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The IMD Wrap: Quality drivers—the sticks and carrots accelerating the data quality race
Like a Formula One Grand Prix, data management is a race that can be won or lost. And just as each race is part of a larger F1 championship that pays large sums of TV money to the winning team, winning or losing one race can contribute to winning or losing an endgame with much more at stake.
Heavy lifting: Why using AI for data extraction is still no easy task
Using AI to extract data from documents and filings should be a no-brainer. But it takes a lot of brains and money to get those processes set up and running reliably and accurately.
People Moves: NorQuant, Tradition, Duco, HKEx, SimCorp, Hazeltree, Xceptor, Broadridge, and more
A look at the past month’s people moves in the capital markets technology and data space.
Northern Trust building internal cloud data ‘marketplace’
Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.
MSCI counts the cost of bank M&A, looks ahead to custom indexes, AI
Cancellations of overlapping contracts following a bank merger put a dent in MSCI’s earnings, but management remains upbeat about the potential of recent acquisitions and new technology developments.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
The IMD Wrap: Taking stock of inventory management
With market data and associated costs typically representing a firm’s third-largest expense, there’s a lot of incentive to manage data and its usage more efficiently. Max flings open his fridge to illustrate what’s new in this space.
Hub to lay off 20% of staff, sources say
Hub’s CEO says this is simply a case of a startup trying to stay nimble and efficient; others say it points to deeper issues.
Dark horse: Deutsche Börse building dark pool
New functionality allowing exchange members to execute sweep trades comes hot on the heels of European rival Euronext launching its own dark pool.
The IMD Wrap: Blowing tires, engines and budgets in F1 and financial data
There are many similarities between Formula One and financial data—except when it comes to how much you can spend and how much spend contributes to success.
BMLL to expand coverage to Level 1 and Level 2 historical data
The London-based market data provider is aiming to provide higher quality data than its new competitors, but it faces an uphill battle.
People Moves: Chatham Financial, BBH, Isda, and more
A look at the past month’s people moves in the capital markets technology and data space, including Michael Young (pictured), who becomes Chatham’s new chief product and technology officer.
Trade reporting challenges require data re-think
Data accuracy issues are hampering some firms’ regulatory reporting abilities. So why aren’t data professionals more involved? And how can compliance costs be turned into revenue drivers?
The IMD Wrap: AI efforts will force renewed focus on data in 2024
Machine learning and generative AI offer a tremendous opportunity to help users obtain more insights from raw data, but these tools first need perfect datasets on which to base their decisions.
The IMD Wrap: Exchange, data vendor audits continue to rankle end-users—what will change in 2024?
While the data auditing process has been contentious for a long time, Max looks at some of the positive improvements made in 2023 and explains why more improvements need to be made in the New Year.
The IMD Wrap: Dining on data, from pay-as-you-go to all-you-can-eat
Max puts on his best Anthony Bourdain voice to reminisce about seminal sushi experiences, and to look forward to the future, where perhaps the industry will also adopt more consumption-based approaches to market data (and hopefully more sushi).
The IMD Wrap: Are server life extensions putting profits before performance?
Cloud providers are having to make more hardware available to keep pace with takeup—including older machines that under previous policies would have been retired already. But the move is proving profitable … and risky.
The IMD Wrap: Price you gotta pay
With regulators taking aim at data providers in the ongoing war over data fees, Max says that data doesn’t need to be free, but it should be transparent, that price increases should accompany increases in value, and that technology already exists to…
Traders, vendors seek to modernize chronically underinvested FX tech
The average FX professional uses eight applications at any one time. But integrating the FX workflow is a daunting task.
People Moves: ICE, Qomply, Genesis, Symphony, Trumid, and more
A look at the past month’s people moves from the past month in the capital markets technology and data space.
LSEG-Microsoft products on track for 2024 release
The exchange’s to-do list includes embedding its data, analytics, and workflows in the Microsoft Teams and productivity suite.