Vela Trading has partnered with CoinRoutes to launch crypto-asset capabilities to the Vela product stack by deploying its Smart Order Routing (SOR) platform. The program is designed to provide clients with immediate electronic access to crypto-asset trading exchanges.
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KPMG has found that global fintech funding rose by 120 percent to $111.8B in 2018 from $50.8B in 2017, mainly driven by mega M&A and buyout deals such as Blackstone’s $17B investment in Refinitiv in H2’18 and the $12.86B acquisition of WorldPay by Vantiv in H1’18.
Canadian financial services company TMX Group, owner of Toronto Stock Exchange has released its fourth quarter financial results. The group continued with its strong third quarter and in fourth-quarter, the profits have topped the analyst estimate as it recorded strong growth in performance of its global solutions, insights and analytics business.
German exchange operator, Deutsche Börse AG has released its preliminary Q4, FY 18 and full year 2018 financial report. The exchange operator during the quarter has posted worse than expected fall in net profits and has also presented a grim outlook for 2019 due to a slowdown in the global economy.
The partnership will allow Deutsche Bank to become the first Tier 1 bank to use a public cloud-based service for managing margin calls with its own counterparties.