Clear Street
The Waters Cooler: Everybody wants data
We’ve got more identifiers drama, additional CTP bidders, a shiny new AI product and … Moo Deng. Gather around the cooler, folks.
People Moves: IPC, State Street, Finra and more
A look at the past month’s people moves in the capital markets technology and data space.
This Week: Clear Street, AXA/AWS, TD Bank/Google Cloud and more
A summary of the latest financial technology news.
Industry unsure of SEC’s new short-selling transparency rule
Does the SEC’s recent 10C-1a rule provide sufficient transparency while protecting traders’ short-sale positions from a GameStop-style backlash? The data will be key.
SEC squares off with broker-dealers over data analytics usage
The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC…
This Week: SteelEye, Clear Street, Accelex and more
A summary of the latest financial technology news.
People Moves: SEI, ANNA, Trading Technologies and more
A look at some recent people moves within the capital markets tech and data space.
This Week: Finos, Cboe Global Markets, Aiviq/Alliance Bernstein & more
A summary of the latest financial technology news.
Reg SCI expansion set to increase broker-dealer systems scrutiny, reporting
The SEC is preparing to drastically expand the scope of Regulation SCI, which covers IT systems critical to the smooth functioning of the markets. But in the absence of formal proposals so far from the regulator, how can affected firms prepare for new…
Waters Wrap: Fintech funding—follow the money
As funding for startups and young companies dries up due to inflation and rising interest rates, Anthony looks at some of the vendors that have received monetary infusions this year to see if there are any patterns to be gleaned.
Cloud and APIs begin to (slowly) permeate the post-trade space
As financial firms turn their attention toward modernizing the back office, how they approach these projects comes under new scrutiny.
If it ain’t broke, break it: Back-office tech reform may benefit front-office returns
Better data visibility across multiple systems could provide a driver for technological change in the world of post-trade.
LSEG-Tora: A tale of crypto, Asia expansion and (more) integration burdens
When LSEG acquired Refinitiv, it added Eikon, FXall, and AlphaDesk to its portfolio of execution platforms. In February, the exchange also bought Tora, which has a stronghold in Asia, as well as a presence in crypto. While sources say there are clearly…
Buy one, get one free: Algos learn to multi-task
For years, brokers have offered suites of algorithms, each geared toward a certain strategy and outcome. Now, firms are compressing these into multifaceted algorithms that can switch between different strategies or markets in response to trading…
Cloud: Capital markets’ Swiss Army knife
The best uses of the cloud so far have been as an enabler of performance and innovation. The best uses yet to come could reshape AI. So, Max warns, if you think cloud is about cutting costs, you’re thinking about it all wrong.