CME Group has moved its euro-denominated government bond, repurchase agreement and foreign exchange trading to Amsterdam from London to protect EU customers from any post-Brexit disruptions.
The arbitration deadline for settling the dispute between the Singapore Exchange and India's National Stock Exchange over Nifty product trades has been extended until Dec. 31, 2020, by the Bombay High Court. SGX can continue to trade Nifty derivatives until then.
CME Group plans to provide its EBS clients with an application programming interface streaming service on its Quant Analytics platform for foreign exchange trading starting in the second quarter. CME cash markets CEO Seth Johnson says it's the first time the forex market has had the opportunity to stream trade-by-trade data.
The largest bullish bet on copper amounting to a spread trade worth $6.5 million is a signal of expectations that copper supplies are about to tighten, an expert says.
Hedge funds have started backing off from investing in oil, leaving net long positions unchanged as Brent futures prices remained steady during the week ending March 12. Until oil demand and economic uncertainty changes, "oil prices and hedge fund positions are likely to remain in a holding pattern," writes John Kemp.
Indian ride-hailing startup Ola has received a $300 million investment from Hyundai and Kia. Ola will collaborate with the automakers on better ways to support fleet operators and will look into potential new mobility options suitable for global markets.
Atlassian has acquired AgileCraft, a startup that works with businesses to plan and manage workstreams and strategic programs, for $166 million. AgileCraft will continue to operate as a free-standing enterprise.
Glossier, a startup that markets beauty products directly to consumers, recently raised $100 million. The transaction reportedly gave the company a $1.2 billion valuation.
Marketing Evolution, which gathers and analyzes advertising campaigns across multiple channels for clients, has raised $26.1 million. The company was founded in 2000.
A judge in New York City has denied a motion by Lyft to block implementation of new minimum wage rules for ride-hailing service drivers. The judge said she would further consider the motion and would issue a written ruling within a month.