Articles by Wei-Shen Wong
LSEG-Tora: A tale of crypto, Asia expansion and (more) integration burdens
When LSEG acquired Refinitiv, it added Eikon, FXall, and AlphaDesk to its portfolio of execution platforms. In February, the exchange also bought Tora, which has a stronghold in Asia, as well as a presence in crypto. While sources say there are clearly…
One view to rule them all: Buy side firms seek to unify their data
Asset management firms still struggle to consolidate their data so that it speaks the same language across different business lines. Some new SaaS-based investment management vendors are aiming to solve this.
Waters Wavelength Podcast: MayStreet’s Kimmel on the NMS plan
MayStreet chief policy officer Manisha Kimmel joins the podcast to talk about how national markets system data is charged for.
In the race to institutionalize crypto, participants eye familiar tech ‘wrappers’ for new assets
Despite the development of digital assets overall, and interest in cryptocurrencies remaining strong among individual investors and niche firms, widespread institutional adoption remains muted. Wei-Shen Wong looks at the tools being developed to support…
Waters Wavelength Podcast: Episode 248 (A Merry Covid Christmas)
This week, Tony and Shen rant about dealing with Covid. No tech here, folks. Merry Christmas!
From overhype to practical use cases: the DLT projects that gained ground in 2021
WatersTechnology reflects on some notable distributed ledger technology projects.
Waters Wavelength Podcast: DTCC’s Peve on using tokenization to streamline private markets
Jennifer Peve, managing director and head of strategy and business development at DTCC, discusses the Digital Securities Management (DSM) platform the firm is working on for US private markets.
Waters Wavelength Podcast: Bill Murphy on innovation discovery
Bill Murphy, managing partner at Cresting Wave, is back on the podcast with Tony to talk about innovation discovery.
IBM eyes ‘seamless integration’ of quantum, classical computing
Blending classical and quantum computing could reduce the cost of quantum calculations and eliminate the need to understand hardware specifics, IBM says.
FactSet EMS adds fixed-income trading capabilities
Portware is already integrated with fixed-income electronic trading platform Trumid, as well as Tradeweb, MarketAxess, and Bloomberg.
Waters Wavelength Podcast: Sustainability and the circular economy
Garry Cooper, CEO and co-founder at Rheaply, joins the podcast to discuss the circular economy and how technology plays a part.
Waters Wavelength Podcast: IBM’s Likhit Wagle on modernizing mainframes
IBM’s general manager of global banking and financial markets joins the podcast to talk about the importance of modernizing mainframes.
ASX goes live with new DLT-as-a-service platform
Synfini enables customers to access the exchange’s DLT infrastructure, data hosting, ledger services, and support.
Interoperability: Banks struggle with just how much they want for flagship platforms
For all the talk of interoperability within the capital markets, Wei-Shen wonders just how far firms are willing to go.
After Refinitiv deal, LSEG Labs builds machine-learning market impact tool
Geoff Horrell talks about the Lab’s innovation strategy after the Refinitiv acquisition, deep learning, and the ideation process.
Northern Trust focuses on alpha generation with recent investments, partnerships
Northern Trust has invested in three firms this year, which now sit in its investment data science division as part of its Whole Office strategy.
Waters Wavelength Podcast: State Street’s COO on acquisition strategy
Lou Maiuri, chief operating officer at State Street, joins the podcast to discuss State Street’s acquisition of Brown Brothers Harriman’s Investor Services business.
ASX builds ‘DLT-as-a-service’ offering to help prep market for Chess replacement
The exchange’s customer Daml sandpit has been up and running since January and has had over 20 firms log on. The next phase—its DLT cloud environment—will be ready in early October.
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SimCorp takes ‘Aim’ at EDM space with DataCare rollout
Since launching DataCare in April 2020, the vendor has signed up eight clients, including Zurich Group Investment Management.
Waters Wavelength Podcast: Episode 241 (Big Tech and the capital markets)
Wei-Shen and Tony explore the idea of big tech companies disrupting the traditional Wall Street vendors.
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Six corporate actions prototype aims to slash data delivery time
If the prototype is put into production, delivery of corporate actions data for dividends could be reduced from up to 24 hours to 15 to 30 minutes.
‘Connect’ schemes will force Chinese buy side IT overhaul
Initiatives that provide greater access to international markets, like the Stock Connect and Bond Connect programs, will drive change at Chinese asset managers struggling with legacy trading technologies.
Firms can't afford to miss out on digital assets, says SBI Digital Markets
Waters Wavelength Podcast Interview Series: Kris Hopkins, now head of capital markets at SBI Digital Markets, discusses the opportunities for capital markets firms in the digital asset space.
Waters Wavelength Podcast: Episode 239 (The ‘E’ in ESG and quarantine woes)
Wei-Shen and Tony talk about climate migration and opportunities that might come about from a data perspective.