Spotify Technology SA takes direct route to markets, saves millions of dollars in underwriter fees

The music streaming giant will use Citadel Securities, as a market maker, and Morgan Stanley to set its opening price on the NYSE on Tuesday. The New York Stock Exchange has set the reference price for Spotify Technology SA’s shares at $132. Its shares are expected to start trading on Tuesday. Incidentally, Spotify is pursuing…

The world’s largest derivatives exchange operator launches bitcoin futures

The cryptocurrency is making steady gains towards legitimacy, a move which is likely to draw attention of institutional investors. The bitcoin hit yet another milestone with the CME Group, the world’s largest derivatives exchange operator, launching trading in bitcoin futures. This step towards legitimacy is likely to attract large institutional investors towards it. Trading on…