United Kingdom (UK)
BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation
The central bank's report on the future of post trade will face the same competitive interests that have hindered previous attempts at eliminating inefficiencies and bringing automation to the back office.
UBS Head of Tech: How Virtual Desktops Keep Workers Plugged in During the Pandemic
The Swiss bank’s A3 system offers a blueprint for remote working as the industry looks to life beyond coronavirus.
People Moves: CFTC; Eventus Systems, Rozetta, RJ O'Brien, Outset Global
Some of the key people moves from this week, including CFTC Chairman Heath Tarbert (pictured), who joins the Iosco board.
Quants Use Nowcasting As Covid Crystal Ball
Experts from UBS, Unigestion, MIT and QuantConnect discuss the need for nowcasting, and what the alt data boom has made possible in trying to navigate today’s crisis.
This Week: Northern Trust/BackRock, Nasdaq, IHS Markit/OpenGamma, MEMX, and More
A summary of some of the past week’s financial technology news.
Pandemic Fuels New Wave of Surveillance Tech
Firms are investing in new solutions for monitoring the front office in lockdown conditions, but the latest technologies raise concerns about privacy and intrusion.
UnaVista Rolls Out Reporting Analytics for Performance and Market Surveillance
The regulatory business is developing enhanced analytics to improve reporting accuracy and identify signs of market manipulation.
FCA Using NLP, Machine Learning to Regulate Businesses
The regulator is advancing with its strategy to improve its use of tech in its oversight role, says data chief.
Start-Up Brings Video Game Design to Repo Trading, Regulatory Reporting
Hudson Fintech is leveraging the entity component system architecture as it looks to bring in sell-side firms and raise seed funding.
This Week: S&P Global/Intapp/DealCloud; Rimes; Stifel/Nasdaq & More
A summary of some of the past week's financial technology news.
NatWest Markets to Expand Chatbot for IRS Trade Execution
The investment bank is upgrading its chatbot in response to user demand for more capabilities.
NatWest Markets Restarts Rollout of Axe Data Add-In After Covid-19 Disruption
The bank has partnered with ipushpull to develop an Excel bolt-on for clients with axe data who do not have access to Symphony.
Opportunity and Caution Abound with Extra Year for UMR
With the uncleared margin rules deadline extended, firms have an additional year to prepare, but they must do so while navigating the coronavirus pandemic and its economic fallout.
Banks Grapple with VPN Capacity Amid Covid-Induced Network Strain
Private network limitations and variable internet connectivity have challenged operational resiliency and business continuity plans.
UBS’s COO: 'Hybrid Pods' Accelerate Remote Working Solutions Amid Pandemic
Beatriz Martin says the bank has about 400 of these agile development teams—which were first rolled out last year—consisting of about 2,500 people across the organization.
Covid-19 Reveals Need for Better Comms Plug-Ins for Traders
Traders should have real-time voice modules in trading systems and the ability to add detailed notes to replicate trading floor experience.
Geolocation Data Spotlights Covid Recovery
Hedge funds are using geolocation data to both spot signs of a pandemic recovery and to see its ripple-effect damages.
Torstone to Integrate Risk Calculations into Inferno
The vendor will add trading position flow and risk calculations to the platform this year, as it continues to integrate functions from recent acquisition Percentile.
CloudMargin Makes Key Hires Despite Coronavirus Uncertainty
The London-based collateral management solutions provider says expansion is a strategic business decision.
Gresham Technologies Expands Use of RPA for Reconciliations
The vendor's CTO says automation capabilities embedded within the company's Clareti platform can help with repetitive tasks.
This Week: LSEG Technology; SIX/Nasdaq; FTSE Russell/JSE; & More
A summary of some of the past week's financial technology news.
Mosaic to Launch Mobile Version of Data Analytics Platform
The functionality is already available for tablets, with the cell phone version expected in the third quarter.
CLS Assembles Data Science Team to Decode FX Volatility
The information services division at the FX settlement specialist is recruiting data analysts for a special project.
LSEG To Build DLT PoC for Equities Settlement
The exchange's blockchain architect says the product is being prepared for testing in the FCA's sandbox.