Decarbonization Partners, a partnership between BlackRock and Temasek focused on investing in next-generation private companies that support the acceleration of decarbonization and the transition to a net-zero economy, announced the final close of US$1.40 billion for its inaugural late-stage venture capital and growth private equity investment fund, The Decarbonization Partners Fund I (the “Fund”), surpassing its fundraising target of US$1 billion. In addition to commitments from BlackRock and Temasek, the Fund has attracted a diverse set of over 30 institutional investors representing 18 cou ..read more

Consensys was founded on an era-defining mission: to empower people and communities through access to blockchain technologies. We believe that advancing adoption of blockchain platforms like Ethereum will help reshape and enhance how future generations will manage economic, financial, social, political, and technological systems, creating a more equitable, transparent, and innovative world. Guided by our mission, Consensys took an important step towards preserving access to the Ethereum blockchain today, and by extension, permissionless innovation. We filed litigation against the U.S. Securit ..read more

Forge is a leading global secondary marketplace for private company shares in the US and has partnered with Deutsche Börse to expand into Europe. Forge Europe hires four seasoned executives based in London and Germany to drive European expansion. The number of international buyers and sellers on the Forge platform demonstrates the growing demand for private shares in Europe and globally. Forge Global Holdings, a leading provider of marketplace infrastructure, data services and technology solutions for private market participants, announces it has successfully launched Forge in Europe. Forge ..read more

Interactive Brokers, an automated global electronic broker, announced a significant expansion of trading hours for US Treasury bonds on its platform. Clients around the world can now trade US Treasury bonds for 22 hours each day. The trading session closes daily at 5:00 pm Eastern Time (ET), reopens at 8:00 pm Eastern Daylight Time (EDT) and continues until 5:00 pm the following day. During Eastern Standard Time (EST), the market operates from 7:00 pm to 5:00 pm. This is a significant extension from the previous nine hours per day. This groundbreaking expansion caters especially to Interactiv ..read more

Adena Friedman, chair and chief executive of Nasdaq, said the group’s index business had a stellar first quarter as assets in exchange-traded products linked to its indices reached more than $500bn for the first time. Friedman said on Nasdaq’s first quarter results call on 25 February that the index business had exceptional momentum in the first quarter with revenue increasing 53% to $168m. Nearly three quarters, 70%, of revenue comes from the Nasdaq 100 franchise. Adena Friedman, Nasdaq “The Nasdaq 100 reached record highs multiple times in the quarter and we are pleased to announce that o ..read more

BGC Group announced that Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo have become minority equity owners of FMX, with a post-money equity valuation of $667 million. FMX combines BGC’s U.S. cash treasuries platform with its spot foreign exchange platform and U.S. interest rate futures exchange, and will leverage BGC’s proven low latency trading infrastructure and global distribution to further support liquidity in the interest rate futures market. Source: BGC “We have brought toget ..read more

Company plans to transition digital asset derivatives trading and clearing into existing derivatives and clearing business lines Plans to wind down Cboe Digital Spot Market in third quarter 2024 Cboe Global Markets, the world’s leading derivatives and securities exchange network, announced plans to refocus its digital asset business to leverage its core strengths in derivatives, technology and product innovation while realizing operating efficiencies for both Cboe and its clients. These changes are being made as part of Cboe’s strategic review, taking into consideration the lack of regulato ..read more

Jefferies Financial Group announced that its Chief Executive Officer, Rich Handler, sold 1.5 million shares of Jefferies stock at $43.50. The sale was made to facilitate the purchase of a personal boat and to pay tax obligations. For the 34 years since joining Jefferies in 1990, Mr. Handler has received approximately 70% of his compensation in the form of Jefferies shares and, except for tax purposes and charitable donations, has never sold shares. Following this sale, Mr. Handler owns on a fully diluted basis approximately 19.25 million Jefferies shares. The sale represents approximately 7 ..read more

Schroders plc announces that after a decade on the Board, Peter Harrison has signalled his intention to retire as Group Chief Executive (CEO) next year. A thorough and extensive search for his successor will now be launched. The Board anticipates an orderly transition during 2025 and Peter will remain as a director of the Company throughout this period. Elizabeth Corley, Chair of Schroders plc, said: “The Board recognises that in Peter, Schroders has had an outstanding CEO over the past eight years. During his tenure, the business has undergone a remarkable transformation to become a global ..read more

Good start to the year, driven by solid performance across the business David Schwimmer, CEO said: “We have started the year well, delivering another quarter of solid growth consistent with our plans. We drove the strongest performances in FTSE Russell, Risk Intelligence and Tradeweb, and our Equities business returned to growth. The rapid pace of innovation continues, with new product launches across LSEG throughout 2024. “We continue to make strong progress in our Microsoft partnership, with a number of products expected to be in external pilot or general release this half. We are now pick ..read more