Articles by Anthony Malakian
US regulators remove FIGI proposal from joint FDTA rules
The Financial Data Transparency Act’s final rules omit an earlier proposal to establish the FIGI as a common financial instrument identifier across regulatory reporting activities.
Waters Wavelength Podcast Ep. 353: ExeQution Analytics’s Cat Turley
This week, Cat Turley joins the podcast to discuss the gap between investment data and trading alpha.
‘Vibe coding is burning us out’
Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of…
Waters Wavelength Podcast Ep. 352: Agentic workflows, AI bootcamps, regulation, and faves from Seoul
This week, Tony and Shen chat about some recent stories.
Old data practices key to navigating new agentic ambitions
Metadata and data quality are not as sexy as autonomous agents, but data executives across the capital markets warn that they are integral to successful agents.
Anthropic builds finance agents, Osttra buys HUB, TMX mulls extended trading, and more
A recap of the major tech and data news from the past week in the capital markets.
Pimco replaces Bloomberg EMS with TS Imagine
Fixed income giant is shrinking its Bloomberg EMS footprint, though not removing it completely, sources say.
Waters Wavelength Ep. 351: MarketAxess’s Lee and Alexandre
This week, Spencer Lee and Julien Alexandre from MarketAxess join the podcast to discuss AI in fixed income trading.
The race to ‘financialize’ GPU compute set to ratchet up
The Waters Wrap: Anthony looks at two companies aiming to bring efficiency and transparency to the GPU compute market.
Waters Wavelength Ep. 350: AI but make it about data basics
This week, Tony and Shen discuss how it’s all about getting back to basics, aka the data.
Waters Wavelength Ep. 348: FIA Boca, prediction markets, and the stupidity of Chatham House rules
This week, Nyela talks about her trip to Florida to cover the FIA Boca event and Tony goes off on a screed at Chatham House rules.
Broadridge’s agentic strategy takes its lessons from past AI winters
The Waters Wrap: Anthony looks at a real-world agentic project underway at the post-trade giant to see what others can learn.
GenAI and data quality converge at T. Rowe Price’s (Data) Lake Como
Jay Como was hired by T. Rowe Price in 2023, just as generative AI was rippling across the capital markets. Rather than accepting data quality as a hindrance to AI development, his team wants to use AI and agents to help solve this long-standing issue.
Buy-siders invest in private-markets platform, Broadridge expands crypto dealings, and more
The Waters Cooler: CME, ICE, and Nasdaq make other headlines; market data price increases slow; a new Cusip lawsuit and more.
CME’s Duffy addresses outages as exchanges push toward 24/7 trading
As senior exchange execs fielded questions about overnight trading in equities, the theme of resiliency lingered.
Jump Trading CIO: Prop AMMs allow users to create ‘a mini Jump Trading’
Dave Olsen said at FIA Boca that a new concept, proprietary automated market-makers, had grabbed the firm’s attention this year.
Waters Wavelength Ep. 347: Brennan Carley
This week, Brennan Carley, who has spent more than 40 years working in financial technology, joins to discuss the hidden risks and untapped potential of agentic AI in the capital markets.
Bloomberg Terminal’s agentic play shows rapid change in trading tech
Waters Wrap: The data giant’s conversational AI interface might seem novel, but others say having one is becoming a bare minimum in the world of trading technology.
Data heads scratch heads over data quality headwinds
Bank and asset manager execs say the pressure is on to build AI tools. They also say getting the data right is crucial, but not everyone appreciates that.
Fidelity expands open-source ambitions as attitudes and key players shift
Waters Wrap: Fidelity Investments is deepening its partnership with Finos, which Anthony says hints at wider changes in the world of tech development.
BlackRock further integrates Preqin, Nasdaq and Osaka Exchange partner, and more
The Waters Cooler: SGX remodels data lake, ICE seeks tokenization approval, TNS closes Radianz deal, and more.
Digital employees have BNY talking a new language
Julie Gerdeman, head of BNY’s data and analytics team, explains how the bank’s new operating model allows for quicker AI experimentation and development.
Waters Wavelength Ep. 346: TS Imagine’s Andrew Morgan
This week, Andrew Morgan of TS Imagine talks with Wei-Shen about how fixed income trading behavior is changing.
Re-examining Big Tech’s influence over the capital markets
Waters Wrap: A few years ago, it seemed the big cloud providers were positioning themselves to dominate the capital markets tech scene. And then came ChatGPT.