Earnings call
Tech spend, AI fuel JP Morgan’s fight against Big Tech giants
JP Morgan Chase, which has spent more than $15 billion this year on technology, intends to invest even more to compete against tech behemoths.
Inside look: How Big Tech is using generative AI to win over finance
Execs from Amazon, Google and IBM explain their capital markets strategy when it comes to rolling out new AI tools.
Snowflake: Data strategy essential for AI
The cloud data platform provider continues to make investments in data quality and cleansing.
ASX, SGX earnings driven by diversified revenue
After the Chess disaster, ASX focuses on rebuilding confidence, while SGX continues investing in its derivatives business. Meanwhile, HKEx mulls data play.
Underwhelming sales dominate Broadridge earnings call
The company’s Q4 call also hinted at developments in its use of AI in fixed income markets.
Data projects underpin Cboe’s growth strategy
APAC expansion and strong indices performance are stepping stones in the Chicago-based exchange’s development.
Amazon bullish on AWS growth, signals more investment in generative AI
Tech giant’s cloud computing arm grew customer base in Q2 despite cost-cutting among users
ICE: LLMs drove 60% increase in ICE Chat trades
The exchange revealed it has been working with LLMs for a decade to drive automation around its messaging platform. Now, it’s looking for more uses across all asset classes.
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
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.
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.
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.
Charles River, software, data sales drive State Street in Q2
As traditional revenue lines declined at the custodian as a result of market forces, front-office software sales made big gains in its quarterly results.
BlackRock looks to expand Aladdin through accounting, data capabilities
Accounting, data, and analytics offerings make up part of Aladdin's strategy to become everything to everyone.