trading income, which rose nearly 80% from the year-ago quarter.

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Central Bank of Kenya integrates Bloomberg matching platform for FX trading

The TRADE

The Central Bank of Kenya has launched Bloomberg’s Electronic Matching System (EMS), BMatch, for interbank trading in the local foreign exchange market. These orders are displayed and subsequently matched with counterparty orders “based on mutual trading limits and other parameters configured by each bank”.

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GFO-X names ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as strategic partners ahead of launch

The TRADE

ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial have been named as strategic partners for GFO-X ahead of its launch in Q1 2025. GFO-X is the UKs first regulated and centrally cleared trading venue dedicated to digital asset derivatives.

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New crypto trading venue aimed at banks and securities firms has launched as digital assets market infrastructure continues to evolve

The TRADE

RULEMATCH, a new crypto trading venue, serves banks and securities firms which are already active in the crypto market has launched, offering a combination of integrated, post-trade settlement and ultra-low latency for participants including hedge funds and high frequency traders.

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Bernstein’s financial research division taps Jefferies for new US bank analysts

The TRADE

Autonomous, the financial services research business division within Bernstein, has appointed two new US bank analysts. Ken Usdin has been appointed co-head of the Autonomous US business, covering large-cap banks alongside Dwight Collins, who heads the research business US sales team.

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