A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.
The data giant is also rolling out updates for climate risk and asset liability management on its platform.
Esma is asking for feedback on proposals that could see penalties for settlement fails increase by 25 times. But affected parties say adapting to the new system would be a technical upheaval and are calling for more structural reform.
A summary of the latest financial technology news.
A look at the past month’s people moves in the capital markets technology and data space, including Matthijs Geneste (pictured), who will head up EU regulatory data services for Etrading Software.
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.
The Data Excellence Program—the first to recognize data management at an enterprise level, rather than being an accreditation program for individuals—will help firms solidify data management as a program rather than a series of projects.
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.
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.
As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.
Voice of the CTO: Enterprise architecture aims to tie together a bank’s overall infrastructure, systems and workflows. While easily said, bank technologists explain why it’s harder in practice.
Dan Schleifer, co-founder of Interop.io, explains how desktop interoperability underpins new AI developments.
John Ameriks, head of Vanguard’s Quantitative Equity Group, explains the rationale behind dataset selection and how the group has been using machine learning.
Waters Wavelength Podcast: Tim Baker on Cusip lawsuit, data copyrights, and innovation in market data
Expero’s Tim Baker joins the podcast to talk about the ongoing Cusip suit and regulatory intervention in the market data space.
- FCA declines to directly regulate market data prices
- Bloomberg updates risk analytics platform to cope with FRTB regional shifts
- Waters Wrap: Inside the mind of the CTO
- Northern Trust: Improving transparency across the asset servicing market
- Settling scores: industry pushes back on new penalties in settlement efficiency drive
- JP Morgan DLT exec: Settlement rails needed for digital bonds to gain traction