LMAX Exchange has added bitcoin, ethereum, litecoin, ripple and bitcoin cash to its trading platform, hoping to draw banks, asset managers and wealth funds into the cryptocurrency market. LMAX's London data center will initially handle trading, though the exchange plans to establish LMAX Digital in Tokyo and New York in coming months.
The International Swaps and Derivatives Association plans to launch a consultation on contingency for derivatives if the London Interbank Offered Rate ends before participants move to another reference interest rate.
The Securities and Exchange Board of India has proposed opening some of the physical-commodity derivatives market to foreign entities, as recommended by the Commodity Derivatives Advisory Committee. "The participation by these entities may in the long run pave way for Indian markets in becoming price setters for some of the global commodities," the regulator says.
Accent Therapeutics, a startup researching the biology of RNA modification, has raised $40 million in a funding round. Co-founder Bob Copeland says the company will need additional funding before it takes its first drug to human testing.
The way to make America's startups more diverse is to get more women and minorities onto the capitalization table at the beginning of a company's life, according to entrepreneur and investor Sarah Kunst. "Founders should make sure to look for co-founders, advisers, employees and angels who are from varied backgrounds, a smart move given that diverse teams are smarter," she writes.
Ojo Labs, an artificial intelligence startup working on chatbots tailored to real estate businesses, raised $20.5 million in its most recent funding round. Investors included Realogy Holdings, Royal Bank of Canada, Northwestern Mutual Future Ventures and ServiceMaster.
La Belle Vie, an online grocery startup based in Paris, raised $6.5 million in its most recent funding round. The company plans to open a second warehouse in Paris and then expand in other cities, beginning with Lyon, France.
British online food and recipe platform Whisk has acquired one of its competitors, Germany-based Avocando. According to sources, the acquisition was an all-cash deal, and Avocando's team, technology and customers will all become part of Whisk.