Risk
DTCC’s blockchain for CDS trades finds no takers
Sources say the industry is not yet ready to fully adopt wide-scale implementations of distributed-ledger technologies.
Spreadsheet interoperability: Or how companies learned to stop worrying and love Excel
While Microsoft engages in a tech arms race for chatbot and cloud supremacy, interop firms are attempting to remedy some of the idiosyncrasies of its monolithic spreadsheet software.
Ion in the fire: three banks call in lawyers after hack
Banks are examining service-level agreements for possible breaches
A rough race begins: Industry faces uphill transition to T+1 settlement
With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue…
Ion: after the hack, the clean-up
Some clients are now using Ion systems again, but synchronizing data with CCPs could take days.
Ion cyber outage continues as banks rely on workarounds
ABN Amro, Macquarie, RBC among firms hit; ransom deadline tomorrow, but service may be down for days
SEC’s $5M Bloomberg BVAL fine targets ‘dark magic’ in fixed income pricing
Recent actions against Bloomberg and Ice for violations relating to evaluated pricing services suggest the US regulator may be setting the stage for stricter regulations to govern the sector.
Large language models: Another AI wave has come—what could it bring?
Since the release of ChatGPT, excitement and hype have been abundant across industries for this form of generative AI. For capital markets, the wave of innovation that could result may be a few years away but it’s worth paying attention to—and being…
Treasury traders remain wary about adopting algos
Yet proponents insist US government bond market is ‘ready for disruption’
Waters Wrap: For data managers, the new problems are the same as the old
While much attention has been given to cloud, AI, blockchain and other buzzwords, without a proper data foundation, those tools will not deliver the results that have been promised.
Financial firms rethink after cyber insurance premium spike
Brokers say there are signs pressure is easing, but quantum hacking threat could transform market
In 2022, cloud shows true potential to displace legacy data platforms
Once wary of the cloud, financial firms, their suppliers and the marketplaces where they trade are openly embracing it. And there are more signs of big tech firms accelerating buy-in by literally buying in to clients’ migration projects.
Blockchain startup Symbiont files for bankruptcy
Clients included American Century, Citi, State Street and Vanguard
Where does Pyth fit in?
A small number of exchanges have joined the Pyth Network. Nyela wonders whether the on-chain data distribution model fits in with the swift rise of data marketplaces.
Bot’s job? Quants question AI’s model validation powers
But supervisors cautiously welcome next-gen model risk management
The quant investor harnessing the power of ants
Swarm Technology has designed a network of trading algorithms that mimics the hive mind of insects.
Chill winds blow for Capitolis’s equity swap platform
The fintech’s effort to revive off-balance-sheet funding runs into market and regulatory turbulence.
EU Regulator: Incoming rules will arm financial institutions to negotiate cloud contracts
While the new rules will eat into financial services resources, regulators say they will also offer safeguards for managing cloud agreements.
Mainframes still mainstream: How financial markets are embracing and evolving 'legacy' IT
Tech giant IBM is targeting security, AI, and portability in the modernization of the mainframe as firms report still retaining “the workhorse of the back office.”
Waters Wrap: The buy side, the changing nature of buy v. build, and how fintech has evolved
Neal Pawar, the former CTO of AQR and current COO of Qontigo, chats with Anthony about some of the major trends that are changing how asset managers interact with the vendor community, and how this shift mirrors the most significant evolutions in capital…
Post-acquisition, Ion’s List eyes OTC market
List is integrating its Janus product suite with Clarus Financial Technology’s OTC risk management system.
Advancements in NLP bring focus to document insight
Vendors are looking to provide AI models to help financial professionals get more value out of unstructured data sources.
Waters Wrap: Fintech funding—follow the money
As funding for startups and young companies dries up due to inflation and rising interest rates, Anthony looks at some of the vendors that have received monetary infusions this year to see if there are any patterns to be gleaned.
Retooling repo: How Broadridge, Bloomberg, Tradeweb, and JP Morgan are modernizing repurchase agreements
From brokers to trading platform providers, players in the repo market are focused on initiatives around reducing settlement fails, increasing automation, and streamlining operations.