Capital markets
How long will AI tokenomics matter?
The Waters Wrap: Banks and asset managers are rethinking the economics of AI. Wei-Shen examines how firms will manage token costs.
Staffing and corporate actions preparations made ahead of 23/5 trading launch
Exchanges, trading firms, and industry observers tackled market preparedness during an SEC roundtable ahead of the December 6 go-live.
GPU compute derivatives are put to the test
Interest rates and onions of the past haunt what could be a booming new index market.
Firms look to AI and automation to enhance corporate actions processing and increase STP rates
AI and automation are modernizing corporate actions processing, improving STP rates and reducing operational complexity
Firms look to AI and automation to enhance corporate actions processing and increase STP rates
AI and automation are modernizing corporate actions processing, improving STP rates and reducing operational complexity
Trusted data fundamental to AI efficacy across the capital markets
As firms modernize infrastructures and embed AI into critical workflows, high-quality pricing and reference data will continue its evolution from operational necessity to competitive advantage
Rapid-fire repo raises hopes of cheaper, faster trading
Tokenized Treasuries piloted by DTCC could squash settlement cycles and enable 24/7 repo.
Are recordkeeping rules ripe for updates?
The Waters Wrap: SEC Rule 17a-4 appeared back on the SEC’s 2026 agenda two weeks ago. Some in the industry are hoping for relief, Reb writes.
The first overnight trading puzzle pieces fall into place
The Waters Wrap: The NSCC moved to 24x5 clearing hours last week. What comes next is worth paying attention to, Nyela writes.
Tale of two halves: Agentic AI and the coming capital markets reckoning
Firms that have built robust rails will be better placed to scale agents safely and improve productivity. Those that don’t will learn a hard lesson, says Andrew Morgan.
Can Canada follow in the US’s footsteps in overnight trading?
Canadian marketplaces and trading venues are in a race to see who can first authorize overnight equities trading, but not everyone is convinced of its value.
DTCC dives into public cloud
The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.
Fidelity Labs: One model to rule them all
Fidelity Labs’ latest AI undertaking involves repurposing baseline AI tooling across the organization.
The infrastructure gap: Capital markets operations 2026
When institutional adoption outpaces operational reality
DeFi and TradFi firms are borrowing each other’s benefits
The Waters Wrap: As blockchain tech gains a small foothold in market data, Nyela says the thing separating blockchain’s previous craze and its second wind is choice.
TMX to undertake extended trading hours in Canadian equities
Exchange operator looks to keep pace with US markets and potentially undercut Canadian competitors.
From manual SSIs to T+1 readiness: How AI is reducing settlement risk
Practical strategies to automate SSI capture, validation and authentication under compressed settlement timelines.
Capital markets’ demand for Google’s chips buoys cloud business
Google will begin delivering its TPUs to a select group of clients in their own datacenters later this year.
24X says requested SIP exemption won’t break the market
In a new letter to the SEC, the startup exchange says data infrastructure that operates like the SIP is available as it looks to launch overnight trading this summer.
Data industry spend hits $50B for first time in new report
A new product by BCG Expand will track market data vendor size and market share as it seeks to show data users where the market is heading.
Future-proofing the client life cycle: A COO’s blueprint for scalable, compliant growth
Learn how capital markets COOs are transforming the client life cycle to reduce costs, accelerate onboarding and scale operations—without increasing head count