editor's corner

  • Nasdaq technology to power bitcoin marketplace founded by Wall Street veteran

    A startup bitcoin trading marketplace founded by Wall Street veterans has enlisted Nasdaq to provide it with high-performance trading technology used by exchanges around the world. The marketplace, called Noble Markets, sought Nasdaq technology to lend legitimacy to its platform for the institutional clients it is aiming to attract.

BATS reveals plans to expand new Hotspot acquisition to London

Less than two weeks after completing its acquisition of institutional FX market Hotspot, BATS Global Markets announced plans to expand into Europe with the launch of a London-based matching engine later this year.


PayStand expands online card, check, bitcoin payment processing to point-of-sale

Startup online merchant payment processor PayStand, which last year launched an online platform that allows merchants to accept alternative forms of payments alongside credit cards, has expanded into the point of sale space. Its new mobile point-of-sale payments processor, allows merchants to accept credit cards, checks, or digital currency like bitcoin -- all from an iOS mobile device.


Northwest Mutual buys LearnVest, joining major players making online advisory push

Northwest Mutual is acquiring LearnVest, one of the young firms that has contributed to the increasing popularity of online or robo-advisory services. In making the acquisition, Northwestern Mutual, the nation's second largest life insurance company, joins several other financial services giants in embracing the lower-touch online service model, including Fidelity, which recently acquired eMoney, and Charles Schwab and Vanguard, both of which are launching their own version of robo-advisory services.

Mutual funds in India tap WhatsApp, social media and chat to reach investors

In India, where mobile phone usage is exploding, mutual fund companies are launching a variety of innovative method for reaching and engaging potentials customers including WhatsApp, Facebook and other chat and social media services.


Regulators build Hurricane Sandy into cyber war games

The lessons the financial industry learned when Hurricane Sandy slammed the northeast, forcing financial markets to shut down for two days, have already been incorporated into the mock cyber war...