London Stock Exchange (LSE) plans to buy TORA for $325M

London Stock Exchange (LSE) plans to buy TORA

On Tuesday, the London Stock Exchange Group (LSEG) announced that it has offered to acquire cloud-based solutions provider TORA for $325 million, bringing the fast-developing digital assets class into its trading capabilities.

TORA’s possible purchase, which allows consumers to trade several asset classes across global markets, including equities, fixed income, and digital assets, is likely to close in the second half of this year.

On Tuesday, global stocks fell, safe-haven assets rose, and oil rose as Europe’s eastern flank teetered on the verge of conflict after Russian President Putin deployed troops into separatist territories of eastern Ukraine.

The S&P 500 futures were down 1.4 percent, the Nasdaq futures were down 1.9 percent, the pan-region Euro Stoxx 50 futures were down 1.1 percent, and the FTSE futures were down 0.6 percent at the opening bell.

Tencent and Alibaba (BABA) were hammered by speculation about the latest influx of regulatory investigation, and Hong Kong-listed Chinese tech stocks sank 2.3 percent.

Asian stocks, as well as US and European futures, had declined early in the session. Policymakers in the United States have been publicly fighting how rapidly to begin tightening.

After the closing on Tuesday, Australian stocks were weaker. The S&P/ASX 200 index lost 1.00 percent at the Sydney closing.

The S&P/ASX 200 VIX index, which measures implied volatility of S&P/ASX 200 options, rose 9.04 percent to 17.501. The US Dollar Index Futures were trading at 96.112, up 0.10 percent.

Japan’s stocks fell after the market closed on Tuesday. The Nikkei 225 index fell 1.71 percent at the Tokyo closing.

On Tuesday morning in Asia, gold was higher after Russia recognised two separatist areas in eastern Ukraine. By 10:45 p.m. ET, gold futures were up 0.62 percent to $1,911.5.

Silver was up 0.4 percent, platinum was up 0.5 percent, and palladium was up 0.5 percent in other precious metals.

In crypto, Amazon (AMZN) Rainforest will sell 50 NFTs to a Brazilian environmental tech developer and global leader in blockchain energy sustainability.

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