Programming
UK asset manager: AI in macro trading ‘very overblown’; useful for nowcasting
The managing partner of Fulcrum Asset Management said that the firm has been developing nowcasting tools that even central banks have consulted on.
Waters Wrap: Open source and storm clouds on the horizon
Regulators and politicians in America and Europe are increasingly concerned about AI—and, by extension, open-source development. Anthony says there are real reasons for concern.
What happens when genAI meets low code?
GenAI is all the rage today, but not long ago, low-code and no-code development had a moment. If developers combine these technologies, can they make programming more efficient?
Waters Wrap: The end of Cobol?
With the rise of generative AI, Anthony wonders if the days of Cobol are numbered.
Microsoft exec outlines ambitious capital markets strategy
As banks take a cautious approach to generative AI, Bill Borden believes Microsoft’s “copilots” will prove transformative in the capital markets.
Will generative AI crack the code for bank tech teams?
Banks could roll out tools to help translate old—or write new—code within months.
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.
Goldman’s Marquee is a gradual revelation
Multiple apps are being corralled into a sticky cross-asset ecosystem, updated with Python and cloud
Planned Nimbleness: A Practical Guide for Asset Managers
Mauricio Bustos of RadiantESG Global Investors says nimble infrastructure will allow firms to deploy new ideas quickly and reliably.
Waters Wrap: Goldman Sachs and the facts and fiction of being data driven
Neema Raphael, CDO and head of data engineering for Goldman Sachs, explains what he believes it means for a firm to be data driven.
New chatbots reveal limitations of legacy API development
As large language models that underpin the likes of ChatGPT and Bard come to market, vendors and trading firms are starting to see the benefits—and challenges—that open APIs provide.
MSCI’s multi-cloud strategy aims to provide a new window into investment data
The MSCI One platform already runs on Microsoft Azure, and MSCI is building a new investment data platform on Google Cloud to utilize the search giant's AI and NLP capabilities.
New study shows mainframes still popular despite the rise of cloud—though times are changing…fast
A whitepaper from the DTCC and Celent finds that 67% of buy- and sell-side firms hope to be “cloud first” by 2024, but mainframes still part of the equation.
People Moves: Tradeweb, Ion, Burton-Taylor, HKEx, and more
A look at some of the key people moves from this week, including Thomas Pluta (pictured), who joins Tradeweb as president-elect.
Man Group revamps data science platform to tackle data deluge
The London-based investment manager spent four “long and intense” years rewriting its data science platform, Arctic.
This Week: Deutsche Bank/FinLync, State Street/Paxos, Glue42/AllianceBernstein & More
A summary of the latest financial technology news.
Bloomberg’s Aim-Port integration highlights broader industry interop push
The data giant is creating tighter back-end interoperability between its buy-side platforms and using APIs to connect with other third-party providers.
How Russia’s war on Ukraine impacts the global IT industry
Businesses with staff based in Ukraine reckon with an unprecedented juggling act.
This Week: KPMG/Volante Technologies, LiquidityBook, Northern Trust & more
A summary of the latest financial technology news.
Once taboo, open-source skills now sought by Goldman Sachs, Morgan Stanley and other top sell sides
The world’s biggest banks want the new talent to possess at least some open-source technology skills, which was unthinkable a decade ago. It’s a win for advanced open-source practitioners, but how did it materialize? The answer is likely a not-so-even…
Refinitiv’s CodeBook targets financial programmers with built-in data access
Since it soft-launched the coding environment last year, Refinitiv has added an item browser to allow coders to look up financial information.