News
Buy-Side Technology Awards 2023: All the winners and why they won
Here are the 37 category winners comprising the 2023 Buy-Side Technology Awards.
This Week: Google Cloud/Regnology, Nasdaq, DTCC, and more
A summary of the latest financial technology news.
People Moves: ICE, Qomply, Genesis, Symphony, Trumid, and more
A look at the past month’s people moves from the past month in the capital markets technology and data space.
New crypto Isins seen as ‘really important’ step for TradFi adoption
Execs at TP Icap and Societe Generale say the identifier removes a major barrier for crypto acceptance.
This Week: Broadridge/TSE, BlackRock, Tradeweb, Finos, and more
A summary of the latest financial technology news.
Nomura’s tech revamp propels its global FX push
The bank hopes the overhaul of pricing tech and a new single-dealer platform will boost its FX business.
Tradeweb turns attention to automating larger trades in credit
CEO: “In 2023, as we’re entering 2024, there are still clients that pick up the phone and do trades like it’s 1994.”
IBM outlines ‘hybrid’ AI approach as revenues rise
It’s been two years since IBM’s pivot to a hybrid cloud and AI strategy, and the tech giant saw strong earnings as it continues to invest in the watsonx platform.
BNY Mellon streamlines the hunt for liquidity with LiquidityDirect updates
The bank spent the last three years evolving and expanding LiquidityDirect to include additional asset classes, and will white label the platform to customers.
For MarketAxess, portfolio trading buoys flat revenue in Q3
The vendor is betting on new platforms like X-Pro and Adaptive Auto-X, which helped forge a record quarter for platform usage.
Quants look to language models to predict market impact
Oxford-Man Institute says LLM-type engine that ‘reads’ order-book messages could help improve execution
In ‘unusual’ move, Virtu fights $25m SEC fine for data safeguarding breach
Virtu disputes the regulator’s claim that employees had ‘unfettered’ access to consumer data.
This Week: Delta Capita/SSimple, BNY Mellon, DTCC, Broadridge, and more
A summary of the latest financial technology news.
JP Morgan pulls plug on deep learning model for FX algos
The bank has turned to less complex models that are easier to explain to clients.
LSEG-Microsoft products on track for 2024 release
The exchange’s to-do list includes embedding its data, analytics, and workflows in the Microsoft Teams and productivity suite.
Nasdaq says SaaS business now makes up 37% of revenues
The exchange operator’s Q3 earnings bring the Adenza and Verafin acquisitions center stage.
The causal AI wave could be the next to hit
As LLMs and generative AI grab headlines, another AI subset is gaining ground—and it might solve what generative AI can’t.
BlackRock forecasts return to fixed income amid efforts to electronify market
The world's largest asset manager expects bond markets to make headway once rates settle.
This Week: JP Morgan, Broadridge, Lloyds, JSE, Schroders, and more
A summary of the latest financial technology news.
Tech spend, AI fuel JP Morgan’s fight against Big Tech giants
JP Morgan Chase, which has spent more than $15 billion this year on technology, intends to invest even more to compete against tech behemoths.
What firms should know ahead of the DSB’s UPI launch
Six jurisdictions have set deadlines for firms to implement the derivatives identifier, with more expected to follow.
Bloomberg creates one-stop shop for portfolio managers on Terminal
PM <GO> is a new workstation meant to support buy-side decision-making from analysis to implementation.
Getting up to speed: Shortwave Chicago-London link clocks under 25ms
Industry benchmarking body Stac reports audit findings on the latency and throughput of Raft Technologies’ Chicago-London links.
This Week: Broadridge/UBS, Bloomberg, MarketAxess, ICE, and more
A summary of the latest financial technology news.