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Broadridge teams up with NYSE, Clear Street goes in-house, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
A Q&A with BofA’s Global Markets CIO on AI and problem-solving
Following the bank’s Global Markets Innovation Summit, Duncan McInnes says AI is helping his teams “reimagine” established processes and ask where technology can make them simpler and faster.
Clear Street building execution platform to replace vendor systems
A job posting shows that the broker is building a new algorithmic trading stack from scratch, targeting direct market access for institutional clients by year-end.
Mercury rising as Cboe shutters Trade Alert
Trade Alert is the latest business arm to be shut down by Cboe, but a former staffer has set up Mercury Alerts to replace it.
Compute is leaving land. Recoverability isn’t following.
The limits of land may push datacenters to the ocean or even outer space, writes Vishal Gupta. But these options introduce new challenges.
The SEC’s innovation exemption is facing its first test
Waters Wrap: With more than 20 issuer companies submitting objections to OKX and ICE’s new joint venture for tokenizing stocks, Nyela wonders if some cracks are starting to show in the regulator's innovation exemption.
Editor's choice
Compute is leaving land. Recoverability isn’t following.
The limits of land may push datacenters to the ocean or even outer space, writes Vishal Gupta. But these options introduce new challenges.
Private credit has outgrown its spreadsheets
Private credit severely lacks operating leverage, writes Daniel Hellwig, but standardizing how terms are recorded and applying AI could inch it toward maturity.
Asia’s T+1 journey splinters as Hong Kong delays and Malaysia mulls
APAC markets are setting their own timelines for shorter settlement, while Deutsche Bank proposes an “earlier certainty” mechanism to ease the cross-border strain.
JP Morgan retools Isda’s CDM for an AI world
The trade repository runs on a niche programming language, to which the bank has made new contributions that could help raise adoption.
Artificial intelligence
A Q&A with BofA’s Global Markets CIO on AI and problem-solving
Following the bank’s Global Markets Innovation Summit, Duncan McInnes says AI is helping his teams “reimagine” established processes and ask where technology can make them simpler and faster.
Compute is leaving land. Recoverability isn’t following.
The limits of land may push datacenters to the ocean or even outer space, writes Vishal Gupta. But these options introduce new challenges.
Who’s counting the agent army?
The Waters Wrap: Agents are growing faster than the controls to manage them. Wei-Shen says that as firms struggle to measure their returns on investment, it may come down to who foots the bill.
JP Morgan retools Isda’s CDM for an AI world
The trade repository runs on a niche programming language, to which the bank has made new contributions that could help raise adoption.
Podcasts
Waters Wavelength Ep. 360: Innovation, regulation, and exposure
This week, Tony and Shen talk about the balance between innovation and regulation.
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IMD/IRD Awards 2026 winner’s interview—SIX
IMD/IRD Awards 2026 winner’s interview—FINBOURNE Technology
Best private markets data provider—MSCI
Real-time market data managed services: Evolution, not revolution
Intraday pricing: Fixed income’s next frontier
Most innovative market data project/initiative—firmfact
Best market data newcomer (vendor or product)—Octaura
Best market data provider (broker)—Fenics Market Data & Analytics
Best evaluated pricing service provider/vendor—Infront
