Articles by Josephine Gallagher
One versus many: Firms question viability of UK CT model
Market participants and industry groups are challenging the UK government’s approach to a competitive framework for the consolidated tape.
UBS turns to containerization for its cloud dev ops, security strategies
As the bank has moved 33% of workloads to both public and private clouds, UBS spent the past 12 months building out its enterprise security controls as part of its containerization efforts.
EU trading venue definition could crush innovation, say bank execs
Firms worry that regulating a broader net of firms could unravel progress in fixed income electronification and raise costs for market participants
Euronext’s datacenter move on schedule despite supply chain issues
Despite chip and hardware shortages, the exchange group says it is on track to go live with the new datacenter on June 6.
LSEG-Tora: A tale of crypto, Asia expansion and (more) integration burdens
When LSEG acquired Refinitiv, it added Eikon, FXall, and AlphaDesk to its portfolio of execution platforms. In February, the exchange also bought Tora, which has a stronghold in Asia, as well as a presence in crypto. While sources say there are clearly…
Asset managers seek greater transparency into ESG index providers’ ratings
While there is no consensus on whether ESG ratings providers should be regulated, asset managers largely agree that more transparency into their vendors’ methodologies is needed.
Cost, security concerns dampen banks' appetite for multi-cloud infrastructures
As firms make progress on cloud adoption, they are discovering that multi-cloud strategies for individual businesses can not only duplicate costs, but can also inadvertently downgrade a firm's resiliency.
New regulation forces UK banks to scrutinize cloud
Firms say changing SLAs and getting required information from vendors like AWS, Azure and Google Cloud is a heavy burden.
An EU Consolidated Tape: Advancements made in 2021, but still far to go in ’22
The second half of the year saw some long-awaited progress in the mission to fill the void of a consolidated tape in the European Union.
This Week: Nasdaq/Equinix, Northern Trust, Goldman/Bloomberg and more
A summary of some of the past week’s financial technology news.
UK regulatory consultation hopes to bridge gaps in AI adoption
The industry forum looks to inform recommendations for the safe use of AI in financial firms.
Digital rights group debuts ODRL, plans common tech framework
The community group is building a referencing architecture to test the theory that all participants in the data supply chain behave as originators, providers and users.
Top venues mull offering joint EU consolidated tape for bonds
Market participants worry a venue-led CT could be of low quality, with CT data used to create expensive additional products.
Patchy data thwarts consolidated tape hopefuls in Europe
Vendors grapple with unstandardized data reporting and data gaps in their push to develop a consolidated tape, as the EU prepares to unveil its latest legislative plans.
Competing CTPs won’t work, warn EU firms, calling for single tape provider
As the industry awaits upcoming EC proposals, some firms are voicing concerns that mandating multiple CTPs could create fresh problems around data fragmentation and connectivity costs.
This Week: Cboe, Euroclear; Société Générale, Bloomberg/Sustainalytics
A summary of some of the past week’s financial technology news.
SimCorp makes push into managed services
The Danish vendor is in the early stages of moving into accounting services. In later phases, it plans to expand services across the back and front office.
Definition of a trading venue: Reg review risks ensnarling tech vendors
Industry participants are divided over the definition of a trading venue and how regulators should revise the regulatory framework.
A tale of two titans: Microsoft vs. Bloomberg
Bloomberg has fended off rivals to its business for years but Jo believes a more credible threat may be emerging.
FactSet, Microsoft collaborate on voice-activated analytics
The data vendor has deployed machine learning across its ETF and fund screening datasets, and plans to interoperate with other big tech firms in the future.
UnaVista SFTR closure casts doubt on viability of reg reporting
The decision to shutter the service is another blow to the industry and the business case of reg reporting under SFTR.
Charles River, Wave Labs team up for enhanced OEMS
The strategic partnership will involve a three-part integration including system connectivity, combined visualization and the creation of client feedback loops.
Investment bank wraps up major tech overhaul after Covid-19 setback
Stifel Europe weathered 2020 volatility and switched vendors in looking to simplify its middle- and back-office functions and increase tech investment.
Accenture wins contract for Esma’s big data analytics project
The consultancy will provide on-demand tooling for analyzing data collected from Data Reporting Service Providers.