Refinitiv
Market data consumers buy the same products at massively different price points
A new study finds that asset managers are paying several times more than their peers for the same services—but why? And can it be fixed? Does it need to be?
SEC’s $5M Bloomberg BVAL fine targets ‘dark magic’ in fixed income pricing
Recent actions against Bloomberg and Ice for violations relating to evaluated pricing services suggest the US regulator may be setting the stage for stricter regulations to govern the sector.
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.
In 2022, cloud shows true potential to displace legacy data platforms
Once wary of the cloud, financial firms, their suppliers and the marketplaces where they trade are openly embracing it. And there are more signs of big tech firms accelerating buy-in by literally buying in to clients’ migration projects.
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.
Where does Pyth fit in?
A small number of exchanges have joined the Pyth Network. Nyela wonders whether the on-chain data distribution model fits in with the swift rise of data marketplaces.
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?
FX primary venues seek reversal of fortunes
EBS and Refinitiv fight to restore market share—but bilateral trading may be too entrenched, dealers say
Could cloud kill the data licensing debate and shake up pricing models?
Market participants say cloud has the potential to reimagine data licensing. But moving to the new operational model comes with a raft of unanswered questions.
Waters Wrap: Banks explore new avenues for cloud cooperation
As banks and asset managers move more workloads to the cloud, they’re trying to find ways to cooperate to cut costs and exert more influence over the likes of AWS, Google and Microsoft. Anthony wonders if these early efforts will yield beneficial results…
LSEG’s Refinitiv to deliver Real-Time Full Tick data on the cloud in 2023
The data vendor has 19 points of presence from where it will provide co-located access to the new managed services by Q2 2023.
People Moves: UKEF, RBC, Plenitude and more
A look at some of the key people moves from this week, including Samir Parkash (pictured), who becomes UK Export Finance’s interim chief executive officer.
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.
Waters Wrap: Ion’s fixed income EMS & how tech development theory is changing
Some of the largest trading platform providers have embarked on major integration projects in recent years. As fintech disruption continues, Anthony says this is not a fad, but an evolutionary shift.
Banks prepare to unleash FX swap bots
BNP Paribas, JP Morgan build execution algos to plug into platforms—but swaps liquidity needs to catch up first
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.
Waters Wrap: How the LSEG-MayStreet tie-up might change the buy/build debate
Anthony looks at some of the questions that came up from industry participants in the wake of the LSEG-MayStreet deal.
LSEG-MayStreet: From direct feeds revamp to reg tools, industry sources outline rationale for deal
The acquisition of the 10-year-old vendor will give the exchange group high-quality market data, low-latency direct feeds, and packet-capture capabilities, experts say.
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.
People Moves: Deutsche Börse, Talos, Gresham, Tradefeedr, and more
A look at some of the key people moves from this week, including Shannon Johnston (pictured), who joins Deutsche Börse as chair of the supervisory board's technology committee.
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.
People Moves: TP Icap, Nasdaq, CFTC, and more
A look at some of the key "people moves" from this week, including Mark Govoni (pictured), who joins TP Icap as the chief executive officer of its agency execution division.
Cboe completes integrations of triple acquisition, turns focus on risk and analytics
In 2020, Cboe Global Markets acquired three businesses in rapid succession. Two years later, the tech stack integrations are complete, and the now-combined entities make up the majority of the exchange’s rebranded Risk and Market Analytics Group.
Waters Wrap: As M&A heats up, integration concerns mount
In the order and execution management space, and in the mid-tier market data platform provider space, there’s been a fair amount of M&A activity in recent years. Anthony looks at why some market observers are worried about this consolidation.