Morgan Stanley
The Waters Cooler: No Singapore Slings
Market microstructure, a prediction exchange, ETF and T+1 woes—does it get any more exciting than this?
Octaura preps for CLO trading launch
The consortium-born loan trading platform is adding tech partners and new protocols as it looks to launch CLO trading later this year.
Consortium backs BGC’s effort to challenge CME
Banks and market makers—including BofA, Citi, Goldman, Jump and Tower—will have a 26% stake in FMX.
Dark horse: Deutsche Börse building dark pool
New functionality allowing exchange members to execute sweep trades comes hot on the heels of European rival Euronext launching its own dark pool.
Citi’s internal cloud project gets open-sourced
Through Finos, a project that started internally to help Citi get a better handle on its cloud controls now includes the likes of Goldman Sachs, Morgan Stanley, RBC, BMO and LSEG.
BNY Mellon streamlines the hunt for liquidity with LiquidityDirect updates
The bank spent the last three years evolving and expanding LiquidityDirect to include additional asset classes, and will white label the platform to customers.
Banks’ internal watchdogs bark back at ChatGPT
Generative AI has plenty of uses in finance, but banks must first overcome compliance headaches
Waters Wrap: What’s next for desktop interop?
Anthony takes a look at the desktop application interoperability space—how we got here and where he thinks it's going.
Pay now or pay later: Regtechs make play to spare banks steep fines
After a record year of fines issued by the SEC, financial services firms are rushing to implement regtech solutions that can help mitigate their financial exposures.
Bank-backed Versana takes aim at syndicated loan tech
Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.
AFTAs 2022: Best risk management initiative—Morgan Stanley
Project: The Portfolio Risk Platform
AFTAs 2022: Most cutting-edge IT initiative—Morgan Stanley
Project: Data Driven Risk Assessment (DDRA)
All the pieces fit: connecting trader voice and messaging across workflows
Cloud9 expands Symphony's communication channels to trader voice, in an effort to simplify workflows as Wall Street struggles with compliant communications.
Advancements in NLP bring focus to document insight
Vendors are looking to provide AI models to help financial professionals get more value out of unstructured data sources.
People Moves: Citi, OpenFin, Genesis, Liquidnet and more
A look at some of the key "people moves" from this past week, including Vicky Sanders (pictured), OpenFin’s new chief digital officer.
Rival platforms battle to control electronic trading of CLOs
Octaura has the backing of dealers, while Kopentech is leaning into its buy-side roots
People Moves: Broadridge, Tradeweb, Ice, FCA, and more
A look at some of the key people moves from this week, including Rana Yared (pictured), who joins the board of Tradeweb as an independent director and a member of the audit committee.
Project Octopus becomes Octaura, killing BofA’s Instinct platform and Citi Velocity trading protocol
Backed by the banks in the Project Octopus consortium, the new, independent company will launch this year with a focus on new trading protocols and integrated data analytics. At the same time, Bank of America will sunset its single-dealer loan trading…
FDC3 creator sets sights on cloud-based interop with new company
Nicholas Kolba’s new venture aims to provide cloud-based interoperability for financial services apps—free of desktop containers and proprietary implementations.
Symphony brings Web3 to KYC with new ID service pilot
Symphony Communication Services is piloting an experimental ID service that uses Web3 and DeFi concepts to automate and reduce the burden of tasks like know-your-customer, onboarding, and reporting.