Goldman Sachs, Research Renaissance and Mergers: A Week in Review
John reviews SST’s biggest stories of the last week, including Goldman Sachs, new research technologies, and the latest M&A activity.
How do you manage and optimize data operations in a financial institution that counts over 32,000 staff, of which 8,000 are engineers or computer scientists who work with and produce enormous datasets on a daily basis? According to Joanna Hannaford, head of technology at Goldman Sachs, the answer is to seek inspiration from the likes of Google and Amazon.
Speaking at the WatersTechnology Innovation Summit, Hannaford explained how these consumer-facing giants informed the bank’s data strategies to not only cope with the ever-increasing quantities of data that are now produced through banking operations, but also how to best use datasets that would otherwise have gone to waste.
The merger and acquisition (M&A) merry-go-round shows no signs of stopping at the end of 2017, thanks to the latest deal between two European tech vendors to join forces. Sweden’s Itiviti has announced it will acquire French counterpart Ullink, effectively quadrupling its client base and significantly building out its buy-side offering at the same time.
Ullink has been a staple of WatersTechnology’s various awards over the years, winning consistent acclaim for its FIX order routing network, Nyfix. While financial details of the deal have not been made public, Ullink’s credentials are clear to see and it will more than likely wind up being a good deal for Itiviti CEO Torben Munch and his business.
Research, Analytics Renaissance
While the topic of research has been, to a certain extent, hijacked by the incoming Mifid II unbundling requirements, there are a huge number of new technology developments going on in this space. Our US editor, Anthony Malakian, has put together a fascinating insight into some of these advances and trends pertaining to quantitative analytics.
As Anthony rightly points out, these systems still “need more time in the oven,” but it’s exciting to see various industry players putting time and resources into elements such as machine learning, natural language processing, new programming languages, alternative data and open-source projects to really drill down into the data they have at their fingertips. It’s definitely worth a read.
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
The IMD Wrap: Quality drivers—the sticks and carrots accelerating the data quality race
Like a Formula One Grand Prix, data management is a race that can be won or lost. And just as each race is part of a larger F1 championship that pays large sums of TV money to the winning team, winning or losing one race can contribute to winning or losing an endgame with much more at stake.
This Week: Clear Street, Hudson River Trading/Google Cloud, Alveo and more
A summary of the latest financial technology news.
Start-up uses ‘Magic’ to democratize access to AI for hedge funds
Spun out of Brevan Howard five years ago, SigTech hopes its new no-code generative AI offering can help smaller buy-siders even the odds with AI models.
JP Morgan touts DLT, tokens for collateral management
Distributed-ledger technology could make moving non-cash collateral more efficient, said managing director Toks Oyebode during an Isda conference on Thursday.
Waters Wrap: The changing definition and perception of blockchain
Anthony says that questions of definition and perception are killing DLT projects in the capital markets—oh, and a lack of proven implementations.
This Week: IPC extends Google Cloud partnership, BlackRock/AIA, DTCC and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Deutsche Bank’s Boon-Hiong Chan
Boon-Hiong Chan from Deutsche Bank joins the podcast to talk about blockchain interoperability.
SocGen pushes data, analytics use cases for SG Markets
The bank is letting a handful of clients experiment with its proprietary data and models to inform their research.