Benchmarking: Most firms say proprietary LLM tools make up less than half of their AI capabilities as they revaluate earlier bets on building in-house.
As allocations to private market assets grow and are increasingly managed together with public market assets, firms need systems that enable different data types to coexist, says GoldenSource’s James Corrigan.
Benchmarking: As firms automate regulatory reporting, a key BCBS 239 requirement is falling behind, raising questions about how much lineage banks really need.
The Waters Cooler: STG carves out S&P Global’s data businesses, Arcesium expands in Hong Kong, and Rimes partners with three vendors in this week’s news roundup.
The Canadian bank’s complex execution algorithm, increasingly popular with traders stateside, is making landfall in Europe. But the region’s fragmented markets mean adoption is not simply a matter of plug-and-play.