London Stock Exchange acquires cloud-based technology provider Tora in $325M ...
The LSEG specifically outlined Tora's exposure to digital assets as part of the reason for the acquisition. On Tuesday, the London Stock Exchange Group, or LSEG, announced the acquisition of U.S.-based cloud technology provider Tora for $325 million; the deal is expected to close in the second half of the year. Tora offers software trading solutions for customers exposed to stocks, forex, fixed income securities, derivatives and cryptocurrencies. In justifying the acquisition, LSEG specifically outlined the importance of the latter:"The addition of digital assets to LSEG's trading....
Related News
New York-based bitcoin exchange itBit has hired a securities services and technology veteran to head operations in Europe, the Middle East and Africa. The hire of Jason Nabi comes as the exchange opens a new office in London. Prior to itBit, Nabi worked for major European bank Société Générale as its global business lead for post-trade services. Nabi started his career as a dealer on the London Stock Exchange, and has held senior positions at IBM Global Services, Bloomberg and BNP Paribas Securities Services. He said in a statement: “The industry is at a turning point with distributed....
Several prominent exchanges, trading firms and banks have come together to set up a blockchain-based settlement group that could significantly transition the current securities market in the way of settling securities trades. A group comprising of the London Stock Exchange, UBS, the CME Group, Societe Generale, LCH. Clearnet and Euroclear have formed an initiative to look into the possibilities of bringing blockchain technology to securities trading. As reported by the Financial News, sources familiar with the group have confirmed three meetings that have already taken place in recent....
On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement.
Northern Data AG Acquires Bitfield N.V. — Firm gains Immediate Access to Deployable ASIC Mining Rigs
The Bitcoin network hashrate is hovering just above the 140 exahash per second (EH/s) handle at the time of writing. Bitcoin mining has become....
Blockchain-focused investment company Coinsilium has announced it intends to IPO on AIM, a sub-market of the London Stock Exchange. The company, which invests in early-stage blockchain startups, is due to float on AIM next month. Launched in 2013 by the founders of bitcoin and blockchain incubator Seedcoin, Coinsilium - which has raised over £3m in funding to date - is thought to be the first company of its kind to go public on AIM. Coinsilium's investment portfolio includes meXBT, a remittance company. Factom, a data layer provider. SatoshiPay, a nano payment processor. The Real Asset....
The U.K. Government has awarded the first G-Cloud 8 framework agreement for the supply of distributed ledger technology to technology startup Credits. Credit, which won the Best Blockchain Startup at the 2016 Europas Awards, is a blockchain platform provider supplying distributed ledger technology software and cloud-based services, with tools for building secure and scalable blockchains to power enterprise and public sector applications. In particular, Credits is the first blockchain platform provider with an offering exclusively for the U.K. public sector. G-Cloud 8 is the current....