Trading Tech
LEI on the Edge: What Needs to Happen for Wider Adoption?
The financial industry is losing faith in the LEI initiative as regulatory mandates remain patchy, but some see hope in SFTR’s unique-issuer LEI. By Mariella Reason
ASX on Track for CHESS Replacement Testing
The Aussie exchange is to begin industry-wide testing of its DLT settlement program.
HSBC Trials Bot-to-Bot Interactions With Other Symphony Users
The bank's securities services arm increased efficiency with chatbots, and is now having interactions with clients—without human involvement.
FIS to Double Down on RegTech and Multi-Asset Coverage
The company's Investment Operations Suite for asset managers is adapting to regulation and changing investment strategies alongside clients.
Man and Machine Need Each Other – Systematica CEO
“The errors made by humans and robots are different,” says Leda Braga
This Week: Bloomberg/Goldman; IHS Markit/MSCI; TP Icap; and more
A summary of some of the past week's financial technology news.
Vendors Feel Heat as Regulators Pile Pressure on Third-Party Resiliency
UK regulators have proposed new laws to clamp down on operational resilience and third-party risk, pushing fintechs to put some skin in the game.
Velocimetrics Looks to Add Functionality to Performance Analysis Solution
Network traffic capture and analytics integration to allow traders to have a forensic record of transaction lifecycles and do real-time monitoring.
Wavelength Podcast Ep. 181: M&A News; Limitations of AI
Wei-Shen and Tony discuss recent acquisition and investment news, and AI predictability.
TREP’s Tipping Point? An Examination of Refinitiv’s Market Data Platform
Refinitiv—and by extension, TREP—has experienced a fair amount of disruption over the last two years. Competitors are lining up to cut into the platform's market share.
Google Exec: Regulators Insisting on Multi-Cloud for Financial Firms
As regulators fear vendor lock-in and concentration among cloud providers, Google Cloud pushes its Anthos platform.
Cboe Buys Hanweck and FT Options in Dual Acquisition
The exchange group has made a strategic double buy hoping to boost capacity in solving portfolio and balance sheet risk for clients.
Rimes Wards off Sale Speculation with Investment from EQT
A sale was originally reported, but this PE investment will allow the firm to grow its ESG, ETF offering while considering a sale at a later time.
S&P to Unveil New Data Platform, New Data Capabilities
S&P Global Market Intelligence will offer clients new alt datasets from in-house and third parties to be used in conjunction with increased analytics offerings.
CAT Seeks Approval to Mask Personal Data
The CAT is required to gather personal information, but the CAT NMS committee wants to use a masking method for security.
Crédit Ag Taps AI to Lure Swaptions Business
The machine learning model predicts client demand with high accuracy, giving traders an edge in pricing.
TRG Screen Integrates PEAR Policy Database After Axon Acquisition
The integration of PEAR, acquired last year, is a further step towards integrating the vendor's key data inventory management platforms, FITS and InfoMatch.
BofA’s ‘Citizen Devs’ Take on Innovation Mantle
The bank's central data and technology group enables frontline ‘citizen developers’.
Illuminate Rounds Out Baton Systems Funding with $4m Investment
This is the first investment Illuminate has made in a company offering DLT-based tech.
Itiviti Automates FIX Connectivity Ahead of Possible "Connectivity Crunch"
The Swedish tech vendor is hoping to capitalize on disruption in the OMS space by offering an automated solution for migrating FIX rules and for FIX certification.
DNB Bank Advances on 3-Year Big Data, Data Science Initiative
The bank is rounding out the second year in its three-year plan, which includes more than 100 new data roles.
Barclays Finds Blockchain Nirvana
Digital token USC could transform financial markets. But first, backers must prove it is secure.
HSBC Securities Arm ‘Strangles’ Legacy Tech with API Wrapper
The securities services business has embarked on an API strategy to offload its legacy tech and produce better connected products.
Interactive Brokers Creates Vendor Arm to Consolidate Data Ops
The creation of GFIS is the culmination of a three-year plan to consolidate and improve how the broker managed hundreds of data sources.