Trading Tech
Quants turn to machine learning to unlock private data
Replication could allow financial firms to use—and monetize—data that was previously off-limits
Brown Brothers Harriman continues AI ‘transformation’ of fund accounting unit
A new tool that helps business users test and validate their own POCs is set to join the bank’s ranks alongside its other AI projects implemented over the last two years: Linc, Guardrail, and Ants.
Deep XVAs and the promise of super-fast pricing
Intelligent robots can value complex derivatives in minutes rather than hours
Now that Oats is scrapped, regulators will have to (Cat)ch up
Retiring Oats is a milestone on the long and winding road to Cat implementation, but the SEC must make some major decisions in a very short timeframe before the Cat journey is over.
Waters Wrap: The Symphony-Cloud9 tie-up hints at a new tune for the comms provider
Anthony talks with Brad Levy about the company’s acquisition of Cloud9, its plan for future acquisitions, the possibility of an IPO, his thoughts on Big Tech providers, and more.
People Moves: Anna, Cowen, UBS, HKEx, and more
A look at some of the key "people moves" from this week, including Slawomir Zajac (pictured), who will represent Krajowy Depozyt Papierów Wartościowych SA on the Anna board.
This Week: Symphony, Digital Asset/Nasdaq, State Street, Finos & more
A summary of some of the past week's financial technology news.
EC drafting proposal for derivatives consolidated tape
Commission official says beta version ready for testing in 2023 will also include equities, bonds and ETFs
Broadway Technology 2.0: Post-Ion split, the vendor reimagines its future
Broadway will look to build out its fixed income trading workflows, grow its as-a-service offering, lean into the low-code movement, while considering new asset classes to expand into—all while once again competing with Ion.
Rights automation group to debut digital language for market data policy expression
Community group that includes JP Morgan, Deutsche Bank, Amazon, and the CME plans to showcase over a year’s worth of work in a bid to drive broader adoption of the digital rights language.
Direxion turns to Two Sigma’s Venn for thematic ETFs
The firm is using the platform as a comparison tool as it evolves its fund offerings.
Banks fear Fed crackdown on AI models
Dealers say the agencies’ request for info could prompt new rules that stifle model innovation.
People Moves: Broadridge/Itiviti, Tora, DTCC, Maystreet & more
A look at some of the key "people moves" from this week, including Ray Tierney (pictured), who has been appointed president of Itiviti.
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.
This Week: BlackRock/Cassini Systems, Standard Chartered, and more
A summary of some of the past week's financial technology news.
Quantum trading and the search for the perfect clock
Government push to overhaul satellite technology could improve time-stamping accuracy for trading firms—and for regulators.
Deutsche Bank leverages AI for securities services
The bank’s client segmentation offering creates more targeted post-trade offerings, while its prediction engine can help reduce settlement failures.
JP Morgan fast-tracks market data licensing tools
The bank is developing solutions to help internal teams understand compliant usage and entitlements.
Nordea: Licensing changes could make RPA too expensive
The Nordic bank is looking for ways to mitigate costs as software vendors define new policy categories to capture robotic workers.
Four years of academic study on HFT yields complicated results
A transatlantic group of researchers has examined a treasure trove of market data to see whether or not high-frequency trading is a necessary component of today’s market structure. The answer is largely ‘yes,’ but with caveats.
People Moves: Acin, NeoXam, BNY Mellon, Northern Trust, and more
A look at some of the key people moves from the past week, including Tracy Clarke (pictured), who joins Acin as non-executive director and strategic consultant.
Waters Wrap: ESG’s growing influence on market data consolidation (And exchange data)
Anthony explains why he thinks ESG will play a major role in the anticipated market data consolidation that’s to come. He also looks at moves made by some exchanges to cut out the data vendor middleman.
Ex-Gain Capital CEO pays $1M for bankrupt Money.Net assets
Stevens may plan to give Money.Net a new lease of life targeting wealth management clients.
ThisWeek: Glue42/Deephaven Data Labs, Brown Brothers Harriman, Dash Financial and more
A summary of some of the past week's financial technology news.