News Analysis
What’s the market for Ion Markets?
With whispers swirling that Ion’s chief executive is looking to cash out on his tech conglomerate, big changes could be coming to the world of fixed-income software.
Questions surround buy-side tech consortium Hub
Little has been heard of the company formed by Pimco, Man Group, State Street, IHS Markit, Microsoft, and McKinsey since their announcement in January 2021.
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.
Nasdaq–Adenza: A look at the tech
The exchange operator announced its intention to acquire the software firm, which combines AxiomSL and Calypso, in a deal that amounts to its largest acquisition to date.
What does it take to put a database in the cloud?
There are several ways to migrate an old legacy system to the cloud, but there's always a trade-off.
High-profile deals signal appetite for fixed-income growth
Amid renewed interest in the bond market, big firms are making strategic acquisitions to get in on the action.
Deutsche Börse seeks seat at tech leader table with SimCorp buy
With exchanges such as Cboe, Nasdaq, LSEG, and ICE leading the pack of exchanges that double as technology companies, the German exchange is playing catch up with its proposed offer for buy-side tech vendor SimCorp.
French regulator turns up the heat with spot checks on market data providers
The AMF’s move has left industry observers wondering if this will lead other regulators in Europe to follow suit.
Pay now or pay later: Regtechs make play to spare banks steep fines
After a record year of fines issued by the SEC, financial services firms are rushing to implement regtech solutions that can help mitigate their financial exposures.
S&P Global–IHS Markit post-merger: One giant leap for data analysis?
The combined entity will look to tap into AI tools provided by S&P’s Kensho outfit and AWS’ cloud to build new analytics platforms.
Market data consumers buy the same products at massively different price points
A new study finds that asset managers are paying several times more than their peers for the same services—but why? And can it be fixed? Does it need to be?
Spreadsheet interoperability: Or how companies learned to stop worrying and love Excel
While Microsoft engages in a tech arms race for chatbot and cloud supremacy, interop firms are attempting to remedy some of the idiosyncrasies of its monolithic spreadsheet software.
New tech disrupts traditional book-building process for institutional investors
Automation is long overdue in the book-building process for publicly listed equities. One startup hopes to bridge the gap.
AI proves helpful for banks facing new cash penalties for settlement failures
According to one report, banks have been hit with penalties of up to €5 million per month under new CSDR settlement rules. As a result, banks are turning to AI to help.
Industry participants: ‘Digital Token Identifier’ aims to increase interop, usage
While some trading firms are welcoming the use of a new non-proprietary code for identifying digital tokens, the onus will be on local regulators to enforce its adoption.
Bank-backed Versana takes aim at syndicated loan tech
Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.
BNY Mellon deploys new AI, cloud tools
The custodian bank has reduced payment processing times by as much as 80%, according to officials.
Data analytics dominate M&A agenda for exchanges in 2022
While there weren’t many headline-grabbing acquisitions in 2022, the year contained a handful of deals that point to expanding trends in the exchange technology industry.
Startups vie with potential EU consolidated tape to fill market data needs
With a consolidated tape for European debt securities finally on the horizon, startups anticipate how they can fill inevitable gaps.
OTC Markets rescues Edgar Online, plans ‘comprehensive’ US disclosure data service
Edgar Online’s new owners discuss their plans for the financial data and filings provider, and how owning the data will be key to expanding the range of services it can offer.
TMX embarks on data diversification and expansion play with WSH buy
The Canadian exchange is the latest to acquire a data vendor business, bringing non-exchange content to help it grow its data assets.
MDSL cuts data vets, retools to focus on technical sales
The loss of experienced data specialists has shocked some industry execs, but the vendor says its plan to train a new cadre of technically focused staff will result in better service overall.
Memx data fees tackle professional vs. non-professional audit risk
The exchange delivers on its promise to reduce the cost of exchange data, but subscribers still face an administrative cost burden associated with the lower user fees.