Data management
One step closer: How exchanges are seeking tighter relationships with clients
Increasingly, exchanges are trying to get closer to their customers, in a bid to better understand how they use market data. This move may come at the expense of data vendors that are being gradually squeezed out of the exchange-client relationship.
Technical difficulties: OpenFin says it’s committed to FDC3, while others have their doubts
After quietly pulling its Finos membership this year, OpenFin’s involvement—at least in the public forum that governs it—with the interop standard it has championed for years, continues to dip. Though the vendor has re-affirmed its commitment to FDC3…
This Week: FlexTrade Systems, NeoXam, Eventus Systems, Substantive Research
A summary of some of the past week's financial technology news.
People Moves: Rimes, LCH, LSEG, ACA
A look at some of the key people moves from the past week, including Brad Hunt (pictured), who joins Rimes Technologies as its new CEO.
Waters Wrap: When will Big Tech providers turn sights on the market data space? (And deep learning)
In recent years, the major cloud providers have expanded their service offerings specific to capital markets firms. Some industry observers believe it’s just a matter of time until they get involved in market data M&A activity.
Cyber attacks top threat to US financial system—bank CEOs
Lawmakers have signaled a readiness to act as finance chiefs warn of heightened cyber risks.
Waters Wrap: Market data & consolidation—a never-ending timeline (And rise of the fees)
While last week it was announced that Exegy and Vela are merging, Anthony says that the deal is only a sign of what’s to come in the market data space. He also poses some questions about the LSE raising its Sedol fees.
What can HKEx’s Synapse learn from watching ASX’s game of Chess?
HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome.
Quoniam AM turns to machine learning for non-linear stock relationships
The Frankfurt-based asset manager is using machine learning to look at the performance of stocks with low returns, high-growth.
Goldman inks modeling, data tie-up with MSCI
The move to cross-sell risk analytics could herald further content deals for the bank’s Marquee platform, says its sales chief.
Waters Wrap: The responsibility of information intake & dissemination (And phonies abound)
As Anthony tries to explain, information is an ecosystem that every single person plays an active part in.
Despite client concerns, LSE’s new Sedol fees take hold
Under the new fee policy, some of the largest users of the LSE’s identifier codes could see their Sedol spend more than double, though the exchange says the “vast majority” of clients will see no increase.
Finra taps AWS for next-gen regulatory search tools
A long-time AWS client, Finra is using a combination of AWS tools and its own knowledge graph to generate better search results.
This Week: JP Morgan, Deutsche Börse, Refinitiv, and more
A summary of some of the past week’s financial technology news.
People Moves: HSBC/Solidatus, AWS, West Highland, CloudMargin, and more
A look at some of the key people moves from this week, including Lorraine Waters (pictured), who joins Solidatus as chief data officer.
JP Morgan: New LEI scheme could make codes cheaper
The bank is offering identifiers for free to customers under a new scheme it hopes will drive down costs for entities wanting to sign up.
Bloomberg’s new data retention policy vexes buy-side firms
Impacted users will have to pay extra costs to retain communications data for longer than two years.
Waters Wavelength Podcast: Bloomberg on FRTB
Bloomberg's Eugene Stern and Brad Foster discuss data challenges relating to the Fundamental Review of the Trading Book (FRTB).
Banks, asset managers weigh trade-offs in third-party tools for machine learning
Although many banks and asset managers still prefer to build models in-house, off-the-shelf products are maturing.
Small alt data providers feel pressure to specialize
GTCOM-US, once a bespoke alt data shop for the buy side, has narrowed its offering to focus on Chinese datasets as the largest alt data players get even bigger.
Waters Wrap: Big Tech takes control of cutting-edge encryption (And consortium flat circles)
In addition to growing their cloud presence in the capital markets, Big Tech companies are, unsurprisingly, taking the lead on encryption and security in the cloud. Anthony sees positives and negatives. He also looks at bank-led consortiums.
This Week: Refinitiv; State Street/BlackRock; SteelEye; SimCorp; FEX Global/TT
A summary of some of the past week’s financial technology news.
Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform
Sources say initiative is designed to fend off higher fees and disintermediation in case established multi-dealer platforms start trading CLOs.
Not all digital securities were created equal
Cusip’s Matthew Bastian explains that a tokenized asset offering is not the same as other products that get tagged as being a digital asset. The differences are becoming more important as the capital markets industry continues to explore these new…