Bank and asset manager execs say the pressure is on to build AI tools. They also say getting the data right is crucial, but not everyone appreciates that.
The IMD Wrap: In 2021, Reddit was thrust into the spotlight when day traders used the site to squeeze hedge funds. Now, for Intercontinental Exchange, it is the new it-girl of alternative data.
Since 2023, Bloomberg has unveiled its internal LLM, BloombergGPT, and added an array of AI-powered tools to the terminal. As banks and asset managers explore generative and agentic AI, what lessons can be learned from a massive tech and data provider?
Come August, the EU’s AI Act will start to sink its teeth into Europe. Despite the short window, financial firms are still wondering how best to comply.
The Waters Cooler: Deutsche Börse acquires remaining stake in ISS Stoxx, Etrading bids for EU derivatives tape, Lofthouse is out at ASX, and more in this week’s news roundup.
19 Feb 2026
18 Feb 2026
