Articles by Nyela Graham
The public market data formula is coming to private markets
As interest in private markets grows, S&P Global, Bloomberg, and ICE are including increasingly valuable data in their offerings.
24X National Exchange faces uphill battle in exemption fight
The Waters Wrap: 24X wants exemption from the requirement that the SIP be operational during overnight hours for its overnight session to proceed. Nyela explains why that’s asking a lot.
Equity data plans eye Dec. 6 for overnight trading launch
The US SIPs are looking to launch near 24-hour operations as exchanges seek to extend their hours.
Waters Wavelength Ep. 348: FIA Boca, prediction markets, and the stupidity of Chatham House rules
This week, Nyela talks about her trip to Florida to cover the FIA Boca event and Tony goes off on a screed at Chatham House rules.
Florida and folly: Boca attendees forecast the future of market structure
Prediction markets, 24-hour trading, and tokenization were the topics du jour at FIA Boca this year, indicating that markets are getting more comfortable with the unconventional.
Sprecher says ICE will expand positioning in crypto, prediction markets
Jeff Sprecher, CEO of ICE: “We have two new [chairmen at] the SEC and CFTC that are working to try to pull the entrepreneurship in the wild west into the financial system.”
CME’s Duffy addresses outages as exchanges push toward 24/7 trading
As senior exchange execs fielded questions about overnight trading in equities, the theme of resiliency lingered.
Jump Trading CIO: Prop AMMs allow users to create ‘a mini Jump Trading’
Dave Olsen said at FIA Boca that a new concept, proprietary automated market-makers, had grabbed the firm’s attention this year.
LSEG ‘acted in bad faith’ in MayStreet acquisition, new court filing alleges
Lawyers for Patrick Flannery have responded to LSEG’s motions to dismiss the suit for fraud and breach of contract related to the 2022 acquisition.
What does the future of trader voice look like?
The trader voice market has shrunk to three main players: IPC, BT, and Symphony. The battle for market share and desk real estate is pitting hardware against software.
Reddit fills gaping maw left by Twitter in alt data market
The IMD Wrap: In 2021, Reddit was thrust into the spotlight when day traders used the site to squeeze hedge funds. Now, for Intercontinental Exchange, it is the new it-girl of alternative data.
ICE launches Polymarket tool, Broadridge buys CQG, and more
The Waters Cooler: Deutsche Börse acquires remaining stake in ISS Stoxx, Etrading bids for EU derivatives tape, Lofthouse is out at ASX, and more in this week’s news roundup.
Everything you need to know about market data in overnight equities trading
As overnight trading continues to capture attention, a growing number of data providers are taking in market data from alternative trading systems.
TMX eyes global expansion in 2026 through data offering
The exchange operator bought Verity last fall in an expansion of its Datalinx business with a goal of growing it presence outside of Canada.
LSEG files second motion to dismiss lawsuit with MayStreet co-founder
Exchange group has denied abandoning the MayStreet business in a new filing, responding to allegations put forward by former MayStreet CEO Patrick Flannery.
Will overnight trading in equity markets expand next year? It’s complicated.
The potential for expanded overnight trading in US equity markets sparked debate this year, whether people liked it or not.
LSEG partners with Citi, DTCC goes on-chain, AI on the brain, and more
The Waters Cooler: Trading Technologies buys OpenGamma, CT Plan updates, and the beginning of benchmarking in this week’s news roundup.
Google, CME say they’ve proved cloud can support HFT—now what?
After demonstrating in September that ultra-low-latency trading can be facilitated in the cloud, the exchange and tech giant are hoping to see barriers to entry come down.
Waters Wavelength Ep. 340: The sad state of journalism
What does this episode have to do with financial technology? Nothing, really. Happy Thanksgiving.
FCA eyes equities tape, OpenAI and Capco team up, prediction markets gain steam, and more
The Waters Cooler: More tokenization, Ediphy lawsuit updates, Rimes teams up with Databricks, and more in this week’s news roundup.
Jump Trading spinoff Pyth enters institutional market data
The data oracle has introduced Pyth Pro as it seeks to compete with the traditional players in market data more directly.
MayStreet founder says LSEG abandoned integration in new court filing
In response to LSEG’s motion to dismiss a lawsuit filed by the founder of one of its acquired companies, lawyers for Patrick Flannery have offered more details around communications between MayStreet and the exchange group.
SS&C’s Bill Stone: RPA still important for agentic endeavors
The fintech is leaning on almost four decades in financial services and its many acquisitions to power AI deployment and meet the market’s needs.
MSCI CEO: Vendor ‘feverishly’ infusing ‘every aspect’ of MSCI with AI
Additionally, while the vendor’s new private credit tools haven’t yet translated into outsized sales revenue, Henry Fernandez says “they will” in the future.