Risk management technologies
A tech revolution in an old-school industry: FX
FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.
The IMD Wrap: The risks of becoming AI-rich and memory-poor
Like Alice in Wonderland, Max disappears down the rabbit hole of AI to discover a world that is sometimes fantasy—and sometimes a nightmare.
Former Goldman analyst aims to blend GenAI and synthetic data with start-up
Synthera.ai is taking a novel approach to calculating risk. While promising, industry observers are skeptical.
Consortium backs BGC’s effort to challenge CME
Banks and market makers—including BofA, Citi, Goldman, Jump and Tower—will have a 26% stake in FMX.
In search of clean data: Firms navigate data challenges as LLM adoption flourishes
This WatersTechnology rapid read report explores the transformative potential of LLMs in financial services, offering insights into the evolution, challenges and positive impacts on decision-making processes in capital markets.
BoE model risk rule may drive real-time monitoring of AI
New rule requires banks to rerun performance tests on models that recalibrate dynamically.
Post-acquisition, Ion’s List eyes OTC market
List is integrating its Janus product suite with Clarus Financial Technology’s OTC risk management system.
Messy MBSs? Startup uses deep learning to predict mortgage-backed securities markets
As interest rates rise and house prices fall after a steady period of the opposite dynamic, investors are looking for more accurate ways to price these factors into the value of mortgage-backed securities.
Tech vendors rethink risk in era of surging options volume
As options volumes soar, technology vendors are thinking about new risks posed when legacy infrastructure meets increasingly complex markets.
This Week: LSEG/Quantile, Ice, Morningstar/Sentifi, SimCorp/FundApps, and more
A summary of some of the past week’s financial technology news.
Bloomberg deploys math, not AI, to blend risk management and portfolio construction
The Mac3 GRM risk solution is live for equities users, uses no AI or machine learning, and will be rolled out to more asset classes next.
BofA and HSBC: at the intersection of cybersecurity and neurodiversity
Closing the growing gap between adequate enterprise cybersecurity protection and available resources is fraught with obstacles, so Bank of America and HSBC are pursuing an unconventional approach: seeking out neurodiverse talent with a knack for pattern…
Deep XVAs and the promise of super-fast pricing
Intelligent robots can value complex derivatives in minutes rather than hours
Meme stocks: Data providers conflicted on offering investment analyses
While some alternative data providers are jumping in on the meme-stock craze by producing new datasets and analyses geared toward risk management and alpha generation, others—perhaps rightly so—are staying cautious.
People Moves: LiquidityBook, BondIT, Sterling Trading Tech, Old Mission
A look at some of the key people moves from this week, including Sayant Chatterjee (pictured), who has been appointed chief operating officer at LiquidityBook.
Qontigo Releases New 'Linked' Risk Model Covering Global Equities
The new offering blends existing Axioma risk models into a single, nuanced risk assessment.
This Week: BBVA/AWS, Bloomberg/Lombard Odier, TP Icap, Credit Suisse/Torstone, Endicott
A summary of some of the past week's financial technology news.
BNP Paribas AM Combines NLP, ML for Sentiment Indicators in News Data
The asset manager is teaming with a vendor on the project, which will first be used for equities trading before moving to corporate bonds.
Numerix Develops New Libor Transition Tool
NextGen Strategic Advisors partnered on the Oneview extension, which combines machine learning and NLP to help firms prep for Libor’s discontinuation.
This Week: Vanguard, OneMarketData, SS&C, Xignite, Esma, SimCorp, Nasdaq
A summary of some of the past week’s financial technology news.