Goldman Leads $38 Million Funding Round for Visible Alpha
Fintech firm to complete integration of Alpha Exchange and expand into Europe and Asia, with eye on potential further acquisitions.
Along with Goldman Sachs, Santander, Macquarie Group, Bank of America, Morgan Stanley, UBS, Royal Bank of Canada, Wells Fargo, Citi, Jefferies and Exane BNP Paribas, as well as existing investors, participated in the funding round.
Visible Alpha operates a platform designed to facilitate the exchange of research, which is being radically changed under the revised Markets in Financial Instruments Directive (Mifid II). Since January 3, when the rules came into effect, firms have been obliged to
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More on Regulation
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A summary of the latest financial technology news.
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Size matters: US equity market players wrangle over new tick size regime
The industry expects the SEC to finalize the Reg NMS shake-up as soon as late summer. While there is broad agreement about the need for change, the extent of the reduction in access fees and tick sizes will have a big impact on markets.
CME: CFTC OKs clearing move to Google Cloud
The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.
Cutting through the hype surrounding the FDTA rulemaking process
A bill requiring US regulators and institutions to adopt a machine-readable data framework for reporting purposes applies to entity identifiers, but not security identifiers, in a crucial difference, writes Scott Preiss, SVP and global head of Cusip Global Services.
Northern Trust offers internal fund accounting, data tools to clients
Regulations and a mandate to enhance quality and transparency in a bid to improve the investor experience are pushing buy-side firms to have more oversight of their third-party providers.
EU firms press for faster move to T+1 after smooth US rollout
Following the example set by North America, 70% of attendees at a European hearing on shorter settlement cycles favored a Q4 2027 switch to next-day settlement.
Finra clears hurdle with CAT launch, but several others remain
Two major components of the consolidated audit trail are now in place. But wrangling over the CAT’s future continues.
