United States (US)
Industry divided on whether Europe should delay FRTB
Most bankers prefer to keep to earlier start date, even though it puts continent out of sync with US.
Banks call for direct oversight of cloud providers by US regulators
Tri-opoly of cloud vendors “poses systemic risk” to financial sector, say risk managers
Third-party guidance spurs US bank rethink on fintech partners
For conventional vendors, banks say due diligence rules will be the toughest challenge
The loan market has a new identifier, but the path to adoption isn’t clear
The CEI aims to bring interoperability to loan trading, but it’s entering a market dominated by a long-standing incumbent.
Underwhelming sales dominate Broadridge earnings call
The company’s Q4 call also hinted at developments in its use of AI in fixed income markets.
Data projects underpin Cboe’s growth strategy
APAC expansion and strong indices performance are stepping stones in the Chicago-based exchange’s development.
Institutions see everything to play for in UK’s DLT sandbox
Industry welcomes flexible issuance limits, but rues derivatives’ exclusion as a missed opportunity.
Connective tissue: S&P's InvestorAccess enables secondary market-like trading of primary issues
Through a combination of its own technology and partnerships with fixed-income mainstays Bloomberg and Tradeweb, S&P is looking to create end-to-end workflows to simplify trading of primary bond issues for both buy-side and sell-side firms.
Tradeweb aims to expand FI trading footprint after Yieldbroker addition
In what CEO Billy Hult described as a “challenging backdrop” for the quarter, the marketplace operator is looking ahead on acquisitions, automation and a widening pool of market-makers.
As ESG investing faces headwinds, MSCI’s CEO says ESG ‘most popular’ topic for clients
For future analytics enhancements, the vendor will also lean into large language models and generative AI.
Citi cyber chief says AI providing new weapons in hacking wars
Barron-DiCamillo also urges regulators to work with industry best practice, not against it
Outsourced trading sees uptick as buy side seeks more bang for its buck
Buy-side firms see outsourced trading as a way to simplify their operating model, while custodians see an opportunity to sell bundled services.
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…
Charles River, software, data sales drive State Street in Q2
As traditional revenue lines declined at the custodian as a result of market forces, front-office software sales made big gains in its quarterly results.
S3 Partners sues Ion’s Fidessa for breach of contract
The New York-based market data company has filed a complaint against Fidessa for failing to honor its agreement to invest up to $6.25 million into the business.
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’.
BlackRock looks to expand Aladdin through accounting, data capabilities
Accounting, data, and analytics offerings make up part of Aladdin's strategy to become everything to everyone.
Google urges regulators, market participants to clarify risk guidance for AI models
A new whitepaper from Google finds that existing guidance on the use of AI and ML models for risk management is a start, but leaves room for improvement.
Hidden danger: As AI permeates finance, cybersecurity moves to the forefront
Open-source wrappers like MLflow, though useful and popular, highlight the risks hidden beneath these models.
Glue42 and Finsemble merge, reshaping interop vendor landscape
The niche interop market previously dominated by Glue42, Finsemble, and OpenFin is evolving—and so are the vendors themselves.
US Libor cessation: DTCC helps fill the void
In the run-up to the transition from Libor to an alternative reference rate at the beginning of July this year, DTCC’s Ann Marie Bria looks at the various permutations impacting market participants and the role DTCC is playing in helping firms navigate…
Tomorrow’s institution cares more about its risk than its performance
Execs from BlackRock, BMO, and Ness Digital Engineering discuss the balancing act of the wildly shifting priorities each of their organizations contend with every day.
Coming to America: Foreign agents seek to subvert domestic tech incumbents
Vendor consolidation has given more to power to those who already hold the most power in the US. Can overseas providers who’ve already succeeded in smaller markets bring back competition?
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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.