Emerging Technologies
Outsourced trading sees uptick as buy side seeks more bang for its buck
Buy-side firms see outsourced trading as a way to simplify their operating model, while custodians see an opportunity to sell bundled services.
This Week: DSB, Deutsche Bank, McKay Brothers, and more
A summary of the latest financial technology news.
Tradeweb treads fine line as API trend brings challenges
Buy-side rates traders look to dodge platform’s interface but remain barred from cross-venue price-shopping.
Waters Wavelength Podcast: Symphony’s Brad Levy
Symphony’s CEO Brad Levy joins to discuss the future direction for the company and ESG data and analytics.
IBM bets big on generative AI
Although Q2 revenue was flat year-on-year, it was buoyed by IBM’s hybrid cloud and AI strategy. The tech giant will build up its AI capabilities similarly to how it’s dealt with Red Hat OpenShift.
Clients versus compliance: banks hung up over WhatsApp fines
Most opt for outright ban, but some seek technological solutions to monitor private messaging.
State of the tech: A half-year check-in with large language models
AI is having a moment, and data vendors and software providers are seizing on it. Some are building models in-house, while others are looking to third parties to power their strategies—but the focus is largely on productivity and faster data access…
Banks’ internal watchdogs bark back at ChatGPT
Generative AI has plenty of uses in finance, but banks must first overcome compliance headaches
Automation in fixed income: Sorting the bluster from the bleeding edge
Automation is gaining traction in fixed-income markets, but use cases are limited and progress is slow. Market participants must overcome some uniquely human problems before they fully embrace the machine.
Waters Wavelength Podcast: Numerix’s new CEO
Emanuele Conti joins to discuss his new role as the head of Numerix, the company’s M&A strategy, and his vision for the future.
LSEG, Symphony vie to build a ‘LinkedIn’ for capital markets
Six months on from its Microsoft tie-up, LSEG is optimistic about creating a trusted directory for the financial services industry. But it has competition.
This Week: SteelEye, Clear Street, Accelex and more
A summary of the latest financial technology news.
Optical computer beats quantum tech in tricky settlement task
Microsoft’s analog technology twice as accurate compared to IBM’s quantum kit in Barclays experiment
Bloomberg, Snowflake ally to accelerate cloud data adoption
Bloomberg has built an app in Snowflake’s cloud framework that will make it simpler and faster for Snowflake clients to populate their cloud-hosted tools with Bloomberg data.
Planned Nimbleness: A Practical Guide for Asset Managers
Mauricio Bustos of RadiantESG Global Investors says nimble infrastructure will allow firms to deploy new ideas quickly and reliably.
This Week: Europe’s Mifir review, MarketAxess, FIA, and more
A summary of the latest financial technology news.
Waters Wrap: The path to generative AI is paved with solid data practices
While large language models are likely to proliferate, those that can develop a solid data infrastructure of taxonomies, ontologies, data sourcing, mapping and lineage will be the ultimate winners, Anthony says.
This Week: CJC bolsters cybersecurity capabilities; Finos FDC3; JP Morgan; and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Virtual reality and the Metaverse
Steve Moreton from CJC joins the podcast to chat about the next evolution of communication.
Google urges regulators, market participants to clarify risk guidance for AI models
A new whitepaper from Google finds that existing guidance on the use of AI and ML models for risk management is a start, but leaves room for improvement.
Dora ‘critical tech vendor’ designation could cast a wide net
Experts think cloud services, data providers and software firms are all in regulators’ sights.
Hidden danger: As AI permeates finance, cybersecurity moves to the forefront
Open-source wrappers like MLflow, though useful and popular, highlight the risks hidden beneath these models.
This Week: DTCC shelves Investor Kinetics; LTX’s BondGPT; Citi HK settlement; and more
A summary of the latest financial technology news.
Digital assets trade processing: The roadblocks and the road ahead
Institutional investors want digital assets, but have several key concerns. Kristin Hochstein of ISITC explores some ways to improve investor confidence in the space.