Articles by Eliot Raman Jones
Banks brace for higher costs as chip memory runs short
A recent report from Gartner shows the price of memory is rising, putting the squeeze on firms eager to adopt AI.
API security flaw highlights AI model vulnerabilities
Researchers uncover a way to make weaker AI models reveal the hidden reasoning of more powerful systems.
SEC gunning to take over CAT in 2027
Chairman Atkins has plans for the SEC to run the Consolidated Audit Trail directly. Industry participants are split on the idea.
Stopgaps and fail-safes: How trading vendors guard against rogue AI agents
TradeStation’s newest trading tool, Titan-X, uses agentic tools to help plan, execute, and collect data on trades.
Anna’s new digital token identifiers, TS Imagine offers prediction market data, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
A tidal wave of token costs threatens landfall
Budgeting for AI was never “easy,” but as financial firms rely more heavily on agents, soaring token usage is forcing them to rethink the economics of modern enterprise AI.
LSEG caps free prompts as it moves to increase AI revenues
New AI tools were the main focus of the exchange group’s mid-year progress update.
The Clarity Act enters the Last Chance Saloon
The US’ landmark crypto bill’s future looks uncertain. Crypto fans may still see the bill pass before fall, but it’s the hope that kills you, Eliot writes.
MUFG builds internally compliant version of Claude Code
Japanese bank says Anthropic’s coding and productivity tool is effective at obtaining information but bucks compliance guardrails, prompting the creation of an in-house alternative.
Duffy steps down at CME, Trading Technologies integrates Kalshi, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
AI won’t stay in its risk category
For the first time, JP Morgan filed a form 10-K listing AI as a standalone risk factor—a sign of how banks are rethinking previously defined risk categories and their overall risk profile.
OnCorps eyes AI-driven fund administration
The Boston-based vendor’s new CEO, Ron Allen, a BlackRock Aladdin alum, says domain-specific agentic AI can tackle fund administration’s messiest workflows.
Will SEC reporting proposal supercharge alt data providers?
An SEC proposal that would let companies opt out of quarterly reporting disclosures could be a boon for alternative data providers.
EU AI Act leaves agents in regulatory limbo
A new paper published by AI ethicists draws attention to a hole in the EU AI Act surrounding high-risk agentic systems.
FactSet and JP Morgan’s new tool, Broadridge’s proxy voting play, Fitch’s new MCP, and more
A recap of the major tech and data news from the past week in the capital markets.
Stuck in the sandbox: Why bank stablecoin projects struggle to get off the ground
Five years after a wave of banks announced stablecoin ambitions, most projects remain stuck in testing. WatersTechnology spoke to more than 25 experts to find out why an increasingly mature technology has yet to translate into production-grade bank…
Euronext eyes bigger audience with new market datafeed
The European exchange is debuting a new cloud-based offering aimed at banks and mid-size asset managers that don’t need low-latency data.
Morgan Stanley participating in Anthropic’s Claude Mythos testing
The bank is one of the select few granted access to the hyperscaler’s latest model.
Blue water rafting: How RBC’s AI Group is navigating the AI rapids
After forming its new AI Group, RBC is building a governance layer to help minimize risks posed by agentic AI.
SocGen streamlines corporate actions with Euroclear tool
The French bank is deploying the Cash+ service to help improve the elective dividends process.
SigTech’s closure amid agentic AI boom raises questions
Sources say competition from leading AI companies was too stiff to combat.
AllianceBernstein enlists SimCorp, BMLL and Features Analytics team up, and more
The Waters Cooler: Mondrian chooses FundGuard to tool up, prediction markets entice options traders, and Synechron and Cognition announce an AI engineering agreement in this week’s news roundup.
Fiber’s AI gold rush risks a connection drop
In search of AI-related profits, investors flocked to fiber cables, but there are worrying signals on the horizon.
TMX Datalinx makes co-location optionality play with Ultra
Data arm of the Canadian stock exchange group is leveling up its co-lo capabilities to offer a range of options to clients.