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London Stock Exchange Group (LSEG) has agreed to acquire TORA, a cloud-based technology provider that supports customers trading multiple asset classes across global markets, for USD325 million.
Founded in 2004, TORA offers trading technology solutions. This includes an order and execution management system (OEMS) and portfolio management system (PMS) for customers trading equities, fixed income, FX, derivatives and digital assets. The addition of digital assets to LSEG’s trading capabilities strengthens its presence in this rapidly expanding asset class, at a time when institutional market participants are increasing exposure to crypto and other digital assets.
The transaction will further enhance the
The new Sustainable Trading membership network is dedicated to transforming environmental, social and governance (ESG) practices within the financial markets trading industry.
Led by industry veteran, Duncan Higgins, the network will bring firms together to devise practical solutions to industry specific ESG issues and develop a mechanism for self-assessment and benchmarking.
Sustainable Trading members will consider the environmental impact of how the financial trading industry builds, maintains, and operates trading infrastructure along with a focus on areas such as diversity, equity and inclusion, employee wellbeing, engagement with communities and a stakeholder-oriented approach to enterprise governance.
Membership of Sustainable
SEBA Bank, a fully integrated, FINMA licensed digital assets banking platform, has secured a Financial Services Permission (FSP) from Abu Dhabi Global Market (ADGM)’s Financial Services Regulatory Authority (“FSRA”) effective as of 7 February 2022.
Following receipt of this FSP, SEBA Bank has opened an office in Abu Dhabi ADGM to strengthen support for its regional partners in the provision of regulated digital asset services.
The FSP authorises SEBA Bank to conduct regulated activities in the ADGM, including advising on investments or credit, arranging credit and custody, and arranging deals in investments; pursuant to the Financial Services and Markets Regulations
Cryptocurrency Exchange EQONEX has launched BTC Dated Futures with physical settlement. This marks an important milestone in the company’s expanding product suite for experienced traders, enabling them to use commonly deployed derivatives trading strategies in cryptocurrency markets.
The Digital Pound Foundation (DPF) has formed a new strategic partnership with CryptoUK as part of its plans to foster a stronger ecosystem for new forms of digital money in the UK.
Incorporated in June 2021 and formally launched in October 2021, the DPF is an independent, non-profit organisation which works with a variety of stakeholders and participants towards the implementation of a well-designed digital Pound. As policy developments surrounding digital currencies are accelerating, the DPF is building partnerships with a number of key organisations to help strengthen the dialogue with policymakers and collaborate on developing best practices.
Launched
Two managers responsible for a suite of Allianz SE hedge funds that allegedly lost billions in the early days of the global pandemic, were sacked by the company, according to a report by Bloomberg.
Regulatory filings show that both Greg Tournant and Stephen Bond-Nelson were removed from their positions as managers of Allianz Global Investors Structured Alpha hedge funds in December for ‘violation of firm policies designed to ensure compliance with industry regulations and standards relating to the preparation and provision of client communications’, and ‘violation of firm compliance policies’, respectively. A third manager, Trevor Taylor, who was also involved
GCEX, an FCA regulated digital brokerage that enables brokers, funds and professional traders to access deep liquidity in digital assets and FX, has opened an office in Kuala Lumpur.
Graffiti Bears – the metaverse’s first entrepreneur-driven NFT community – has announced its much-anticipated pre-sale date, with 9,999 spectacular artworks going live on 2 March at 10pm GMT.
The Hoshi Labs project has amassed a 24,000-plus following across Discord and Twitter since its original launch in late December 2021 – turning heads for its unique business-focused concept and refreshing approach to NFT ownership.
Founded by two business partners who have enjoyed seven-figure success in the real world, Graffiti Bears is a self-sustaining community that enables members to pitch business ideas, make connections, and invest in companies created by other NFT holders.
Profits generated
Bitfrost has appointed Eva Lorenzo as Head of Compliance. In her role, Lorenzo will lead a team of staff responsible for ensuring regulatory compliance and organising licensing expansion in Gibraltar, Switzerland, Cyprus, Hong Kong and the UK.
Lorenzo is compliance and MLRO professional with more than 10 years of experience in expertly implementing appropriate local and international regulations.
Before joining Bitfrost, Lorenzo has served for INX Limited and Intertrader Limited where she focused on implementing a robust compliance and financial crime programme, compliance risk management, quantitative analytics and staff training.
Lorenzo´s first priority in terms of Bitfrost’s development is to
Short bets on the Australian dollar by leveraged hedge funds have hit their highest level since November according to a report by Bloomberg.
Bloomberg says the latest data from the Commodity Futures Trading Commission (CFTC), which covers up to 8 February, shows that futures and options investors have significantly upped their positions aimed at benefitting from a weakening of the currency.
The move came after Royal Bank of Australia Governor Philip Lowe pledged to remain patient in assessing inflation despite US and European central banks moving to tackle recent price growth.
