Nasdaq
A rough race begins: Industry faces uphill transition to T+1 settlement
With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue…
MSCI’s multi-cloud strategy aims to provide a new window into investment data
The MSCI One platform already runs on Microsoft Azure, and MSCI is building a new investment data platform on Google Cloud to utilize the search giant's AI and NLP capabilities.
This Week: Nasdaq/BEC, Capitolis, S&P and more
A summary of the latest financial technology news.
Data analytics dominate M&A agenda for exchanges in 2022
While there weren’t many headline-grabbing acquisitions in 2022, the year contained a handful of deals that point to expanding trends in the exchange technology industry.
Consolidated tapes gain ground in 2022
Regulators in the US, UK, and EU moved to push forward market data efforts this year.
Waters Wrap: Big Tech, exchanges and a rapidly evolving market
Following LSEG’s partnership with Microsoft, Anthony talks with some industry participants to explore what this might mean for exchange tech going forward.
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?
Waters Wrap: ASX’s Chess DLT meets calamitous fate—what can be learned?
The future of exchange technology resides in the cloud…not blockchain. Anthony says ASX proved this with its Chess replacement project.
Howson on steering Cboe past potholes and traffic cops
The head of the world’s largest options exchange discusses SEC regulation and SPX appeal.
Goldman Sachs, JP Morgan join forces to explore market data in the cloud
The banks’ vision is for vendors and consumers to be able to distribute and access all data sources in a multi-cloud environment. They’re mapping the way to get there.
Waters Wrap: What makes for a ‘true’ cloud migration?
While most every trading firm is migrating workflows and platforms to the cloud, Anthony explains that not every migration project is created equal.
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
Nasdaq gears up for 1st migration in a long journey to AWS
While Nasdaq is set to begin migrating its MRX exchange to AWS’s cloud infrastructure next month, the full migration program could take 10 to 15 years to complete.
It’s amateur hour: examining retail trading and options data
Cutting-edge data shows non-professionals are driven by news events and a desire to make a quick buck.
New study shows mainframes still popular despite the rise of cloud—though times are changing…fast
A whitepaper from the DTCC and Celent finds that 67% of buy- and sell-side firms hope to be “cloud first” by 2024, but mainframes still part of the equation.
SEC deadline raises existential questions for US market data
This month, the commission must decide on a fee filing under its market data modernization efforts. Jo wonders how likely we are to see those efforts materialize any time soon.
Waters Wrap: ASX, Cboe and evolving exchange technology
As ASX’s Chess replacement project stalls yet again, Anthony wonders if the exchange is at risk of falling behind the likes of Cboe, Nasdaq and CME, which are making major investments in cloud technology.
Amid macro storm clouds, a silver linings playbook for fintech
Banks and VCs believe inflation and rising interest rates will result in winners as well as losers
Waters Wrap: The industry's increasingly cloudy skies
Anthony looks at some of the major cloud-based projects to hit the capital markets over the last 2.5 years.
This Week: Instinet/FIS, Goldman/Quant Insight, Nasdaq/Metrio and more
A summary of the latest financial technology news.
Waters Wrap: The Big Tech cloud providers are coming for your toys
Anthony thinks that the fintech community should be looking over their shoulders as the major cloud providers are going to disrupt financial markets even more than they do today.
Court thwarts exchanges’ petition to head off market data threat
The DC appeals court has denied a petition to void a rule that seeks to bring competition to the US consolidated tapes.
Is an EMS an exchange? Vendors alarmed by scope of Reg ATS amendments
Some industry participants are worried that proposed amendments to Regulation ATS could see the trading perimeter expanded to include a wide array of messaging systems.
Spot the difference: Why crypto data can’t be treated like traditional market data
As institutional participation in cryptocurrency markets increases, traditional data vendors and new specialist crypto data providers are taking different approaches to supplying necessary data to financial firms.