People
Waters Wrap: On cybersecurity, regulators and ‘victim blaming’
In the wake of the Ion hack, regulators are pushing for firms to beef up their cyber defenses. Anthony says that they'll need to mind their words and tread carefully, as cloud, machine learning and open source take off.
People Moves: BNY Mellon Pershing, Tradeweb, HKEx and more
A look at the past month’s people moves within the tech and data space.
Waters Wrap: Numerix, Fincad and the new world of M&A
Anthony says Numerix’s acquisition of Fincad is indicative of where technology development in the capital markets is heading.
Waters Wrap: Blockchain—let’s put the hammer back in the box
With the ASX Chess DLT failure and users ignoring DTCC’s DLT option for its Trade Information Warehouse, Anthony wonders what it will take for the industry to stop touting this buzzword for non-specialized needs.
Big bank mergers, big cuts in data spend? Not so fast, experts say
With hundreds of millions of dollars spent per year on data and associated technologies, a merger the size of UBS’ takeover of Credit Suisse has the potential to take a huge chunk out of data vendors’ revenues. What’s the path forward?
Should I stay or should I go? What data execs can expect from the UBS–Credit Suisse merger
With major job cuts expected to result from the acquisition of Credit Suisse by UBS, how will such big changes impact those in data and technology roles at the firms?
Waters Wrap: ChatGPT, data officers, and reaching new frontiers
As banks clamp down on large language models like ChatGPT, Anthony says that CDOs can help firms experiment with these chatbots while developing the proper governance structures.
People Moves: Broadridge, Siepe, Tradeweb and more.
A look at some recent people moves within the capital markets and data space.
Putting a price on your head (of data): The ROI of a CDO
The chief data officer has become recognized as a key role in a financial firm’s ability to manage its data assets, and reduce costs and risk. So why is it also so notoriously short-lived?
People Moves: DTCC, Octaura, Baton Systems, and more
A look at some recent people moves in the capital markets tech and data space.
People Moves: CME Group, LPA, Edgewater and Sterling Trading Tech
A look at some of the key recent "people moves", including Matthias Schulz (pictured), who joins LPA.
Waters Wrap: Where have all the (data) cowboys gone?
Industry veterans says there’s a dearth of market data management talent in the lower ranks. Following Max Bowie’s coverage, Anthony explores some other reasons for this brain drain.
EU Regulator: Incoming rules will arm financial institutions to negotiate cloud contracts
While the new rules will eat into financial services resources, regulators say they will also offer safeguards for managing cloud agreements.
Data brain drain may prompt move to managed services for market data management
A shortage of data professionals with suitable experience to run large financial firms’ data organizations could drive firms to completely outsource the management and administration of their third-largest expense.
Waters Wrap: On getting back to normalcy
As “work from home” becomes the new normal, Anthony explores his own anxieties and whether they mirror similar trends unfolding in the workplace.
Waters Wrap: Fintech funding—follow the money
As funding for startups and young companies dries up due to inflation and rising interest rates, Anthony looks at some of the vendors that have received monetary infusions this year to see if there are any patterns to be gleaned.
MDSL cuts data vets, retools to focus on technical sales
The loss of experienced data specialists has shocked some industry execs, but the vendor says its plan to train a new cadre of technically focused staff will result in better service overall.
The surprising industries luring data talent away from Wall Street
Capital markets data specialists are finding their skills in high demand—but not from where you might think.
MarketAxess completes migration of Deutsche Börse’s reg reporting businesses
The market operator has onboarded about 500 new clients and aims to create new revenue streams to ease the ongoing cost and margin pressures.
Waters Wrap: After Symphony, David Gurle’s new opus looks to distributed cloud storage, compute
The creator of Perzo/Symphony has started a new company called Hive. Anthony chats with David Gurle to see how the startup will look to disrupt the cloud space.
Waters Wrap: How the LSEG-MayStreet tie-up might change the buy/build debate
Anthony looks at some of the questions that came up from industry participants in the wake of the LSEG-MayStreet deal.
Waters Wrap: The Big Tech cloud providers are coming for your toys
Anthony thinks that the fintech community should be looking over their shoulders as the major cloud providers are going to disrupt financial markets even more than they do today.
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.
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.