News
This Week: Goldman Sachs/DTCC; LSEG/Tradefeedr; Genesis; TT/Ateo; CJC & more
A summary of some of the latest financial technology news.
ASX CHESS replacement to be delivered in phases, with clearing first in 2026
The Australian Securities Exchange announced in November it had chosen Tata Consulting Services to run the new CHESS replacement project after initial plans with Digital Asset were scrapped in 2022.
BMLL to expand coverage to Level 1 and Level 2 historical data
The London-based market data provider is aiming to provide higher quality data than its new competitors, but it faces an uphill battle.
CME moves core data to the cloud, readies new data products, analytics
The exchange group has migrated its core data to the cloud as part of its 10-year partnership with Google Cloud, and is now looking ahead to further migrations and leveraging the cloud to power new data products.
‘Founder’ banks join EDM Council program to benchmark data management
The Data Excellence Program—the first to recognize data management at an enterprise level, rather than being an accreditation program for individuals—will help firms solidify data management as a program rather than a series of projects.
This Week: SimCorp/Venn; MSCI index tech M&A; Citi ETF API & more
A summary of some of the latest financial technology news.
S&P completes ‘operational integration’ of IHS Markit, ups focus on genAI, new regtech tool
With the IHS Markit merger now behind it, S&P Global is set to release RegGPT and other AI-enabled products.
Blood, sweat, and tiers: how the SEC’s exchange rebates proposal could reshape US equities markets
The proposal to overhaul volume-based rebates for agency brokers may create significant shifts in liquidity, order routing, and competition. And industry practitioners are split on whether it’s for better or for worse.
TMX advances plans to launch US equities ATS
New trading solutions and market data sources underpin the Canadian exchange group's growth strategy.
People Moves: Chatham Financial, BBH, Isda, and more
A look at the past month’s people moves in the capital markets technology and data space, including Michael Young (pictured), who becomes Chatham’s new chief product and technology officer.
This Week: State Street/CF Global Trading, HSBC, KPMG, and more
A summary of the latest financial technology news.
Amazon expects $900M+ per quarter from extending server life
The cloud provider is following the server lifespans imposed by rivals Google and Microsoft last year, in a move expected to yield more than $900 million in Q1 2024.
MarketAxess sees returns from new trading tools
Recently added portfolio trading, automation, and algo offerings drove the vendor’s revenue growth in Q4 2023.
This Week: BMLL makes historical datasets available on Snowflake; Tradeweb; Interop.io; and more
A summary of the latest financial technology news.
Ticking clock: Firms in Asia face unique T+1 challenges
Firms in Asia worry about unintended consequences of massive change to settlement cycle.
AI expert warns of algo-based market manipulation
An artificial intelligence professor warns of machine learning ‘arms race’ for regulators against those seeking to use new technologies to manipulate financial markets.
This Week: Europe’s Mifir review, FIA Tech, TRG Screen, UPI implementation, and more
A summary of the latest financial technology news.
Domain-specific AI: the hot topic of 2024?
Generative AI is increasingly being applied to specific domains within finance. But experts are divided on whether targeted models will take over from their general-purpose cousins.
Regulators’ FRTB estimates based on faulty premise—industry study
US market risk capital requirements could more than double if banks abandon IMA
Price gouging? New study finds market data providers consistently inconsistent in pricing, discounts
As the industry awaits the FCA’s findings from its Wholesale Market Data Study, end-users pin their hopes on the prospect of relief. But a new study from Substantive Research details the enormous pricing disparities that must be tackled.
BlackRock developing AI copilots for Aladdin
The world's largest asset manager hints at new AI assistants for investment management clients.
Bloomberg’s Figi extends crypto inroads
In partnership with data provider Kaiko, Bloomberg has rolled out identifiers for almost 8,000 crypto assets as institutions increasingly look for structure and uniformity in a maturing sector.
Citi details API for HKEX’s Synapse
New pieces of technology, like Synapse, assist Citi in migrating clients to newer technologies, and newer ways to settle and clear more efficiently.
Microsoft exec outlines ambitious capital markets strategy
As banks take a cautious approach to generative AI, Bill Borden believes Microsoft’s “copilots” will prove transformative in the capital markets.