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This Week: Bloomberg, MSCI, Liquidnet & more
A summary of the latest financial technology news.
Waters Wrap: Google’s cap markets play portends a shift in trade tech philosophies
According to Google’s Phil Moyer, the capital markets are shifting from a world where location determined liquidity, to one where accessibility will be the main differentiator for exchanges. Anthony explores what this could mean for trading firms going…
Eliminating the human touch: Examining RBC’s tech infrastructure evolution
The Canadian bank’s tech infrastructure unit is using Kubernetes as it looks to become a “truly end-to-end digital enterprise.”
This Week: Bloomberg/HSBC, Refinitiv/Microsoft, IBM, Jump Trading, & more
A summary of the latest financial technology news.
One view to rule them all: Buy side firms seek to unify their data
Asset management firms still struggle to consolidate their data so that it speaks the same language across different business lines. Some new SaaS-based investment management vendors are aiming to solve this.
Cost, security concerns dampen banks' appetite for multi-cloud infrastructures
As firms make progress on cloud adoption, they are discovering that multi-cloud strategies for individual businesses can not only duplicate costs, but can also inadvertently downgrade a firm's resiliency.
Danske Bank turns to licensing optimization for cost savings in the millions
In a cloud world, IT asset management can save on operational and compliance costs and get the most out of software usage. But it's important to find the right people for the job.
New regulation forces UK banks to scrutinize cloud
Firms say changing SLAs and getting required information from vendors like AWS, Azure and Google Cloud is a heavy burden.
2021: The year when Big Tech ‘Googled’ the financial markets and liked the results
Now that cloud has become widely adopted by financial firms, Big Tech companies are seeking to leverage their other services to become more ingrained in the workflows of the capital markets.
Waters Wrap: The biggest disruptors facing the capital markets as we head into 2022
In Anthony’s mind, eight topics will dominate the headlines in the New Year. They are…
Clouding the issue: blurred lines divide banks and servicers
Banks are increasingly clashing with the big three cloud service providers over data security and configuration errors.
Slow burn to a big bang: How the new wave of tech is changing market data platforms
For decades, market data platforms have been critical components of financial firms’ trading infrastructures. But with changing user needs and emerging technologies gaining ground, will the platforms of the past be replaced by upstart challengers—or can…
Cloud promises cost savings, but users still overspend
Cloud overspending and overprovisioning is a pervasive problem as cloud usage is poised to grow in 2022.
NLP for investment management: quants face a grab bag of words
Training models to interpret text can be dull; but doing it poorly can be costly.
Post-trade in the cloud: Startup RQD aims to reimagine clearing
With the post-trade space poised for major change, startup clearing firm RQD says a new cloud-based platform will help it respond to client needs and new business opportunities.
Waters Wrap: CME & Google—the first domino falls
Anthony explores some of the unanswered questions—and potential ripple effects—that come with the new partnership between CME and Google.
Banks seek greater clarity from regulators on cloud risk
Regulators have been reluctant to specify cloud risks, despite warnings of overreliance on three big providers.
Waters Wrap: On cloud migrations and VCRs
Financial services firms are increasingly embracing public cloud offerings, but there have been stumbles along the way, including around scalability, throttling, and a lack of true multi-cloud connectedness. These are lessons that must be learned if…
Bank of Montreal begins 2nd phase of cloud migration and development strategy
Similar to its competitors, BMO wants the future development of financial services tools to be cloud-native. The bank expects 30% of workflows to be moved to the cloud within three years.
From burst to bust: What happens when cloud runs dry?
After years of initial resistance, the capital markets have come to depend heavily on the compute capacity of the public cloud. But increasing market volumes are rapidly outpacing the cloud capacity that organizations thought would be sufficient for…
This Week: Deutsche Borse; State Street; IHS Markit; MSCI; & more
A summary of the week's financial technology news.
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.
Waters Wrap: Owning the data & doing something unique with it—the ultimate alchemy
Based off of Max Bowie’s recent deep-dive feature, Anthony says that the world of alt data M&A—and the factors that drive these deals—is likely to change in the near future. For an analogy, just look to sushi.