The Waters Cooler: What is going on?

Is it weird that Euronext bought Substantive? It’s weird, right? Plus WFIC, tick sizes, Microsoft and BlackRock want more datacenters for some reason, and, of course, AI. What does it all mean?

Hopefully you enjoyed last week’s edition of this post, titled “Why can’t we be friends?” by Tony Malakian. If you didn’t, all I can say is “skill issue.” Look it up.

At the top of the hour, I want to focus on this week’s talk of the town—that town being Austin, Texas. On the ground in the deep South for this year’s World Financial Information Conference was our very own Nyela Graham, who tells me she noticed stunned reactions among her peers to a certain announcement Tuesday morning rivaling

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Banks seemingly build more than buy, but why?

Waters Wrap: A new report states that banks are increasingly enticed by the idea of building systems in-house, versus being locked into a long-term vendor contract. Anthony explores the reason for this shift.

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