Trading Tech
Smashing barriers: How shortwave frequencies are making trading firms faster
Improvements in shortwave radio frequencies could be a leap forward in the latency race. But given the costs and technical challenges, is it worth the investment?
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
Inside look: Taking aim at data processing blockages
A startup is looking to automate the bulk of banks’ data processing workflows.
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.
Putting a price on your head (of data): The ROI of a CDO
The chief data officer has become recognized as a key role in a financial firm’s ability to manage its data assets, and reduce costs and risk. So why is it also so notoriously short-lived?
New tech disrupts traditional book-building process for institutional investors
Automation is long overdue in the book-building process for publicly listed equities. One startup hopes to bridge the gap.
Buy-side compliance: Firms seek customizability and automation
This rapid read explores the types of compliance systems currently in place at buy-side firms, their efficacy, the need to improve automation levels, demand for customizability and the factors preventing buy-side firms replacing incumbent tools
Treasury traders remain wary about adopting algos
Yet proponents insist US government bond market is ‘ready for disruption’
AI proves helpful for banks facing new cash penalties for settlement failures
According to one report, banks have been hit with penalties of up to €5 million per month under new CSDR settlement rules. As a result, banks are turning to AI to help.
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.
Industry participants: ‘Digital Token Identifier’ aims to increase interop, usage
While some trading firms are welcoming the use of a new non-proprietary code for identifying digital tokens, the onus will be on local regulators to enforce its adoption.
Capitolis registers swap dealer in strategy refresh
The vendor’s SBSD registration may facilitate a unique multi-seller platform for its equity swap business.
A Fireside Chat with SS&C Eze's Aaron Santana-Smith
Aaron Santana-Smith and Victor Anderson focus on how Eze OMS addresses trading-related challenges for its buy-side users.
Brown Brothers Harriman unifies busy suite of AI products
It’s a new world, contend BBH’s Kevin Welch and Josh Fine. After a few years of experimentation that yielded several AI products for the bank and its clients, it was time to put the puzzle pieces together to serve a different way of working post-Covid.
Bank-backed Versana takes aim at syndicated loan tech
Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.
S&P buys ChartIQ to bolster charting, analytics capabilities
ChartIQ’s former owner, Finsemble, will continue to focus on building out its desktop integration business.
The year identifiers wanted some attention too
Cusip! Figi! Isin! BTC! LEI! Taylor Swift? How did we get here and where do we go now?
Data analytics dominate M&A agenda for exchanges in 2022
While there weren’t many headline-grabbing acquisitions in 2022, the year contained a handful of deals that point to expanding trends in the exchange technology industry.
Here’s what ML and NLP powered in capital markets in 2022
As machine learning and natural language processing continue to spread across the industry, WatersTechnology highlights stories from 2022 that feature new use cases.
Post-trade still struggling from underinvestment, but purse strings are opening
Bloomberg, Broadridge, BNP Paribas, and a handful of startups are working to address manual processes in the back office.
Can algos collude? Quants are finding out
Oxford-Man Institute is among those asking: could algorithms gang up and squeeze customers?
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.
LSEG bolsters non-cleared ambitions with Acadia deal
The exchange group plans to build ‘a clearing house for the non-cleared world’, says LCH CEO Maguire.
Lessons from credit: Could all-to-all help Treasury markets?
Regulators are looking to all-to-all trading as a possible solution for worrying volatility and deteriorating liquidity in US Treasury markets.