United States (US)
Nasdaq CEO: GenAI ‘a whole new opportunity’
Nasdaq CEO Adena Friedman and other top execs outlined a range of use cases for generative AI and other emerging technologies during its Investor Day.
Bloomberg updates risk analytics platform to cope with FRTB regional shifts
The data giant is also rolling out updates for climate risk and asset liability management on its platform.
As T+1 looms, non-US firms consider out-of-hours trading
Pruned settlement cycle forces foreign buy-siders to explore automating the FX leg of securities trades.
Hot topic: SEC climate disclosure rule divides industry
Proposal likely to flounder on First Amendment concerns, lawyers believe.
BMLL to expand coverage to Level 1 and Level 2 historical data
The London-based market data provider is aiming to provide higher quality data than its new competitors, but it faces an uphill battle.
CME moves core data to the cloud, readies new data products, analytics
The exchange group has migrated its core data to the cloud as part of its 10-year partnership with Google Cloud, and is now looking ahead to further migrations and leveraging the cloud to power new data products.
S&P completes ‘operational integration’ of IHS Markit, ups focus on genAI, new regtech tool
With the IHS Markit merger now behind it, S&P Global is set to release RegGPT and other AI-enabled products.
Blood, sweat, and tiers: how the SEC’s exchange rebates proposal could reshape US equities markets
The proposal to overhaul volume-based rebates for agency brokers may create significant shifts in liquidity, order routing, and competition. And industry practitioners are split on whether it’s for better or for worse.
TMX advances plans to launch US equities ATS
New trading solutions and market data sources underpin the Canadian exchange group's growth strategy.
This Week: BMLL makes historical datasets available on Snowflake; Tradeweb; Interop.io; and more
A summary of the latest financial technology news.
AI expert warns of algo-based market manipulation
An artificial intelligence professor warns of machine learning ‘arms race’ for regulators against those seeking to use new technologies to manipulate financial markets.
This Week: Europe’s Mifir review, FIA Tech, TRG Screen, UPI implementation, and more
A summary of the latest financial technology news.
Regulators’ FRTB estimates based on faulty premise—industry study
US market risk capital requirements could more than double if banks abandon IMA
Bloomberg’s Figi extends crypto inroads
In partnership with data provider Kaiko, Bloomberg has rolled out identifiers for almost 8,000 crypto assets as institutions increasingly look for structure and uniformity in a maturing sector.
Quant shop preps NLP-powered index for physical climate risk
Sharp rise in extreme weather events prompts PGIM Quant to aim for better climate-risk pricing
Generative AI is here to stay, even if the path forward is unclear
Chatbots and large language models dominated the AI conversation this year with the expectation that 2024 will bring more innovation and use cases to the forefront.
Fixed income in 2023: Mergers, modernization, and mysteries, oh my!
Between tech revolutions, secret EMSs and electronified bonds, the fixed-income market saw major advancements over the last 12 months
BMLL adds Canadian data amid global expansion strategy
The market data vendor plans to add more equities and futures exchanges in 2024.
Managing the FX challenge for T+1
As firms prepare for T+1 in May 2024, DTCC’s Val Wotton says they should also consider the complexities for cross-border trades.
Waters Wavelength Podcast: BMO on market structure
This week, Joe Wald from BMO joins the podcast to discuss the SEC’s market structure proposals.
Citi’s internal cloud project gets open-sourced
Through Finos, a project that started internally to help Citi get a better handle on its cloud controls now includes the likes of Goldman Sachs, Morgan Stanley, RBC, BMO and LSEG.
People Moves: Enfusion, Acadian, LSEG, and more
A look at the past month’s people moves in the capital markets technology and data space.
Interop tech buys time for buy-side fixed-income traders
A few buy-side traders and portfolio managers spearheading a drive for greater interoperability are reaping the rewards of increased workplace efficiency. Is interoperability the fixed-income panacea the buy side has been looking for?
Banks find intriguing ‘data play’ via tokenization efforts
Tokenization is no longer just a peculiarity of the crypto world, as execs from global custodian banks discuss their firms’ tokenization and digital assets strategies.