Financial Markets
Top stories summarized by our editors
2/19/2019

Risk-management concerns are keeping intermediaries from participating in the cryptocurrency futures market, even though they could play a large role, ErisX CEO Thomas Chippas says.

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ErisX, Thomas Chippas
2/19/2019

Goldman Sachs has reported two instances for the fourth quarter during which trading losses exceeded value-at-risk model estimates. These are the first VAR breaches Goldman has reported since Q2 of 2016.

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Goldman Sachs, Goldman
2/19/2019

An increase in US regulatory enforcement actions and fines between 2012 and 2018 could have been avoided if firms had better monitored traders, according to technology firm Trillium.

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Trillium, Trillium
2/19/2019

The Securities and Exchange Board of India will consider next month whether to let mutual funds and portfolio-management services enter the commodity market, sources say. SEBI reportedly is considering allowing indexes in the market.

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MoneyControl (India)
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SEBI, Securities
2/19/2019

Glencore has purchased 200,000 tons of aluminum through the London Metal Exchange to be delivered from ISTIM UK's warehouses in Port Klang, Malaysia, sources say, a move that is a direct challenge to ISTIM. ISTIM has been keeping firms from removing LME-warranted metal when needed from Port Klang warehouses.

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Reuters
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London Metal Exchange, Glencore
2/19/2019

Senseon, a cybersecurity startup that developed a model it calls artificial intelligence triangulation, has raised $6.4 million in its seed round. The company has been in business since 2017, and its customers include law firm Harbottle & Lewis.

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TechCrunch
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AI
2/19/2019

HiHello, a startup that helps mobile users handle contact management and business networking, raised $2.5 million in its seed round. The round was led by August Capital, among others, and August Capital's Villi Iltchev will join HiHello's board.

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TechCrunch
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August Capital
2/19/2019

Antescofo, a Paris-based artificial intelligence startup whose app helps musicians practice, has raised $4.5 million in a funding round that included an investment from Yann Le Cun, Facebook's chief AI scientist. CEO Laurent Tran Van Lieu says the money will strengthen the startup's position and fund international growth.

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VentureBeat
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Facebook
2/19/2019

Ola, the Indian ride-hailing startup that's going head-to-head with Uber, received an investment of about $92 million from Sachin Bansal, one of Flipkart's founders. The investment was part of a round that gives Ola a valuation of about $6 billion and could bring in more than $1 billion in new capital.

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TechCrunch
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OLA, Sachin Bansal, Flipkart
2/19/2019

China's JD.com reportedly will lay off 10% of its senior executives amid China's economic slowdown and the decreased availability of venture capital.

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Reuters