article thumbnail

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.

Trading 310
article thumbnail

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.

Banking 62
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

This partially explains why sports investment banking has become a hot field, with JP Morgan and Goldman Sachs launching their own sports coverage groups. For a long time, sports teams and franchises were not worth that much, so banks rarely put their “A-Teams” on these deals. What is Sports Investment Banking?

article thumbnail

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”.

Trading 104
article thumbnail

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.

Trading 120
article thumbnail

Banks on course for blockbuster 2024 trading revenues

Financial Times - Banking

Numbers for fixed-income and equities trading expected to surpass 2022 when invasion of Ukraine rocked markets

Trading 108
article thumbnail

HSBC and the Bank of East Asia execute first Hong Kong repo trade using digital bonds

The TRADE

HSBC has executed a Hong Kong dollar repo transaction with the Bank of East Asia (BEA), which used Hong Kong government digitally native green bonds as collateral for financing purposes. According to the bank, this was the largest digital bond issuance globally, alongside being the first multi-currency digital bond issuance.

Trading 109