Waters
Blood, sweat, and tiers: how the SEC’s exchange rebates proposal could reshape US equities markets
The proposal to overhaul volume-based rebates for agency brokers may create significant shifts in liquidity, order routing, and competition. And industry practitioners are split on whether it’s for better or for worse.
Elephant in the room: Balancing AI innovation with cloud projects
Voice of the CTO: While generative AI is today’s hot topic, bank technologists explain how they’ve spent years planning for this day, even if cloud had been the main focus. And to be sure, skeptics remain.
TMX advances plans to launch US equities ATS
New trading solutions and market data sources underpin the Canadian exchange group's growth strategy.
What happens when genAI meets low code?
GenAI is all the rage today, but not long ago, low-code and no-code development had a moment. If developers combine these technologies, can they make programming more efficient?
Real-time and historical market data: Priorities, preferences and the cloud
This paper, commissioned by LSEG, focuses on firms’ current market data priorities, the asset classes and geographies they are looking to focus on in the near future, and the benefits they can expect by moving their historical market data storage and…
People Moves: Chatham Financial, BBH, Isda, and more
A look at the past month’s people moves in the capital markets technology and data space, including Michael Young (pictured), who becomes Chatham’s new chief product and technology officer.
Waters Wrap: T+1 and too many proposals
Anthony believes that there’s a growing chasm emerging between regulators, senior business execs, and technologists—which is especially evident when it comes to the T+1 debate.
This Week: State Street/CF Global Trading, HSBC, KPMG, and more
A summary of the latest financial technology news.
Amazon expects $900M+ per quarter from extending server life
The cloud provider is following the server lifespans imposed by rivals Google and Microsoft last year, in a move expected to yield more than $900 million in Q1 2024.
MarketAxess sees returns from new trading tools
Recently added portfolio trading, automation, and algo offerings drove the vendor’s revenue growth in Q4 2023.
Run the bank, change the bank: CTOs juggle needs and wants
Voice of the CTO: In part two of a five-part series, bank technologists explain where firms go wrong when trying to modernize their tech stacks and manage technical debt.
‘When, not if’: EU plots course for T+1 transition
Not everyone saw eye to eye at a European Commission roundtable discussing how to shorten settlement cycles, but most participants recognized the need to make the transition to T+1.
The IMD Wrap: Market data budgeting for 8-year-olds
Balancing a market data budget is challenging enough, but it’s even harder when cost pressures are tight, and when fees and discounts create extra confusion.
This Week: BMLL makes historical datasets available on Snowflake; Tradeweb; Interop.io; and more
A summary of the latest financial technology news.
Trade reporting challenges require data re-think
Data accuracy issues are hampering some firms’ regulatory reporting abilities. So why aren’t data professionals more involved? And how can compliance costs be turned into revenue drivers?
Ticking clock: Firms in Asia face unique T+1 challenges
Firms in Asia worry about unintended consequences of massive change to settlement cycle.
GenAI or replatforming? Bank CTOs disagree on budgetary spend
Voice of the CTO: In part one of a five-part series, several bank technologists discuss where they are looking to spend their budgets this year, and what hurdles stand in the way of experimenting with generative AI.
AI expert warns of algo-based market manipulation
An artificial intelligence professor warns of machine learning ‘arms race’ for regulators against those seeking to use new technologies to manipulate financial markets.
Waters Wrap: The end of Cobol?
With the rise of generative AI, Anthony wonders if the days of Cobol are numbered.
This Week: Europe’s Mifir review, FIA Tech, TRG Screen, UPI implementation, and more
A summary of the latest financial technology news.
Domain-specific AI: the hot topic of 2024?
Generative AI is increasingly being applied to specific domains within finance. But experts are divided on whether targeted models will take over from their general-purpose cousins.
Regulators’ FRTB estimates based on faulty premise—industry study
US market risk capital requirements could more than double if banks abandon IMA
Finding the investment management ‘one analytics view’
This paper outlines the benefits accruing to buy-side practitioners on the back of generating a single analytics view of their risk and performance metrics across funds, regions and asset classes
Price gouging? New study finds market data providers consistently inconsistent in pricing, discounts
As the industry awaits the FCA’s findings from its Wholesale Market Data Study, end-users pin their hopes on the prospect of relief. But a new study from Substantive Research details the enormous pricing disparities that must be tackled.