This Week: MEMX, Sifma, Bloomberg, State Street, Digiterre, Infosys
A summary of some of the past week’s financial technology news.
BlackRock, Wells Fargo, Others Pump $65M into MEMX
Startup equity exchange Members Exchange (MEMX) has raised more than $65 million in a financing round that adds BlackRock, Wells Fargo, Flow Traders, Manikay Partners, and Williams Trading as new investors ion the exchange. This latest investment brings the number of firms invested in MEMX to 13, which have collectively poured more than $135 million overall into the platform ahead of a launch planned for later this year. As a result of its
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SEC pulls rulemaking proposals in bid for course correction
The regulator withdrew 14 Gensler-era proposals, including the controversial predictive data analytics proposal.
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Cloud offers promise for execs struggling with legacy tech
Tech execs from the buy side and vendor world are still grappling with how to handle legacy technology and where the cloud should step in.
