Trading Tech
Buy one, get one free: Algos learn to multi-task
For years, brokers have offered suites of algorithms, each geared toward a certain strategy and outcome. Now, firms are compressing these into multifaceted algorithms that can switch between different strategies or markets in response to trading…
SGX to roll out new market data licensing, usage tool
The exchange is partnering with DataBP to offer an online portal that includes customer-facing tools and back-office automation.
Vendors push voice data across the trade lifecycle
Through partnerships and acquisitions, communications vendors are integrating voice data into different parts of the trade lifecycle to offer more sophisticated analytics and easier user interfaces.
Waters Wrap: On cloud migrations and VCRs
Financial services firms are increasingly embracing public cloud offerings, but there have been stumbles along the way, including around scalability, throttling, and a lack of true multi-cloud connectedness. These are lessons that must be learned if…
FIS modernizes through modularity
The vendor has been in the process of overhauling its entire tech estate for almost seven years, with the aim of offering modular, flexible services.
Interoperability: Banks struggle with just how much they want for flagship platforms
For all the talk of interoperability within the capital markets, Wei-Shen wonders just how far firms are willing to go.
This Week: Bloomberg/Goldman Sachs, Broadridge, Rimes, and more
A summary of some of the past week's financial technology news.
Six partners with BMLL for best execution analysis
The Swiss exchange is using the vendor's data and analytics to provide insight to brokers around Swiss EBBO liquidity.
Google aims AI at corporate actions challenges
The tech giant believes its AI tools have a multitude of applications across some of the complex data challenges of financial markets, and it’s starting with the manual and complicated world of corporate actions. Some believe it will be an uphill battle.
Waters Wrap: Examining Digital Asset’s DLT strategy (and its broader implications)
Digital Asset has slowly expanded its influence with exchanges in the APAC region, and this year has made additional inroads in the US and Europe. Anthony examines the company's wins and losses over the last seven years.
This Week: Cboe, Euroclear; Société Générale, Bloomberg/Sustainalytics
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.
SimCorp makes push into managed services
The Danish vendor is in the early stages of moving into accounting services. In later phases, it plans to expand services across the back and front office.
Anna Service Bureau upgrade aims to evolve with emerging data landscape
Modernization will help numbering agency data hub adapt to new technologies and improve data quality post-Isin review.
Northern Trust focuses on alpha generation with recent investments, partnerships
Northern Trust has invested in three firms this year, which now sit in its investment data science division as part of its Whole Office strategy.
From burst to bust: What happens when cloud runs dry?
After years of initial resistance, the capital markets have come to depend heavily on the compute capacity of the public cloud. But increasing market volumes are rapidly outpacing the cloud capacity that organizations thought would be sufficient for…
This Week: Deutsche Borse; State Street; IHS Markit; MSCI; & more
A summary of the week's financial technology news.
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…
SFDR pushes fund administrators to rethink ESG offerings
Some fund admins prefer to build ESG products in-house, while others, notably Northern Trust, consider it ‘inefficient’ from a cost and time perspective.
More banks flirt with machine learning for CCAR—but risks persist
The superior computational grunt of neural networks is attractive to lenders, but a lack of explainability presents a significant downside.
Waters Wrap: Will privacy-enhancing tech for the back office fall flat?
Anthony says that banks should be more concerned with cleaning up the technical debt accumulated in the back office, rather than dumping money into bleeding-edge technologies.
People Moves: Baton, Broadridge, BNY Mellon, Eventus, and more
A look at some of the key "people moves" from this week, including Mike Johnson (pictured), who joins Broadridge as VP and global product manager of derivatives clearing.
SS&C initiates buy-side migration to front-to-back Aloha platform
Migrations will vary based on the size of the firm, with smaller ones likely to take a 'big bang' approach while larger firms will opt for a gradual transition.