Emerging Technologies
A blockchain believer: Broadridge looks to expand its DLT influence
The market infrastructure provider has rolled out its blockchain-based repo transaction platform with plans to further build on the emerging technology.
Waters Wavelength Podcast: Episode 238 (Trying to get back on track)
Wei-Shen and Tony talk about how the pandemic has changed their habits and how they’re trying to do something about it.
AML models face explainability challenges
Data gaps and potential biases must be accounted for in approaches to tackling money laundering.
Quants turn to machine learning to unlock private data
Replication could allow financial firms to use—and monetize—data that was previously off-limits
Brown Brothers Harriman continues AI ‘transformation’ of fund accounting unit
A new tool that helps business users test and validate their own POCs is set to join the bank’s ranks alongside its other AI projects implemented over the last two years: Linc, Guardrail, and Ants.
Deep XVAs and the promise of super-fast pricing
Intelligent robots can value complex derivatives in minutes rather than hours
Made to Measure
It is no secret that pre-developed applications offering commoditized, off-the-shelf functionality continue to dominate the capital markets technology landscape. Sinara discusses how capital markets firms often turn to tried-and-trusted industry…
Former Standard Chartered CDO details AI in capital markets and regulators’ approach
Waters Wavelength Podcast Interview Series: Shameek Kundu, now head of financial services and chief strategy officer at AI startup firm Truera, talks AI, the state of the art of infrastructure, and how regulators are keeping a keen eye on the space.
Direxion turns to Two Sigma’s Venn for thematic ETFs
The firm is using the platform as a comparison tool as it evolves its fund offerings.
Banks fear Fed crackdown on AI models
Dealers say the agencies’ request for info could prompt new rules that stifle model innovation.
Quantum trading and the search for the perfect clock
Government push to overhaul satellite technology could improve time-stamping accuracy for trading firms—and for regulators.
Deutsche Bank leverages AI for securities services
The bank’s client segmentation offering creates more targeted post-trade offerings, while its prediction engine can help reduce settlement failures.
Nordea: Licensing changes could make RPA too expensive
The Nordic bank is looking for ways to mitigate costs as software vendors define new policy categories to capture robotic workers.
Waters Wavelength Podcast: Episode 236 (Market data, ESG, and interoperability)
Wei-Shen and Tony talk about WatersTech’s three biggest stories of the week.
Quantum computing experts voice explainability fears
Big speed-ups for quantum-powered models could prompt bigger questions from regulators.
Waters Wrap: ‘Exponential technologies’ & the changing face of trading (And interop)
Evolutions in the realms of cloud, AI, and surveillance/encryption are making the possibility of a decentralized trading ecosystem more real. Anthony looks at how progress in these areas—as well as the interoperability push—will forever change the…
Technical difficulties: OpenFin says it’s committed to FDC3, while others have their doubts
After quietly pulling its Finos membership this year, OpenFin’s involvement—at least in the public forum that governs it—with the interop standard it has championed for years, continues to dip. Though the vendor has re-affirmed its commitment to FDC3…
IBM’s ‘Cloud Satellite’ targets banks convinced of decentralized trading model
The tech giant believes a hub-and-spoke model is the future of trading. In part, it is using its new cloud offering to lure financial services firms that are looking to open remote offices to find new talent.
Esma to ink deal for big data capabilities
The regulator is ditching its legacy architecture to cope with massive volumes of reported data and new supervisory responsibilities.
Waters Wrap: When will Big Tech providers turn sights on the market data space? (And deep learning)
In recent years, the major cloud providers have expanded their service offerings specific to capital markets firms. Some industry observers believe it’s just a matter of time until they get involved in market data M&A activity.
Cyber attacks top threat to US financial system—bank CEOs
Lawmakers have signaled a readiness to act as finance chiefs warn of heightened cyber risks.
Waters Wavelength Podcast: Episode 235 (Privacy and hybrid remote work)
Wei-Shen and Tony discuss the trade-offs between privacy and remote working and some of the concerns app interoperability could bring about.