Acquisition
After acquisitions, Exegy looks to consolidated offering for further gains
With Vela Trading Systems and Enyx now settled under one roof, the vendor’s strategy is to be a provider across the full trade lifecycle and flex its muscles in the world of FPGAs.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
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.
This Week: SimCorp/Deutsche Boerse, Moody's, SS&C, and more
A summary of the latest financial technology news.
Deutsche Börse to merge SimCorp and Axioma, shuttering Qontigo
The German exchange also plans to have 70% of its ‘IT state’ in the cloud by 2026.
IBM outlines ‘hybrid’ AI approach as revenues rise
It’s been two years since IBM’s pivot to a hybrid cloud and AI strategy, and the tech giant saw strong earnings as it continues to invest in the watsonx platform.
This Week: Delta Capita/SSimple, BNY Mellon, DTCC, Broadridge, and more
A summary of the latest financial technology news.
Nasdaq says SaaS business now makes up 37% of revenues
The exchange operator’s Q3 earnings bring the Adenza and Verafin acquisitions center stage.
LiquidityBook buys Messer in effort to beef up portfolio management capabilities
The OEMS provider has purchased the Hong Kong-based PMS provider—but don’t say it’s solely a play for the buy side.
Getting the message out about Aeron’s messaging
A year after Adaptive’s acquisition of Real Logic’s Aeron, the search for users of the open-source tech continues as Adaptive promises that UDP messaging can usurp TCP.
Locking down the lifecycle: Trading Technologies turns to analytics and TCA in latest acquisition
The tech provider gains TCA, analytics, and algo optimization tools as established vendors vie to build more comprehensive platforms.
Terminal velocity: MarketAxess bets on algo trading as electronification of fixed income gathers speed
MarketAxess hopes to bring fresh ideas from other asset classes with acquisition of multi-asset algorithm provider Pragma.
How exchanges are becoming more than just marketplaces
Wei-Shen examines how exchanges are branching out and pursuing new ventures that could bring them fresh revenue streams.
This Week: TNS, Cboe, State Street, ICE, and more
A summary of the latest financial technology news.
LSEG to step up AI and Fabric development, preps Eikon sunset
With Acadia integration now complete, exchange group signals next steps in its Microsoft tie-up and announces launch of new FX matching platform later this year
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.
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.
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.
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.