Waters
Banks seemingly build more than buy, but why?
Waters Wrap: A new report states that banks are increasingly enticed by the idea of building systems in-house, versus being locked into a long-term vendor contract. Anthony explores the reason for this shift.
Who’s afraid of the big, bad AI computer?
The last two years of GenAI’s hype cycle have re-energized the conversation around what AI technology can offer. It’s also brought fears, concerns, and post-apocalyptic narratives. Nyela thinks much of it is unwarranted.
The Waters Cooler: ‘Tis (almost) the season
Outer-space datacenters, a bumper week for data product announcements … and did I mention that I sing?
Waters Wavelength Ep. 292: Fencore’s James Crosby
James Crosby joins the podcast to talk about the evolution of buy side tech and data decisions.
Deutsche Bank experiments with regulatory GenAI tool
Project Aggie can complete what business domain experts typically do in a few hours in under five minutes, the bank says.
T+1 shift sees out-of-hours human resourcing costs spike by as much as 20%
New research finds that trading firms are experiencing increased labor costs—which could be a boon for outsourced trading.
Startup takes aim at data notifications burden
The rising tide of daily notification messages from exchanges is threatening to overwhelm data professionals. A new entrant is looking to help.
Choose your execution: Traders tout benefits of algos for ETFs
In a space dominated by RFQ protocols, trading desks are exploring hybrid strategies for executing ETF orders.
What AI can (and can’t) do for advisers
Researchers at IBM contend that AI can assist advisers with portfolio management, but there are limits.
Cooling crisis: Datacenters feel the heat from GenAI compute requirements
The IMD Wrap: A new report highlights the power and environmental challenges being created by increased GenAI adoption. In the datacenter world, being hot isn’t cool, while being cool is hot.
Old dogs and new tricks at Brown Brothers Harriman: Meet Kevin Welch
After two decades of working for the oldest private bank in the US, Welch has mastered keeping his balance—change and stasis, humans and artificial intelligence, work and play.
BNY doubles down on AI investments amid operating model overhaul
The bank’s CEO said he remains convinced of the potential of AI to enhance client offerings and increase the efficiency of employees.
The Waters Cooler: Drink wine and avoid talking to morons
UBS’ narrative alpha ML tool; SS&C fighting a ‘Frankenstein’ perception; why Citadel (and others) aren’t IPO’ing; and even more tape providers emerging. Lots to get to.
UBS embraces ‘narrative alpha’ with new NLP engine
The tool provides a new form of sentiment strategy that traces how stories spread, instead of counting words.
Waters Wavelength Ep. 291: Do you know enough to be dangerous?
Tony and Wei-Shen have a philosophical chat about what “being dangerous” means.
What hedge funds are missing about messaging
When a mere microsecond delay can impact the bottom line, hedge funds need high-performance technology stacks and infrastructure. Himanshu Gupta outlines four key considerations for a firm’s messaging architecture.
Icy attitudes on internal GenAI usage are thawing—and just in time
Waters Wrap: More and more banks and asset managers are publicly talking about how they are experimenting with generative AI. In the fight for talent, Anthony says this is a necessary step.
Banks must loosen up on ChatGPT use – risk chiefs
’Shadow use’ and inability to attract new hires mean restricting access to GPTs is untenable
Pushing the boundaries of TCA
S&P Global Market Intelligence finished runner-up in the perennially competitive TCA system provider category of the Waters Rankings 2024. Michael Richter, global head of trading analytics, discusses the TCA challenges facing the firm’s buy- and sell…
SS&C fights ‘Frankenstein’ perception with further Advent, Eze integration
With the Genesis platform as the tech stack’s foundation, the vendor is looking to provide a front-to-back offering that allows end-users a paced introduction to the cloud.
Consistency is the key
Broadridge Financial Solutions won Best outsourcing provider to the sell side in this year’s Sell‑Side Technology Awards thanks to its perennially successful Business Process Outsourcing offering, which has won this category for the past six years…
The Waters Cooler: Everybody wants data
We’ve got more identifiers drama, additional CTP bidders, a shiny new AI product and … Moo Deng. Gather around the cooler, folks.
Bloomberg ups focus on quants, intraday strategies
The vendor hopes its OHLC Bar data product will woo new audiences among quant traders and analysts, who have previously had to painstakingly build solutions in-house.
CBOE and Aquis to make bid for European equities tape
The challenger exchanges have plans to become the second public bidder for provider of the European equities tape, following EuroCTP’s incorporation last year.