Reference data
This Week: Bloomberg, Ice, DTCC, & More
A summary of some of the past week's financial technology news.
SmartStream RDU—More Pertinent Now than Ever
This whitepaper outlines the history of the Reference Data Utility (RDU), charts its development, scrutinizes its underlying technology and articulates the business benefits that users can reasonably expect on the back of subscribing to it
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.
Waters Wrap: The looming data storage wars (And Bloomberg killers)
Anthony first looks at the data storage space, explaining that fees are likely to increase for buy- and sell-side firms in the near-term. He also wonders if there’s a market in the terminal/workstation space for innovative startups to gain traction. As…
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 Wrap: The nature of data and information (And Ion-List thoughts)
Anthony takes a look at the alternative data industry post-GameStop, and wonders about Ion Group’s strategy going forward after recent acquisitions.
Waters Wrap: A useful use-case for blockchain? (And Broadridge’s bond play)
While not a fan of blockchain, Anthony looks at some potential use-cases for the tool in the world of capital markets. He also gives his thoughts on Broadridge’s soon-to-launch LTX platform.)
Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
Market participants say the price hikes reflect the struggle among regulatory reporting service providers to run sustainable and profitable businesses.
Esma: Both OTC identifiers will not be required in Emir reporting
Market participants will not have to use both the UPI and the Isin in their submissions to trade repositories, policy officer says.
Data providers target data deficiencies in muni bonds market
Companies like Ice are looking at ways to help municipal bond investors gain transparency into a historically opaque market.
This Week: Refinitiv ESG; Nikko/GoldenSource; Causality Link/Eagle Alpha; Crux & more
A summary of some of the past week's financial technology news.
This Week: SmartStream, BSO/Oracle, Gleif, BMLL, Genesis/XP Investimentos
A summary of some of the past week's financial technology news.
Goldman taps alt data for economic forecasts during pandemic
Economists at the bank leveraged a combination of public and third-party data to make conclusions about the future during uncertain times.
FactSet, Snowflake Take Aim at Financial Data Mapping Challenges
FactSet’s mapping service, Concordance, can be used on its own or with Snowflake’s cloud, enabling users to apply the offering to other datasets in Snowflake’s ecosystem.
ICE ‘Bonds’ Acquisitions into Fixed-Income Powerhouse
In this profile of the Intercontinental Exchange, Lynn Martin explains how the company’s ICE Data Services unit is creating a unified offering with fixed income data at its core, after a series of acquisitions that began with its purchase of IDC in 2015.
State Street’s Milek on the Front-Office Data Challenge
Marko Milek says the trend of outsourcing data management is becoming more mainstream.
‘Massive Land Grab’: S&P’s IHS Markit Buy Creates Data Juggernaut, But Users Fear Price Hikes
The deal reflects the broader trend of market participants pursuing scale to create true front-to-back trading and data environments, which may signal a trading platform acquisition in the future—though the IHS Markit acquisition may face regulatory…
Waters Wrap: Is AML Tech Worth the Cost? (And Cloud Moves & More Blockchain)
Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
Fidelity Quietly Shutters ActionsXchange; Low Margins of Corporate Actions Biz Blamed
Officials remain silent on the closure, which has been in the works since last year, sources say.
AML Platforms ‘Are Just Not Working’—Is Human Error or Tech the Culprit?
Technologies meant to detect and stop financial crime may add more headaches than they relieve. Others say that the best tech can't overcome how bankers use these tools. The AML dilemma likely falls somewhere in the middle.
This Week: RepRisk/JP Morgan; TP Icap; Moody’s/MioTech; FTSE Russell; SimCorp & More
A summary of some of the past week’s financial technology news.
Small Change, Big Challenge: Battling the Rising Tide of Data Notifications
With data notifications growing in volume and complexity, firms are finding it harder to keep track of these changes. Some vendors are looking to help.
Refinitiv’s API Rebrand Rankles Users
Because of its acquisition and subsequent rebrand, Refinitiv is being forced to change instances of its old branding that remain embedded in many of its APIs. This might sound like a simple change, but end-users are worried that it could be a costly fix.
Waters Wrap: On Refinitiv and Old Rivalries (And FIGI & Data Governance)
Anthony explores some of the questions raised by Refinitiv's plan to move away from Eikon and Thomson One. He also looks at data governance trends, and asks why the FIGI is having such a tough time gaining acceptance.