Posts written by Sarah Rudolph

European regulators are looking into whether Binance has complied with securities rules over its launch of trading in stock tokens, which allow users outside the US, China and Turkey to trade equity shares through crypto coins, FT reports.

The proposed closing of the London Metal Exchange's trading floor is looking less certain after a backlash from major users. The LME board will meet Thursday to decide its future.

Massachusetts securities regulators on Thursday asked that Robinhood Financial's registration as a broker-dealer in the state be revoked, saying Robinhood has “continued a pattern of aggressively inducing and enticing trading among its customers."

Gary Gensler was confirmed by the Senate Wednesday to head the SEC, where he will lead work on new, stiffer federal regulations on oversight of major financial firms.

Bernard Madoff, the Manhattan investment adviser who defrauded clients of more than $19 billion in history’s largest Ponzi scheme, has died in prison at the age of 82.  

The fixed income platform provider MarketAxess completed its acquisition of MuniBrokers, an electronic venue for interdealer brokers and dealers, on April 9, The Trade reported.  

Hiromi Yamaji, the new head of the Tokyo Stock Exchange, told Nikkei he will push Japanese companies to adopt more robust governance rules in a major reorganization slated for next April.

CME Group Inc. said it will launch a futures contract for lithium, seeking to capitalize on growing demand for the metal, which helps to power electric vehicles. Trading is planned to begin May 3.

NZX signed a deal Thursday with the Singapore Exchange (SGX) for a strategic partnership agreement to scale up market distribution and liquidity in the global dairy derivatives market.

The U.K. launched a new regulatory body, the Digital Markets Unit, to police allegations of anticompetitive behavior among the world’s largest technology companies.

FEX Global, a new Australian futures exchange, announced it has contracted with Trading Technologies to provide the exchange’s trading participants with the company’s TT trading platform.

The Bank of Japan on Monday started studying the feasibility of issuing its own digital currency, joining other central banks in the effort to equal the innovation in the field achieved by the private sector, Reuters reported.

Goldman Sachs said Wednesday it would invest $10 billion over the next 10 years in businesses and organizations that benefit Black women, with the goal of narrowing the wealth gap between Black women and others.  

The London Metal Exchange's plans to permanently close its open outcry Ring, announced in January, have met vigorous opposition from brokers and industrial traders, the Financial Times reports. The Ring has been closed for a year because of the pandemic.