Post-trade
Millennium Management enlists Google for building custom tech solutions
Google Cloud’s capital markets director Rohit Bhat details the cloud giant’s buy-side strategy.
Post-trade processing via NYFIX matching
A case study underscoring how a global asset management firm successfully addressed post-trade processing challenges by adopting NYFIX Matching from Broadridge.
Better tech brings threat of two-speed trading in fixed income
Smaller asset managers may get left behind as automation allows the big players to prosper.
Waters Wrap: Examining ASX’s CHESS do-over
The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.
Harnessing generative AI to address security settlement challenges
A new paper from IBM researchers explores settlement challenges and looks at how generative AI can, among other things, identify the underlying cause of an issue and rectify the errors.
Has cloud cracked the multicast ‘holy grail’ for exchanges?
An examination of how exchanges—already migrating to the cloud—are working to solve the problem of multicasting in a new environment.
Crypto ECNs aim to offer alternative to Clobs
CrossX and Cypator bring ECN-style trading and settlement to crypto, but rivals claim infrastructure isn’t ready
Underwhelming sales dominate Broadridge earnings call
The company’s Q4 call also hinted at developments in its use of AI in fixed income markets.
People Moves: Northern Trust, Finbourne, HKEx, Broadridge, and more
A look at the past month’s people moves within the tech and data space, including Benze Lam (pictured), who becomes Northern Trust’s Hong Kong head.
Antitrust complaint against Cusip can go forward, SDNY judge rules
The federal judge presiding over the ongoing class-action suit against Cusip Global Services, S&P Global, FactSet, and the American Bankers Association, has dismissed all complaints against the defendants except one alleging the quartet violated Section…
Waters Wrap: What’s next for desktop interop?
Anthony takes a look at the desktop application interoperability space—how we got here and where he thinks it's going.
Is the equities tape slipping through Europe’s fingers?
The EU has finally reached a compromise on a consolidated tape. But Theo wonders if it is too little, too late.
Nasdaq–Adenza: A look at the tech
The exchange operator announced its intention to acquire the software firm, which combines AxiomSL and Calypso, in a deal that amounts to its largest acquisition to date.
This Week: Europe’s Mifir review, MarketAxess, FIA, and more
A summary of the latest financial technology news.
Shortening the Settlement Cycle: Then and Now in Asia
DTCC’s Joseph Capablanca says that while T+1 will bring benefits to Asia investors, industry participants need to improve ‘behavioral processes’.
Digital assets trade processing: The roadblocks and the road ahead
Institutional investors want digital assets, but have several key concerns. Kristin Hochstein of ISITC explores some ways to improve investor confidence in the space.
EU lawmakers struggle to find common ground on equities CT
The debate over a consolidated tape for European equities heated up when a second contender for the role of provider emerged during the EU’s trilogue process. But as the bloc’s three legislative bodies try to reach a compromise, commercial interests are…
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Deutsche Börse seeks seat at tech leader table with SimCorp buy
With exchanges such as Cboe, Nasdaq, LSEG, and ICE leading the pack of exchanges that double as technology companies, the German exchange is playing catch up with its proposed offer for buy-side tech vendor SimCorp.
Does the case against Cusip have legal merit? We’re about to find out
As the parties involved in the Cusip lawsuit wait to see whether the case will proceed to trial, Reb discusses what it might mean if the defense's claim that the case has no legal merit is true.
Waters Wavelength Podcast: Broadridge’s Tyler Derr
Broadridge’s CTO Tyler Derr joins the podcast to talk about interoperability, blockchain, and other emerging tech.
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.
Winners and losers from the post-trade tech revolution
As the pace of tech evolution increases, Christian Sjoberg says firms that aren’t investing in new technologies to solve old post-trade problems will be left behind.
Hurry up and wait: EU debates potential models for ‘essential’ consolidated tape
As the legislative debate surrounding a future European consolidated tape for equities takes on increased urgency, market participants and interested parties are beginning to weigh in with their visions of a successful tape.
Ice exec rejects cloud for critical infrastructure
FIA Boca 2023: SVP Bland “can’t imagine” outsourcing critical infrastructure; DRW’s Wilson warns of concentration risk