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Traders, vendors seek to modernize chronically underinvested FX tech
The average FX professional uses eight applications at any one time. But integrating the FX workflow is a daunting task.
This Week: Google Cloud/Commerzbank, SmartStream, Anna DSB, and more
A summary of some of the past week’s financial technology news.
Jumping ship: Concerns raised over LSEG’s 2022 Docklands datacenter move
The project comes at a time when Euronext is considering a datacenter move, and sources speculate that Six might also be another candidate to migrate. Market participants are split on the news of the LSEG migration, with some calling it “frustrating,”…
Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
Market participants say the price hikes reflect the struggle among regulatory reporting service providers to run sustainable and profitable businesses.
As ASX preps Chess replacement testing phase, other data & cloud projects progress
Testing on the new DLT-based platform will begin in July. The Aussie exchange is also making progress on its DataSphere project and has addressed ASX Trade after an outage last year, according to the company’s CEO.
Vendors Continue to Move Products, Services to the Cloud: Some Examples
Last year, most (if not all) financial technology providers either completed or started major projects that involved moving their products and services to the cloud. WatersTechnology looks at 15 of the more interesting cloud-migration initiatives from…
ASX Presses Forward with DataSphere Buildout
The initiative's aim is to capture more of the exchange's internal data to commercialize that useful information for the investment community.
RFA Taps AI for Managed Data Services Platform
Cloud data platform includes fully managed warehousing, ingestion, and analytics, with AI-enabled security functions.
Banks Grapple with VPN Capacity Amid Covid-Induced Network Strain
Private network limitations and variable internet connectivity have challenged operational resiliency and business continuity plans.
On Cobol and Legacy Systems: Covid-19 Turmoil Calls For Change
Financial industry experts say the time to start future-proofing was yesterday.
Morgan Stanley’s AlphaWise Uses Alt Data to Track Coronavirus
The bank’s research business is using artificial intelligence, traditional consumer surveys, and visualization techniques to monitor the impact of Covid-19.
TMX Forges Ahead to Offer Round-the-Clock Derivatives Trading
Despite the coronavirus, the exchange is on track with plans to offer near 24-hour derivatives trading, new interest rate contracts, and increased transparency into ESG risks.
IVP Aims to Bring Most Applications to the Cloud This Year
It has already moved seven of its 16 offerings to the cloud.
TISA Assesses Vendors for Mifid II Reporting Solution
The regulatory reporting utility product for fund managers is targeted to go live by mid-2020.
Desktop App Interoperability: On the Front Lines with RBC and OpenFin
Anthony Malakian spent several weeks with RBC Capital Markets and OpenFin to see how desktop app interoperability works in motion.
As Blockchain Projects Sputter, Capital Markets Firms are Having Second Thoughts
WatersTechnology examines some of the disillusionment permeating the capital markets when it comes to blockchain.
Rimes Eyes Custom Solutions with New Client Portal
The vendor is revamping its user experience, which will allow for greater customization.
SGX Marches On
The SGX is focusing on "smaller" projects, rather than big-bang investments as it seeks to renovate and integrate its technology.
FCA: Bad Tech Leads to Cyberattacks
UK regulator warns of firms' inability to manage system failures and cyber attacks as reports in incidents are on the rise.
STP: Shedding the Leftover Inefficiencies
The age-old problem of achieving straight through processing remains a challenge for some buy-side firms today. But time is running out.
Backstop Solutions Raises $20 Million
The investment will help accelerate software upgrade projects and potentially fund new acquisitions.