European commodities market Eurex was hit by a technical issue on Monday, causing market data to be displayed incorrectly.
Startup messaging provider Symphony Communication Services has attracted investment from a “Who’s Who” of 19 financial institutions plus more than $100 million raised in a recent round of funding from investors including tech giant Google, but despite the wave of anti-Bloomberg sentiment surrounding its creation, Symphony chief executive David Gurle continues to deny that the vendor is competing with Bloomberg.
Australia’s uncompetitive financial markets are diverting profits towards ASX shareholders at the expense of traders who are paying higher transaction costs than in other parts of the world.
Goldman Sachs has been described as many things over the years, including a “vampire squid” and the source of a “toxic culture” where bankers insulted clients. Technology disrupter has rarely been one of them.
Given the many billions of dollars financial companies have paid in regulatory and legal settlements related to the mortgage crisis, how much money has actually found its way into the pockets of investors harmed by their actions?