Opinion
Waters Wavelength Podcast: Episode 254 (Heads in the cloud)
This week, Tony and Shen talk about how firms approach cloud migration projects.
Waters Wrap: The industry's increasingly cloudy skies
Anthony looks at some of the major cloud-based projects to hit the capital markets over the last 2.5 years.
Waters Wavelength Podcast: A tech unicorn's take on cloud and infra in the capital markets
Andy Volz, chief operating officer at capital markets fintech firm Clear Street, joins Tony on the podcast to talk about cloud and infrastructure woes in the capital markets.
PFOF regulation and market data: What does the future hold?
As a Congressional report delves into Robinhood's response to the meme stock frenzy of early 2021, Jo wonders how future regulation of payment for order flow will impact market data pricing.
The angry market data manager: Research finds inconsistent pricing across the buy side
Mike Carrodus says his firm, Substantive Research, has found that pricing inconsistencies for the same dataset can vary enormously, with some institutions paying almost five times more than their peer group.
Capitalizing on data’s migration to the cloud
Mark Hermeling provides a roadmap for best practice as banks, asset managers and vendors move more workloads to the cloud.
Waters Wrap: After Symphony, David Gurle’s new opus looks to distributed cloud storage, compute
The creator of Perzo/Symphony has started a new company called Hive. Anthony chats with David Gurle to see how the startup will look to disrupt the cloud space.
Waters Wrap: How the LSEG-MayStreet tie-up might change the buy/build debate
Anthony looks at some of the questions that came up from industry participants in the wake of the LSEG-MayStreet deal.
Waters Wrap: The Big Tech cloud providers are coming for your toys
Anthony thinks that the fintech community should be looking over their shoulders as the major cloud providers are going to disrupt financial markets even more than they do today.
Waters Wavelength Podcast: Vendor lock-in and interoperability
James Crosby, founder and CEO of data management firm Fencore, joins the podcast to discuss vendor lock-in and interoperability.
Waters Wrap: The next evolution of FDC3
Anthony examines how an open-sourced implementation of the FDC3 standard might change the interoperability landscape.
Waters Wrap: Snowflake’s cloud plans and what they mean for the interop movement
Upstart Snowflake hopes to be the global data network that brings true interoperability between data and trading platforms across the capital markets. Anthony says it’s an audacious plan, but one worth watching.
Waters Wavelength Podcast: Nasdaq’s Dague on exchange cloud strategy
Bill Dague, head of alternative data at Nasdaq, joins the podcast to discuss the forces driving exchanges to the cloud.
Waters Wrap: Blockchain & Boca—A sad story
Anthony takes issue with how blockchain is still being covered in the media and at industry conferences. What else is new?
House bill looks to back up SEC market data efforts
Congress is stepping into the US equity market data debate as the DC Circuit Court of Appeals considers dismissing the SEC’s initiatives.
Waters Wrap: As M&A heats up, integration concerns mount
In the order and execution management space, and in the mid-tier market data platform provider space, there’s been a fair amount of M&A activity in recent years. Anthony looks at why some market observers are worried about this consolidation.
As cybersecurity policy takes shape, are data vendors next in SEC's sights?
New rules target a range of players in the capital markets, from broker-dealers to trading venues, and the agency could be coming for data and analytics vendors and index providers.
Waters Wrap: Questions raised by Cusip lawsuit
An investment bank and an asset manager have filed a class-action lawsuit against Cusip Global Services, S&P Global, the ABA and FactSet. Anthony explores some of the questions that such a suit raises.
Believe nothing, trust no one: ‘Morgan Freeman’ sends a message to fintech professionals
There’s evidence that deepfakes are being used to commit fraud in the financial markets. And as scam artists become more tech savvy, financial firms will need to quickly employ new tools to protect their assets.
Waters Wavelength Podcast: Tradeweb’s Bruni on electronification of repo markets
Enrico Bruni, managing director and head of Europe and Asia at Tradeweb, joins the podcast to discuss electronification in the repo space.
Waters Wrap: Google’s cap markets play portends a shift in trade tech philosophies
According to Google’s Phil Moyer, the capital markets are shifting from a world where location determined liquidity, to one where accessibility will be the main differentiator for exchanges. Anthony explores what this could mean for trading firms going…
The good, the bad, and the ugly of financial democratization
From crypto and Web3 to Robinhood and Reddit, democratization underscores it all. While it’s a largely benign concept that aims to level the playing field between institutions and individuals, it’s also really hard to get right.
SEC sets its sights on fixed-income platforms with Reg ATS revamp
US regulator’s mammoth January proposal has something in it for most US trading systems, but Jo suspects it will be the definitions of exchanges that hit the hardest.
Waters Wrap: Data ownership & storm clouds brewing
Thanks to technological advancement, firms are finding new ways to monetize data. While the question of “who owns the data” was never a pressing one in the past, Anthony says that there are reasons to believe that will soon change.