Financial Markets
Top stories summarized by our editors
1/24/2020

In a Bank for International Settlements survey of 66 central banks, 20% said they may issue a digital currency within the next six years, with 10% saying they plan to make the move in three years.

1/24/2020

Singapore Exchange is paying €186 million to acquire a 93% stake in independent index provider Scientific Beta Pte Ltd. "Besides being complementary to our existing SGX Index Edge thematic and custom index capabilities, we also see new product opportunities based on Scientific Beta's indices," says SGX chief Loh Boon Chye.

More Summaries:
Singapore Exchange
1/24/2020

FIA has asked the Commodity Futures Trading Commission to consider an amendment to its margin rules that would allow futures commission merchants and clearinghouses to treat separate accounts from the same customer as different legal entities. The group also asked the agency to clarify whether certain trading agreements between FCMs and institutional investors violate a rule that bars FCMs from guaranteeing losses.

1/24/2020

Commodity Futures Trading Commission Chairman Heath Tarbert wrote in an op-ed that the agency's proposal on position limits, to be released next week, would protect the use of derivatives by US farmers to hedge positions and give them more flexibility. Tarbert wrote that the proposed changes "leverage the good work done by derivatives exchanges over the past 30 years administering their own position limits."

1/24/2020

Christopher Woolard, the UK Financial Conduct Authority's executive director of strategy and competition, has been named interim CEO, effective after current chief Andrew Bailey leaves his post in March.

Full Story:
Reuters
1/24/2020

Kneron, an artificial intelligence startup with a a major focus on edge applications, raised $40 million in its most recent funding round. The new capital will be used to develop algorithms tailored to the requirements of semiconductor design and on-device machine learning.

Full Story:
VentureBeat
1/24/2020

Lighter Capital, primarily a revenue-based business lending startup, has gained access to $100 million which it will use to accelerate the expansion of its lending programs. In addition to originating more revenue-based loans, the company will offer more term loans and lines of credits, two products it rolled out last year.

More Summaries:
Lighter Capital
1/24/2020

CloudKnox, a startup that protects clients' public and private clouds from inadequate security procedures and insider threats, raised $12 million in its most recent funding round. With the new capital it plans to speed up its product development and its go-to-market strategy.

Full Story:
VentureBeat
1/24/2020

Airspace Link, a startup that aims to help local governments manage the increasing number of drones flying within their jurisdictions, raised $4 million in its most recent funding round. "Two years from now every drone will be live-tracked in our platform," says CEO Michael Healander.

1/24/2020

In-home genetic testing startup 23andMe has responded to a slowdown in sales by laying off 14% of its staff, about 100 workers. The company plans to downsize its clinical studies and focus on its therapeutics business and direct-to-consumer sales.

Full Story:
CNBC