Trading Tech
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.
Regulation Best Ex: Investors’ ‘new bestie’ or just extra hassle?
The SEC's proposed best execution regulation has ruffled some feathers. With a host of key details still to be resolved, industry experts say the rule in its current form could represent a big change in the way orders are handled.
Save the date: How an events calendar can improve corporate actions workflow
Having a visual 'calendar' of corporate actions events could free up staff who manually capture this information.
RBC eyes AI to bolster FX and rates algos
Canadian bank plans to take deep reinforcement learning tech from equities to fixed income and currencies
Pay now or pay later: Regtechs make play to spare banks steep fines
After a record year of fines issued by the SEC, financial services firms are rushing to implement regtech solutions that can help mitigate their financial exposures.
A Fireside Chat with FactSet's Jason Pangretic and Maurice Iragorri
Jason Pangretic and Maurice Iragorri discuss data and analytics, the critical role EMSs play across the buy side, and system integration and interoperability.
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.
JP Morgan is testing quantum deep hedging
Researchers say the timeline has shortened for the use of models in production.
S&P Global–IHS Markit post-merger: One giant leap for data analysis?
The combined entity will look to tap into AI tools provided by S&P’s Kensho outfit and AWS’ cloud to build new analytics platforms.
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.
BloombergGPT: Terminal giant enters the LLM race
Bloomberg has developed a large language model with the aim of improving its Terminal’s ability to provide sentiment, charting and search.
Waters Wrap: On SVB, Credit Suisse and questions left in the wake
After the latest 'crisis' that claimed Silicon Valley Bank, Credit Suisse and others, Anthony questions whether anyone will learn a lesson.
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.
Ion wasn’t deemed a ‘critical’ vendor by most clients
The software firm escaped heavy scrutiny ahead of its cyber attack, says a US Treasury official.
Hacked off: banks demand answers after Ion cyber attack
Clients have been left in the dark about the ransomware attack that disrupted futures trading last month.
The buy-side burden: Capturing every document, everywhere, all at once
Ensuring that buy-side firms capture all relevant disclosures from funds—especially in the private markets—can be an onerous and costly task. Accelex is aiming to change that.
Market data consumers buy the same products at massively different price points
A new study finds that asset managers are paying several times more than their peers for the same services—but why? And can it be fixed? Does it need to be?
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Broadridge rethinks the OMS
Through its partnership with Glue42, Broadridge is bringing together the best components of its agency trading and market-making solutions.
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
High-frequency flap over CME’s Aurora data center
Exchange group’s migration to Google’s cloud could render HFT networks redundant
DTCC’s blockchain for CDS trades finds no takers
Sources say the industry is not yet ready to fully adopt wide-scale implementations of distributed-ledger technologies.
Citadel Securities, Jane Street battle fixed-income connectivity challenges with MultiLynq buy-in
Increased electronification of fixed income markets requires more connectivity, which entails greater costs for firms to connect to a growing list of trading venues.
The haves and the ‘have bots’: can AI give vol forecasters an edge?
Quants at Acadian, Man Group, Northern Trust and PGIM are investigating the use of machine learning and natural language processing to improve volatility forecasts.
Spreadsheet interoperability: Or how companies learned to stop worrying and love Excel
While Microsoft engages in a tech arms race for chatbot and cloud supremacy, interop firms are attempting to remedy some of the idiosyncrasies of its monolithic spreadsheet software.