Bloomberg
IMD & IRD Awards 2023: Best data analytics provider—Bloomberg
Product: Bloomberg Risk & Investment Analytics
Buy side demands better data aggregation for primary corporate bonds
With electronification and tech development increasing in fixed income, participants are looking for better data access in the primary market for corporate bonds.
Alt data’s growing pains: Integration and aggregation challenges stall wider adoption
Demand for alternative data continues to grow among investment firms. So why are some alt data providers taking products off the market?
This Week: Bloomberg-Azure, Ice Data Services, Burton-Taylor, 7Ridge, and more
A summary of the latest financial technology news.
From ChatGPT to BloombergGPT: In capital markets, who can make the most of large language models?
Capital markets are no strangers to hype machines. Among the buzz around generative AI, Nyela wonders who will be best suited to take advantage of the technology and deliver the right use cases to Wall Street.
Big bank mergers, big cuts in data spend? Not so fast, experts say
With hundreds of millions of dollars spent per year on data and associated technologies, a merger the size of UBS’ takeover of Credit Suisse has the potential to take a huge chunk out of data vendors’ revenues. What’s the path forward?
Sell-Side Technology Awards 2023: Best sell-side front-office platform—Bloomberg
Product: Trade Order Management System (TOMS)
Sell-Side Technology Awards 2023: Best sell-side analytics product—Bloomberg
Product: Bloomberg Sell Side Analytics
This Week: Tradeweb, LTX/AWS, Bloomberg and more
A summary of the latest financial technology news.
BloombergGPT: Terminal giant enters the LLM race
Bloomberg has developed a large language model with the aim of improving its Terminal’s ability to provide sentiment, charting and search.
Citadel Securities, Jane Street battle fixed-income connectivity challenges with MultiLynq buy-in
Increased electronification of fixed income markets requires more connectivity, which entails greater costs for firms to connect to a growing list of trading venues.
Defendants in Cusip suit make their case for dismissal
Cusip Global Services and its affiliates have filed a joint motion to dismiss the anti-trust class-action lawsuit.
Waters Wrap: The DTCC, Cusip and questions of a monopoly
While the companies that oversee Cusips find themselves embroiled in a lawsuit, Anthony questions where the DTCC stands in this unfolding drama.
After slow start, the ‘Big 3’ fixed-income consortium taps Finbourne as partner for CT bid
The Bloomberg, Tradeweb and MarketAxess consortium switched out its advisory firms at the end of last year to jumpstart its bid for the tape.
SEC’s $5M Bloomberg BVAL fine targets ‘dark magic’ in fixed income pricing
Recent actions against Bloomberg and Ice for violations relating to evaluated pricing services suggest the US regulator may be setting the stage for stricter regulations to govern the sector.
This Week: Euronext, STG/Alveo, Ice, Mizuho/Bloomberg & more
A summary of the latest financial technology news.
The year identifiers wanted some attention too
Cusip! Figi! Isin! BTC! LEI! Taylor Swift? How did we get here and where do we go now?
Here’s what ML and NLP powered in capital markets in 2022
As machine learning and natural language processing continue to spread across the industry, WatersTechnology highlights stories from 2022 that feature new use cases.
Post-trade still struggling from underinvestment, but purse strings are opening
Bloomberg, Broadridge, BNP Paribas, and a handful of startups are working to address manual processes in the back office.
Consolidated tapes gain ground in 2022
Regulators in the US, UK, and EU moved to push forward market data efforts this year.
In 2022, cloud shows true potential to displace legacy data platforms
Once wary of the cloud, financial firms, their suppliers and the marketplaces where they trade are openly embracing it. And there are more signs of big tech firms accelerating buy-in by literally buying in to clients’ migration projects.
Lessons from credit: Could all-to-all help Treasury markets?
Regulators are looking to all-to-all trading as a possible solution for worrying volatility and deteriorating liquidity in US Treasury markets.
Banks express concern over top venues’ bid for EU consolidated tape
End-users are worried about the repercussions of handing over a data monopoly to the heavyweight operators in the fixed income space.