S&P
Is disruption finally coming for the index business?
Regulatory developments and startups gaining some ground may—one day—threaten the incumbent providers in this space.
Continuous evolution: Researchers work to specialize NLP for finance
From academics to data teams at investment banks, those in and adjacent to the capital markets are looking to specialize natural language processing models to understand and break down financial data.
Firms challenging Cusip file new lawsuit alleging antitrust violations, breach of contract
A broker-dealer and two investment managers have filed a new, joint complaint against the quartet of companies associated with management of the Cusip numbering system.
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
The Emir Refit: Technology and operational implications
The upcoming Emir Refit regulation, set to enter the European Union’s statute books in the first half of 2024, is different in substance to the regulations preceding it, although the implications of complying with it are similar: firms will need to…
Federal court denies motion for early judgement on Cusip numbers’ copyrightability
A judge for the Southern District of New York has also ordered that two class-action suits brought against Cusip Global Services and its affiliates earlier this year be consolidated.
People Moves: TP Icap, ACA Group, BNP Paribas, Morningstar, and more
A look at some of the key people moves from this week, including Marie Luchet (pictured), who joins ACA Group as managing director of ESG.
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.
Plaintiffs in Cusips lawsuit argue the codes aren’t copyrightable
Firms file “aggressive” motion to have legal case resolved early, saying Cusip’s operators and owners have no basis to charge for the codes.
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.
Second class-action lawsuit targets Cusip’s ‘monopoly’ on identifiers
Days after a first class-action suit took aim at Cusip, S&P Global, the American Bankers Association, and FactSet, another plaintiff has filed a complaint alleging that the quartet of companies violated the Sherman Antitrust Act, as well as certain…
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…
Waters Wrap: Questions raised by Cusip lawsuit
An investment bank and an asset manager have filed a class-action lawsuit against Cusip Global Services, S&P Global, the ABA and FactSet. Anthony explores some of the questions that such a suit raises.
Class-action lawsuit takes aim at Cusip, S&P, FactSet & ABA
A complaint filed March 4 seeks judgement on whether Cusip Global Services, S&P Global, the American Bankers Association, and (now) FactSet have violated copyright laws as well as the Sherman Antitrust Act by charging hefty licensing fees to use the…
Cusip finds new home at FactSet as industry watches warily
Though the standard has always been operated by a private entity, industry sources say its new operator could create a perception issue for FactSet. For its part, the vendor says the purchase (for a “stunning” total of nearly $2 billion) is meant to…
People Moves: AlphaSense, Enfusion, Solidatus, and IQ-EQ
A look at some of the key "people moves" from this week, including Roma Greening (pictured), who joins AlphaSense as head of broker relations for EMEA and APAC.
Meme stocks, Reddit, and QAnon: A postcard from the origin of the metaverse
Join WatersTechnology for a look back at the most absurd stories of the year—Reddit/GameStop, the advent of meme stocks, and QAnon—and what they mean for you.
Regulators turn gaze on ESG rating providers—for better or worse
Governments around the world are looking to clamp down on providers of ESG ratings and data products. Jo wonders what the implications could be for a still nascent market.
EC ends S&P’s 53-year era as Cusip’s "cash-cow" operator
Sources ID Ice and DTCC as suitors, but new owners may not bring relief to users paying millions.
People Moves: SteelEye, Northern Trust, LPA, Tora, and more
A look at some of the key "people moves" from this week, including Brian Lynch (pictured), who joins SteelEye as president of US operations.
This Week: S&P Global Market Intelligence, SimCorp, SS&C, Six, and more
A summary of some of the past week's financial technology news.
Waters Wrap: Some random thoughts about Big Tech disruption and M&A in Q4
Anthony looks at what he thinks will be the biggest topics during the last quarter of 2021.
Risky business: Moody’s attempts to carve out space in overrun ESG market
In the past two years, Moody’s Analytics has acquired four vendors that the ratings specialist hopes to integrate for ESG offerings in a crowded market.
Direxion turns to Two Sigma’s Venn for thematic ETFs
The firm is using the platform as a comparison tool as it evolves its fund offerings.