Tagged: chicago

CME Group Introduces Micro Ether (ETH) Futures Contracts

CME Group, which claims to be the most diverse derivatives marketplace, has launched Micro Ether futures, further “expanding its suite of cryptocurrency derivatives offerings, and marking its second micro cryptocurrency product this year.” Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment… Read More

Payment Tech Provider Stax Acquires CardX, an Automated Surcharging Platform

Stax, the comprehensive payment tech provider, announced earlier this week its acquisition of CardX, an automated surcharging platform, to make surcharging “more transparent and easier for U.S. merchants and cardholders.” The update also mentioned that this deal “marks Stax’s third acquisition of 2021, adding to… Read More

Crypto.com to Acquire Nadex and the Small Exchange from IG Group

Crypto.com, which claims to be one of the fastest-growing cryptocurrency and financial services platforms, has announced that it has executed a sale and purchase agreement to acquire the North American Derivatives Exchange (Nadex) — a US-headquartered retail-focused, regulated online exchange and clearinghouse offering derivative products… Read More

FIA Shares Blueprint to Streamline Trading Processes

FIA (Futures Industry Association) announced on November 2, 2021 that it has released a report calling on participants in the futures and options sector to work cooperatively on an initiative to enhance the overall efficiency of the trading and clearing process for exchange-traded derivatives. The… Read More

Cboe Global Markets and MSCI Inc. Extend Relationship, Including Licensing Agreement Through 2031

Cboe Global Markets, Inc. (Cboe: CBOE), a provider of international market infrastructure and tradable products, and MSCI Inc., a provider of critical decision support tools and services for the investment community, announced that they’ve signed a licensing agreement that extends and widens their business relationship…. Read More

Elements Global Services, a Tech Firm and Direct Employer of Record Service Provider, Makes New Appointments

Elements Global Services, a tech firm and direct Employer of Record service provider that simplifies a firm’s international expansion efforts, augments its leadership team with the addition of three C-Suite executives to “further its position as a leading technology and HR solutions provider,” according to… Read More

Chris Gonsalves: Community Gaming CEO Reveals How They Worked on Adding Layer 2 Integrations Due to High Gas Fees on Ethereum MainNet

We recently caught up with Chris Gonsalves, CEO at Community Gaming, a platform that combines social gaming, match automation, and blockchain payment technology to make organizing and competing in esports tournaments simple. Chris talked about how Community Gaming allows players to earn crypto and USD… Read More

Kredivo, a Digital Consumer Credit Platform in SE Asia, to Become Publicly Traded Firm via Merger with VPC Impact Acquisition Holdings II

FinAccel, the parent of Kredivo, an AI-powered digital consumer credit platform based in Southeast Asia, and VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a special purpose acquisition company sponsored by Victory Park Capital, revealed on August 2, 2021 that they have finalized a definitive agreement… Read More

Chicago’s Startup Paro, a Provider of On-Demand Financial Expertise, Secures $25M via Series B

Paro has announced a $25 million Series B funding round. The rapidly-growing startup offers businesses with flexible finance solutions through teams of remote finance professionals in order to help them address problems and support their ongoing growth. Paro, a Chicago-based startup “disrupting” the way firms… Read More

CME Group to Expand Crypto Derivatives Offering with New Micro Bitcoin Futures Contract, Pending Regulatory Approval

CME Group, one of the world’s leading and most diverse derivatives marketplace, recently revealed that it would be expanding its suite of cryptocurrency derivatives with the launch of a new Micro Bitcoin futures contract on May 3, 2021 (subject to regulatory review and approval). Micro… Read More

Brendan Carroll from Chicago’s Victory Park Capital Says Banks and Fintechs Can Operate Effectively in New Business Environment

In early 2020, Opportunity Financial began evaluating whether it should go public. The online lending platform was interested in shifting focus away from the installment loan business to various other financial products (in order to improve its company profile). Jared Kaplan, CEO of the Chicago-based… Read More

Fintech Avant, which Gives Americans Access to “Financial Products they Deserve,” Explains what You Need to Know About Stimulus Checks

Chicago-based Avant, a Fintech firm that aims to give everyday Americans “access to the financial products they deserve,” notes that millions of US residents continue to struggle through the COVID-19 pandemic. However, a $900 billion relief bill was recently signed into law (toward the end… Read More

Digital Asset Trading Platforms in Chicago Establish Decentralized Finance Alliance to Work Closely on Open Finance Projects

A group of Chicago-headquartered digital asset trading platforms are planning to work cooperatively, in order to connect more closely with Open Finance, or decentralized finance (DeFi) initiatives. Volt Capital, Jump Trading, CMT Trading and DRW Trading have established the Chicago DeFi Alliance (CDA). As noted… Read More

Tokenization, Institutionalization & Securitization of Blockchain – Chicago

Tokenization, Institutionalization & Securitization of Blockchain Evening Panel Discussion addressing issues including: DeFi – decentralizing finance and its impact Overcoming doubt: Challenges facing cryptocurrency exchanges including securing payments What are the advantages to tokenization of assets & securitization of blockchain’s distributed ledger Impact & risk… Read More

Northwestern University Teams Up With Trilogy Education to Launch Fintech Boot Camp in Chicago

Northwestern University’s School of Professional Studies announced on Thursday it is teaming up with Trilogy Education, a leading workforce accelerator, for a new fintech boot camp that will take place in Chicago. According to Northwest, the Northwestern FinTech Boot Camp offers professionals the opportunity to acquire… Read More

Coinbase Debuts Institutional Suite of Products & Announces New Chicago Office

Coinbase announced earlier this week the launch of its new product offerings for institutions, which are designed to meet the demand to trade and invest in cryptocurrency. The company reported that over the past few months more than 100 hedge funds have announced plans to… Read More

Former Capital One Executive Troy Jamison Named First Chief Risk Officer at Victory Park Capital

Victory Park Capital (VPC), a Chicago-based investment firm focused on private middle-market debt and equity investments, announced on Wednesday it has appointed formed Capital One executive, Troy Jamison as its first Chief Risk Officer.  Jamison will reportedly oversee the assessment and management of risk within the firm’s… Read More

Fintech Firm OppLoans Opens New Headquarters in Chicago

Chicago-based fintech firm and socially responsible online lender OppLoans announced on Tuesday the opening of its new Windy City headquarters. The company revealed that Chicago Mayor Rahm Emanuel made an appearance and even cut the ribbon to the office. During his presentation, Mayor Emanuel stated:… Read More

TGIF: More than Glasses Raising for Aviary Cocktail Book’s Kickstarter Campaign

Depending on when your weekend starts, whether on Thursday night or Friday afternoon or the more traditional Friday evening, you may be tempted to have cocktails every night made with guidance of The Aviary Cocktail Book after glimpsing at the extraordinary concoctions from Alinea creators and… Read More

Chicago Rising: New Entry to List of Fintech Hubs is Important Gain for the Windy City

Deloitte’s recent report on Fintech Hubs entitled A tale of 44 cities – Connecting Global FinTech: Interim Hub Review 2017 indicated that London remained at the top of the list with Singapore closely behind it and obviously hoping to become number one. But alongside the original 20… Read More

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