United States (US)
Banks offer crypto clearing but, shhh, don’t tell
Top dealers clear crypto futures for select clients despite smorgasbord of risks
Looming court battle could void SEC’s market data efforts
Litigation preview: What will the big exchanges argue in a court case to reverse the SEC’s initiatives?
This Week: SimCorp; Liquidnet; Appital; Qontigo & more
A summary of the latest financial technology news.
This Week: Amundi Tech; Broadridge/ Santander; Deutsche Börse & more
A summary of the latest financial technology news.
Vanguard eyes DLT for FX forwards after smart contract success
The fund giant hopes the roll-out of the tech in 2022 will deliver greater efficiency and pricing benefits.
Industry slams market data fee filing
Jo struggles to see how the SEC could approve fee proposals for exchange market data fees.
This Week: Red Hat/Temenos, Six/BIS/SNB, Avelacom/LSEG & more
A summary of the latest financial technology news.
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…
BNY Mellon’s CRO: ‘IT must own the risk of their business decisions’
Veteran risk manager and former trader Senthil Kumar gives his views on “intelligent” risk-taking.
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.
2021 saw market data’s quiet revolution
This year, the SEC pulled the trigger on competing consolidated tapes and a new market data governance plan. In 2022, we will know if some of it can go ahead, or remain stymied by legal battles.
People Moves: Cboe, Esma, ASIC, State Street, NeoXam, and more
A look at some of the key people moves from this week, including Erik Thedéen (pictured), who has been appointed vice chair of Esma.
Disrupting data delivery: AWS Data Exchange gains ground with addition of FactSet content
Leveraging AWS’s presence on Wall Street, Data Exchange has the potential to shake up traditional financial data delivery and contracts, if it can add relevant content and overcome challenges like real-time streaming and connectivity in the cloud.
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.
Once taboo, open-source skills now sought by Goldman Sachs, Morgan Stanley and other top sell sides
The world’s biggest banks want the new talent to possess at least some open-source technology skills, which was unthinkable a decade ago. It’s a win for advanced open-source practitioners, but how did it materialize? The answer is likely a not-so-even…
Fee filings cloud hopes for cheaper NMS data
Aspirant ‘competing consolidators’ were hoping for a lot more leeway than they got in an important fee filing, Jo says. By Jo Wright
This Week: Finos, Northern Trust, DTCC, and more
A summary of some of the past week's financial technology news.
The perfect climate risk metric does not exist
Buy-side risk survey 2021: Even the keenest searches fail to find a reliable system of climate disclosure.
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: Rimes, Broadridge, TP Icap, Sifma, and more
A look at some of the key "people moves" from this week, including Justin Brickwood (pictured), who joins Rimes as head of benchmark data services.
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.
FIS modernizes through modularity
The vendor has been in the process of overhauling its entire tech estate for almost seven years, with the aim of offering modular, flexible services.
People Moves: Charles River, Causality Link, Preqin, and more
A look at some of the key people moves from this week, including Caroline O'Shaughnessy (pictured), who joins Charles River Development as Emea head.
People Moves: Calastone, Securitize, Esma, State Street and more
A look at some of the key people moves from this week, including Ahsan Raza (pictured), who has joined Calastone as chief financial officer.