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Philip Stafford

Digital finance news editor

Philip Stafford is the FT's digital finance news editor. He was previously the FT's correspondent for exchanges, trading and markets regulation. He has also covered stock markets, telecom and technology companies and breaking news. Before he joined the FT he worked at Bloomberg and FTMarketwatch. Prior to a career in journalism, he was a teacher in Japan.
Email Philip Stafford @staffordphilip  on Twitter (link opens in a new browser window)

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  • Thursday, 7 September, 2023
    Derivatives
    Banks and investors step up opposition to EU derivatives plans

    Trade bodies call on bloc to scrap initiative to move clearing deals out of London

    A view of skyscrapers in the City of London
  • Monday, 4 September, 2023
    Blockchain
    LSE Group draws up plans for blockchain-based digital assets business

    Exchange operator in talks with UK government and regulators over new trading venue

    The London Stock Exchange logo
  • Monday, 28 August, 2023
    Markets
    US and European stocks rise as traders await economic data

    China equities advance after Beijing announces plans to boost its capital markets

    Frankfurt skyline
  • Thursday, 24 August, 2023
    FTX Trading Ltd
    FTX turns to Mike Novogratz’s Galaxy Digital to sell crypto tokens

    Collapsed cryptocurrency exchange plans to appoint investment group to help recover money for creditors

    Mike Novogratz
  • Wednesday, 28 June, 2023
    ExplainerWar in Ukraine
    Why the EU is split over raiding Russian assets

    Some European capitals think diverting interest from Russia’s frozen assets will dent confidence in the euro

    A montage of a destroyed building in Ukraine and euro and rouble banknotes
  • Wednesday, 21 June, 2023
    London Metal Exchange Ltd
    The day nickel trades gave LME a rude awakening

    Judicial review hears of exchange’s actions in March 2022 when it feared market had turned disorderly

    The floor of the London Metal Exchange
  • Friday, 16 June, 2023
    War in Ukraine
    ECB warns Brussels against windfall levy on frozen Russian assets

    Frankfurt fears tapping interest from trapped Russian assets could dent confidence in euro as global currency

    Brussels has considered a range of options, including actively managing the Russian assets to generate returns for Ukraine
  • Wednesday, 7 June, 2023
    Behind the Money podcast17 min listen
    Libor's long goodbye

    Its days are numbered, but there’s one part of financial markets still stuck on the scandal-ridden benchmark

  • Sunday, 14 May, 2023
    Clearing & Settlement
    EU under pressure to extend access to London clearing houses

    Bosses warn post-Brexit restrictions from mid-2025 could undermine financial stability

    City skyline behind the Tower of London
  • Monday, 8 May, 2023
    Markets
    Wall Street subdued as US regional bank rally loses steam

    Investors digest Federal Reserve survey that shows plan by sector to raise its lending standards

    A montage of the Federal Reserve building and US dollar notes
  • Friday, 14 April, 2023
    Cryptofinance
    Clearing, crypto and wooing big investors Premium content

    Plus, Ethereum’s software upgrade

    A bitcoin representation
  • Friday, 10 March, 2023
    FirstGroup PLC
    FirstGroup raises full-year profit expectations as travel recovers

    UK transport company says bus passenger numbers rose to 83% of 2020 levels

    A hydrogen-powered double-decker FirstGroup bus
  • Thursday, 23 February, 2023
    Binance
    Regulators oppose Binance US’s $1bn deal for Voyager assets

    SEC warns that part of the rescue package may be in breach of securities law

    Changpeng Zhao, billionaire and chief executive officer of Binance Holdings
  • Friday, 27 January, 2023
    Intercontinental Exchange
    ICE to set up London gas contract as ‘insurance’ against EU price cap

    Operator of Europe’s main gas trading hub warns that price curb could disrupt market

    A man inspects facilities at a gas storage site
  • Wednesday, 25 January, 2023
    Music
    Music financing boom reverberates to markets

    Start-up is seeking to launch futures to let streaming companies and rights owners manage risks

    The band Depeche Mode
  • Thursday, 29 December, 2022
    Equities
    US stocks rise as investors weigh China Covid surge

    Tesla, Apple and Netflix jump as investors seek out bargains

    Masked passengers use their phones at the check-in counter at Beijing international airport
  • Thursday, 15 December, 2022
    Intercontinental Exchange
    ICE warns it may pull gas market from EU over Brussels price cap

    Exchange operator cautions the rapid imposition of a cap would allow no time to test risk management systems

    A screen displays the ticker symbol and logo for Intercontinental Exchange
  • Thursday, 8 December, 2022
    Financial & markets regulation
    Global regulator calls for ‘urgent action’ on clearing houses and insurers

    Financial Stability Board says plans should be drawn up to deal with failures of non-bank financial groups

    The open outcry trading pit at the London Metal Exchange
  • Thursday, 1 December, 2022
    London Metal Exchange Ltd
    Surge in nickel prices threatened to blow $2.6bn hole in key LME entity

    Fullest accounting to date of incident in March shows clearing house was under severe strain

    A PT Vale nickel smelter near Sorowako in Indonesia
  • Wednesday, 30 November, 2022
    Europe Express
    Banks set to resist EU grab for a chunk of clearing business Premium content

    Brussels prepares most ambitious plans post-Brexit to lure derivatives trade away from London

    Office towers in the City of London
  • Wednesday, 23 November, 2022
    EU financial regulation
    Brussels demands share of London derivatives clearing

    EU-based traders could be required to clear minimum amount of ‘systemic’ derivatives contracts inside bloc

    City of London skyline
  • Wednesday, 23 November, 2022
    EU energy
    EU gas price cap would deliver $33bn blow to market, says ICE

    Energy traders would be hit with additional margin payments, warns exchanges operator

    The Eemshaven LNG floating storage regasification unit in the Netherlands
  • Monday, 21 November, 2022
    EU energy
    Europe’s gas traders and exchanges warn of futures cap risks

    EU plans to set limit for the most widely used contract in an effort to calm markets

  • Wednesday, 16 November, 2022
    Cryptocurrencies
    Crypto broker Genesis Trading halts withdrawals at lending unit

    Group blames ‘unprecedented market turmoil’ in wake of FTX collapse

    A physical imitation of bitcoins
  • Friday, 11 November, 2022
    FTX Trading Ltd
    ‘Black box’: Sam Bankman-Fried’s trading firm posed big risks to FTX

    Alameda Research owed the vast crypto exchange billions of dollars before both went bankrupt

    Montage of FTX logos on computer screens
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