News
This Week: Deutsche Borse; State Street; IHS Markit; MSCI; & more
A summary of the week's financial technology news.
BofA and HSBC: at the intersection of cybersecurity and neurodiversity
Closing the growing gap between adequate enterprise cybersecurity protection and available resources is fraught with obstacles, so Bank of America and HSBC are pursuing an unconventional approach: seeking out neurodiverse talent with a knack for pattern…
SFDR pushes fund administrators to rethink ESG offerings
Some fund admins prefer to build ESG products in-house, while others, notably Northern Trust, consider it ‘inefficient’ from a cost and time perspective.
More banks flirt with machine learning for CCAR—but risks persist
The superior computational grunt of neural networks is attractive to lenders, but a lack of explainability presents a significant downside.
People Moves: Baton, Broadridge, BNY Mellon, Eventus, and more
A look at some of the key "people moves" from this week, including Mike Johnson (pictured), who joins Broadridge as VP and global product manager of derivatives clearing.
SS&C initiates buy-side migration to front-to-back Aloha platform
Migrations will vary based on the size of the firm, with smaller ones likely to take a 'big bang' approach while larger firms will opt for a gradual transition.
Definition of a trading venue: Reg review risks ensnarling tech vendors
Industry participants are divided over the definition of a trading venue and how regulators should revise the regulatory framework.
This Week: Bloomberg, VoxSmart–GreenKey, EDM Council, Northern Trust, Anna-DSB, and more
A summary of some of the past week’s financial technology news.
ASX builds ‘DLT-as-a-service’ offering to help prep market for Chess replacement
The exchange’s customer Daml sandpit has been up and running since January and has had over 20 firms log on. The next phase—its DLT cloud environment—will be ready in early October.
Bank-backed futures utility criticized as too ambitious
Osttra’s Joanna Davies is urging industry leaders to look for “quick wins”.
Tradeweb adds ‘in-flight’ controls for European credit to AiEX
Users of the trading tool can now isolate and manage trade exceptions in real time.
BlackRock to grant funds power to track climate risks
The Aladdin platform, which holds trillions of dollars, aims to show whether funds are burning the Earth or saving it.
This Week: Turquoise, OpenFin & FlexTrade; Anna, FTSE Russell, and more
A summary of some of the past week’s financial technology news.
Broadridge data ontology aims to simplify multi-asset trade data
The tech provider is using the ontology internally to integrate multiple systems and sees prospects for wider industry adoption.
SimCorp takes ‘Aim’ at EDM space with DataCare rollout
Since launching DataCare in April 2020, the vendor has signed up eight clients, including Zurich Group Investment Management.
Companies race to tackle widening cybersecurity talent gap
More realistic job requirements and in-house training programs could boost recruitment in face of increased cyber threats
People Moves: Canoe Intelligence, Transcend, Clear Street, Gresham Technologies, and more
A look at some of the key "people moves" from this week, including Vishal Saxena (pictured), who joins Canoe Intelligence as chief technology officer.
Bank consortium led by SocGen seeks to cure post-trade data ills
Project led by Societe Generale that uses privacy-enhancing technologies to solve data management issues hopes to sign up five banks and launch as a legal entity.
Google-Greenwich: Financial firms agree on cloud's ubiquity, but vary widely on use cases
New research highlights predicted growth areas for cloud computing—and the tools it enables, such as AI and machine learning—in the capital markets. Spoiler alert: Google says cloud is becoming as ubiquitous as the search giant itself.
This Week: Macrobond/FactSet, Tradweb, Bloomberg, DTCC, and more
A summary of some of the past week’s financial technology news.
APG hires in-house weatherman to interpret climate data
Europe’s wettest summer in a century has prompted asset managers to calculate flood risk for real estate.
After lengthy fight, Bloomberg’s Figi recognized as official US data standard
The Figi is free to use, and becomes the second reference data standard alongside Cusip, authorized for financial instrument identification by the American National Standards Institute.
People Moves: WFE, MSCI, Broadway Technology, Tora and more
A look at some of the key "people moves" from this week, including Ed Tilly (pictured), who has been appointed chairman of the World Federation of Exchanges.
Sell side pushing for bilateral connectivity for fixed income
Fixed-income liquidity providers, battling tighter margins, want to execute directly with clients, but are buy-side and tech firms willing to absorb the connectivity costs?