Infrastructure
Cboe migrations give exchange a foothold in Canadian equities
Exchange group looks northward in global expansion drive with completion of three trading system acquisitions
People Moves: Broadridge, Tradeweb, Ice, FCA, and more
A look at some of the key people moves from this week, including Rana Yared (pictured), who joins the board of Tradeweb as an independent director and a member of the audit committee.
Banks prepare to unleash FX swap bots
BNP Paribas, JP Morgan build execution algos to plug into platforms—but swaps liquidity needs to catch up first
SocGen to move datacenter footprint in Americas to AWS, Azure
SG Americas plans to significantly reduce and even close datacenters in the US as a result of moving to the cloud and defining controls around cloud and data governance.
Waters Wavelength Podcast: A tech unicorn's take on cloud and infra in the capital markets
Andy Volz, chief operating officer at capital markets fintech firm Clear Street, joins Tony on the podcast to talk about cloud and infrastructure woes in the capital markets.
Escaping the ‘data swamp’: GoldenSource aims to improve data lake, warehouse analytics
As part of its cloud migration, the EDM vendor is launching an end-to-end ‘lake house’ service to help firms better manage their data.
People Moves: TP Icap, ACA Group, BNP Paribas, Morningstar, and more
A look at some of the key people moves from this week, including Marie Luchet (pictured), who joins ACA Group as managing director of ESG.
Sell side ramps up outsourced trading desk services for still-skeptical buy side
A raft of new entrants are offering outsourced trading services to buy-side firms, anticipating a wave of takeup among larger asset managers, driven by cost and coverage needs. But are they aiming too high?
Academics use granular data for futures market predictions
Researchers at NYU’s Courant Institute of Mathematical Sciences are using granular futures data from BMLL for research on less-covered futures markets.
Broadridge’s Gokey eyes interop to connect back-office data for front-office needs
The vendor is leveraging its back office capabilities and platforms to integrate Itiviti, and bolster its LTX bond trading platform.
Development bank aims for better settlement with blockchain prototype
R3 is among the companies working with the regional bank on a proof-of-concept to bring efficiencies to cross-border securities transactions.
Is DLT post-trade a solution without a problem?
Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment
People Moves: ASX, Northern Trust, MSCI, Asifma, and more
A look at some of the key people moves from this week, including Jonathan Cross (pictured), who joins LiquidityBook as general manager for EMEA.
When machine learning goes awry, here's how to do better next time
Executives from JP Morgan, Morgan Stanley, and BNY Mellon discuss the lessons learned through experimenting with machine learning at their firms.
LSEG-MayStreet: From direct feeds revamp to reg tools, industry sources outline rationale for deal
The acquisition of the 10-year-old vendor will give the exchange group high-quality market data, low-latency direct feeds, and packet-capture capabilities, experts say.
BNY Mellon CDO: ‘Transformational’ data-centric model tackles data quality issues
BNY’s Eric Hirschhorn says processes—not just the data itself—need to be examined, and points to a data-centric approach.
Court thwarts exchanges’ petition to head off market data threat
The DC appeals court has denied a petition to void a rule that seeks to bring competition to the US consolidated tapes.
Is an EMS an exchange? Vendors alarmed by scope of Reg ATS amendments
Some industry participants are worried that proposed amendments to Regulation ATS could see the trading perimeter expanded to include a wide array of messaging systems.
This Week: Deutsche Bank/FinLync, State Street/Paxos, Glue42/AllianceBernstein & More
A summary of the latest financial technology news.
Charles River adds AWS to build out multi-cloud strategy
The vendor is also using Microsoft Azure and is rolling out a new Ibor product in the cloud.
In the world of financial data, context—not content—is the new king
For years, the mantra of the market data world has been ‘content is king.’ But with trading strategies now more dependent on being able to see the big picture, the value of context could quickly overtake the data itself.
This Week: State Street/MarketAxess, Aquis, Linedata & More
A summary of the latest financial technology news.
Reg ATS: SEC 'bowing to public pressure' in reopening proposal
The US markets regulator has extended the comment deadline on a proposal to regulate Treasuries venues after it faced a storm of complaints from the public and financial industry.
People Moves: HKEx, FCA, Clear Street, and more
A look at some of the key "people moves" from this week, including Prerak Sanghvi (pictured), who joins Clear Street as vice president of engineering.