Goldman Sachs, Research Renaissance and Mergers: A Week in Review
John reviews SST’s biggest stories of the last week, including Goldman Sachs, new research technologies, and the latest M&A activity.
How do you manage and optimize data operations in a financial institution that counts over 32,000 staff, of which 8,000 are engineers or computer scientists who work with and produce enormous datasets on a daily basis? According to Joanna Hannaford, head of technology at Goldman Sachs, the answer is to seek inspiration from the likes of Google and Amazon.
Speaking at the WatersTechnology Innovation Summit, Hannaford explained how these consumer-facing giants informed the bank’s data strategies to not only cope with the ever-increasing quantities of data that are now produced through banking operations, but also how to best use datasets that would otherwise have gone to waste.
The merger and acquisition (M&A) merry-go-round shows no signs of stopping at the end of 2017, thanks to the latest deal between two European tech vendors to join forces. Sweden’s Itiviti has announced it will acquire French counterpart Ullink, effectively quadrupling its client base and significantly building out its buy-side offering at the same time.
Ullink has been a staple of WatersTechnology’s various awards over the years, winning consistent acclaim for its FIX order routing network, Nyfix. While financial details of the deal have not been made public, Ullink’s credentials are clear to see and it will more than likely wind up being a good deal for Itiviti CEO Torben Munch and his business.
Research, Analytics Renaissance
While the topic of research has been, to a certain extent, hijacked by the incoming Mifid II unbundling requirements, there are a huge number of new technology developments going on in this space. Our US editor, Anthony Malakian, has put together a fascinating insight into some of these advances and trends pertaining to quantitative analytics.
As Anthony rightly points out, these systems still “need more time in the oven,” but it’s exciting to see various industry players putting time and resources into elements such as machine learning, natural language processing, new programming languages, alternative data and open-source projects to really drill down into the data they have at their fingertips. It’s definitely worth a read.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Ice moves to meet demand for greater cloud, AI capabilities
The exchange also outlined competitive advantages behind managing its data and cloud strategy internally during its Q1 earnings call on Thursday.
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
The IMD Wrap: Beginning of the end for data audits?
This week, there’s exciting news for data bean-counters in the form of a partnership between two vendors that could change the way we view and track data usage and audits.
S&P debuts Spark Assist genAI copilot, draws up ‘Blueprints’ of combined datasets
S&P’s Kensho subsidiary has rolled out new emerging tech products leveraging AI to explore and combine the vendor’s wealth of datasets to solve common use cases.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- DTCC urges affirmation focus ahead of T+1 move
- FactSet looks to build on portfolio commentary with AI