Citi
Waters Wrap: Are consortiums more viable in today’s tech environment?
Rishi Nangalia and Nilesh Nanavati, founding partners of advisory firm OpCo, say that while consortium projects are popular in the capital markets, most fail to get off the ground. Can that be prevented?
Citi quants’ AI model aims to hedge earnings surprises
Machine learning tool forecasts effect of shocks on implied volatility surfaces in minutes.
All the pieces fit: connecting trader voice and messaging across workflows
Cloud9 expands Symphony's communication channels to trader voice, in an effort to simplify workflows as Wall Street struggles with compliant communications.
Chill winds blow for Capitolis’s equity swap platform
The fintech’s effort to revive off-balance-sheet funding runs into market and regulatory turbulence.
People Moves: Northern Trust, Deutsche Bank, SS&C, STP Investment Services & more
A look at some of the key people moves from this week, including Michael Buzza (pictured), who becomes Northern Trust's new global head of Network Management and Market Security
TransFicc builds its own datacenters to cut outsourcing costs
The Ion competitor is looking for better control, lower latency, and improved redundancy.
Advancements in NLP bring focus to document insight
Vendors are looking to provide AI models to help financial professionals get more value out of unstructured data sources.
People Moves: Citi, OpenFin, Genesis, Liquidnet and more
A look at some of the key "people moves" from this past week, including Vicky Sanders (pictured), OpenFin’s new chief digital officer.
Rival platforms battle to control electronic trading of CLOs
Octaura has the backing of dealers, while Kopentech is leaning into its buy-side roots
People Moves: Tradeweb, Ion, Burton-Taylor, HKEx, and more
A look at some of the key people moves from this week, including Thomas Pluta (pictured), who joins Tradeweb as president-elect.
FDC3 updates interop standard with 2.0 rollout as adoption grows
Finos gets ahead of FDC3’s critical mass by making breaking changes to the desktop interop standard, including baked-in data exchange.
Project Octopus becomes Octaura, killing BofA’s Instinct platform and Citi Velocity trading protocol
Backed by the banks in the Project Octopus consortium, the new, independent company will launch this year with a focus on new trading protocols and integrated data analytics. At the same time, Bank of America will sunset its single-dealer loan trading…
Symphony brings Web3 to KYC with new ID service pilot
Symphony Communication Services is piloting an experimental ID service that uses Web3 and DeFi concepts to automate and reduce the burden of tasks like know-your-customer, onboarding, and reporting.
People Moves: HKEx, FCA, Clear Street, and more
A look at some of the key "people moves" from this week, including Prerak Sanghvi (pictured), who joins Clear Street as vice president of engineering.
Waters Wrap: Snowflake’s cloud plans and what they mean for the interop movement
Upstart Snowflake hopes to be the global data network that brings true interoperability between data and trading platforms across the capital markets. Anthony says it’s an audacious plan, but one worth watching.
People Moves: Cboe, Broadridge, DTCC, Liquidnet, and more
A look at some of the key "people moves" from this week, including Stephanie Renner (pictured), who has been named senior vice president of international finance at Cboe Global Markets.
This Week: KPMG/Volante Technologies, LiquidityBook, Northern Trust & more
A summary of the latest financial technology news.
This Week: Bloomberg; Charles River, DTCC, SmartStream & More
A summary of the latest financial technology news.
People Moves: BNP Paribas, HKEX, Broadway, BMLL, and more
A look at some of the key people moves from this week, including Tim Baker (pictured), who joins BMLL as senior advisor.
Where have all the blockchain startups gone?
Building a startup is hard. Building a blockchain startup is harder. More than 10 current and former financial blockchain builders and users detail their experiences of trying to cut their teeth on a once-darling tech, and the lessons they’re still…
Barclays (and others) strive for machine learning at quantum speed
Embryonic work on quantum neural networks raises hope of faster, more accurate models
Limiting fat-finger errors: Using AI, the ESA and Mosaic aim to make traders more efficient
The European Space Agency is looking to apply space technology and AI to help financial firms better manage risk and find alpha-generating signals. Mosaic Smart Data is now four years into a partnership with the organization and is taking aim at…
The good, the bad, and the ugly of financial democratization
From crypto and Web3 to Robinhood and Reddit, democratization underscores it all. While it’s a largely benign concept that aims to level the playing field between institutions and individuals, it’s also really hard to get right.