Key Takeaways from ETAS 2016
Regulation, machine learning and millennials were some of the key topics addressed at this year’s European Trading Architecture Summit.
![email-keymasters-digital-experience email-keymasters-digital-experience](/sites/default/files/styles/landscape_750_463/public/import/IMG/394/312394/email-keymasters-digital-experience.jpg.webp?h=99713ec5&itok=-bxwm442)
1. Regulation Still Dominates Thinking
It's no real surprise that the main driver of technology investment and strategy going into 2017 is regulation, regardless of which side of the Street you're on.
Attention has swung back to preparing for Mifid II recently, and in a poll of delegates, just under half of respondents said that regulatory compliance is having the biggest impact on the financial services industry.
Almost every panel throughout the day touched on regulatory issues and compliance at one point or another, whether it was the burgeoning "regtech" space (a topic tackled in this week's Waters Wavelength podcast), data management strategies or the problems that distributed-ledger technologies may cause for regulators in the future.
On a slightly more concerning note, a poll of delegates during the Mifid II panel was asked: "Did postponement of MiFID II to January 2018 delay or stop your firm's implementation program or did it make no difference because you hadn't begun?" Just under half of respondents admitted that they had yet to start preparations for the regulation. Worrying.
2. Machine Learning Only Set to Grow
It's something we here at Waters have known for a while, but our opinions were confirmed yesterday by the widespread interest in the growth of machine learning and artificial intelligence (AI) technologies.
While moderating the day's panel discussion on the topic it was clear that there is much more to be said on this topic than would fit into a 40-minute slot, while the sheer volume of different questions coming from the audience covered issues such as the human element involved in adopting machine learning, whether AI is able to drive innovation, what risks are involved from a process and operational perspective, and the difficulties of finding the right talent to implement and maintain these kinds of technologies.
3. Millennial Tech Talent Is the Future
Millennials seem to be the go-to punching bag for much of the world's problems in the mainstream press, but there was a very different mind-set presented at ETAS this year. The generation that has been labeled entitled, spoiled and work-shy was cited as the future of capital markets' technology and the driving force behind innovation.
Joerg Guenther, CTO EMEA at Northern Trust, gave the afternoon's keynote speech and highlighted how the bank is harnessing the potential of collaboration between its senior leadership and tech-savvy youngsters with innovation labs, hackathons and projects with fintech startups.
Watch out for more in-depth coverage of this year's European Trading Architecture Summit over the next few days.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
This Week: Startup Skyfire launches payment network for AI agents; State Street; SteelEye and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Standard Chartered’s Brian O’Neill
Brian O’Neill from Standard Chartered joins the podcast to discuss cloud strategy, costs, and resiliency.
SS&C builds data mesh to unite acquired platforms
The vendor is using GenAI and APIs as part of the ongoing project.
Chevron’s absence leaves questions for elusive AI regulation in US
The US Supreme Court’s decision to overturn the Chevron deference presents unique considerations for potential AI rules.
Reading the bones: Citi, BNY, Morgan Stanley invest in AI, alt data, & private markets
Investment arms at large US banks are taken with emerging technologies such as generative AI, alternative and unstructured data, and private markets as they look to partner with, acquire, and invest in leading startups.
Startup helps buy-side firms retain ‘control’ over analytics
ExeQution Analytics provides a structured and flexible analytics framework based on the q programming language that can be integrated with kdb+ platforms.
The IMD Wrap: With Bloomberg’s headset app, you’ll never look at data the same way again
Max recently wrote about new developments being added to Bloomberg Pro for Vision. Today he gives a more personal perspective on the new technology.
LSEG unveils Workspace Teams, other products of Microsoft deal
The exchange revealed new developments in the ongoing Workspace/Teams collaboration as it works with Big Tech to improve trader workflows.