Waters
HSBC hikes tech spend, scales up AI projects
The bank is hoping to turn higher technology costs to its advantage, investing in its new digital trade platform and increasing its exploration of generative AI.
Waters Wrap: Big Tech’s subtle plans for capital markets domination
Amazon, Google, IBM and Microsoft aren't just cloud providers anymore—and their tentacles are going to spread deep into trading systems going forward.
Institutions see everything to play for in UK’s DLT sandbox
Industry welcomes flexible issuance limits, but rues derivatives’ exclusion as a missed opportunity.
People Moves: Northern Trust, Finbourne, HKEx, Broadridge, and more
A look at the past month’s people moves within the tech and data space, including Benze Lam (pictured), who becomes Northern Trust’s Hong Kong head.
Connective tissue: S&P's InvestorAccess enables secondary market-like trading of primary issues
Through a combination of its own technology and partnerships with fixed-income mainstays Bloomberg and Tradeweb, S&P is looking to create end-to-end workflows to simplify trading of primary bond issues for both buy-side and sell-side firms.
This Week: Sk3w, HKEX, JSE, Finos, and more
A summary of the latest financial technology news.
Tradeweb aims to expand FI trading footprint after Yieldbroker addition
In what CEO Billy Hult described as a “challenging backdrop” for the quarter, the marketplace operator is looking ahead on acquisitions, automation and a widening pool of market-makers.
CME-Google cloud partnership already yielding new data analytics
CME is spending a small fortune to migrate its technology to Google’s cloud, betting on the cloud’s ability to return a large fortune from development of new data products and services.
Deutsche Börse ‘cannot afford’ to miss out on generative AI; SimCorp deal on schedule
The exchange group wants to be at the forefront of the emerging technology field and has extended its partnership with Google into AI.
Microsoft, Google highlight LLM capabilities for future growth
Satya Nadella and Sundar Pichai both touted the advancements their respective companies have made in the field of generative AI during their earnings calls.
As ESG investing faces headwinds, MSCI’s CEO says ESG ‘most popular’ topic for clients
For future analytics enhancements, the vendor will also lean into large language models and generative AI.
Citi cyber chief says AI providing new weapons in hacking wars
Barron-DiCamillo also urges regulators to work with industry best practice, not against it
Outsourced trading sees uptick as buy side seeks more bang for its buck
Buy-side firms see outsourced trading as a way to simplify their operating model, while custodians see an opportunity to sell bundled services.
A Fireside Chat with SmartStream's Jethro MacDonald
Jethro MacDonald explains how SmartStream is using AI and machine learning technology to help its clients address a number of challenges around their reconciliation functions.
This Week: DSB, Deutsche Bank, McKay Brothers, and more
A summary of the latest financial technology news.
Tradeweb treads fine line as API trend brings challenges
Buy-side rates traders look to dodge platform’s interface but remain barred from cross-venue price-shopping.
Waters Wavelength Podcast: Symphony’s Brad Levy
Symphony’s CEO Brad Levy joins to discuss the future direction for the company and ESG data and analytics.
MarketAxess looks to proprietary data and automation with new offerings
The fixed-income trading provider’s Adaptive Auto-X automation tool and new data offerings were a bright spot amid lackluster Q2 earnings.
IBM bets big on generative AI
Although Q2 revenue was flat year-on-year, it was buoyed by IBM’s hybrid cloud and AI strategy. The tech giant will build up its AI capabilities similarly to how it’s dealt with Red Hat OpenShift.
Nasdaq’s Friedman hints at plans for Adenza post-acquisition
During Nasdaq’s earnings call, Adena Friedman explained to skeptical investors why the deal makes sense for the exchange operator.
Antitrust complaint against Cusip can go forward, SDNY judge rules
The federal judge presiding over the ongoing class-action suit against Cusip Global Services, S&P Global, FactSet, and the American Bankers Association, has dismissed all complaints against the defendants except one alleging the quartet violated Section…
Clients versus compliance: banks hung up over WhatsApp fines
Most opt for outright ban, but some seek technological solutions to monitor private messaging.
Waters Rankings 2023: Best data analytics provider—RiskVal Financial Solutions
Product/service: RVFI
Waters Rankings 2023: Best market data provider—Bloomberg
Product/service: B-Pipe