Max is editor-at-large at WatersTechnology, based in Infopro Digital's New York office.
Max joined then-Risk Waters Group (prior to its acquisition by Incisive Media) in 2000, and has worked as a reporter on Risk Magazine, FX Week, Trading Technology Week (now Sell-Side Technology) and Buy-Side IT (now Buy-Side Technology), before joining Inside Market Data as European reporter in 2003. He moved to New York as US reporter in 2005, and became editor in 2006. He was a contributor to sibling Inside Reference Data, and was founding editor of Inside Data Management, which merged the IMD and IRD newsletters into a monthly glossy magazine.
While market data departments are rarely highlighted when it comes to innovation, Max says that doesn’t mean there aren’t disruptive tech projects underway.
Startup DLT provider TradeX proposes using blockchain's immutable ledger as an indisputable record of market data entitlements and consumption, to reduce licensing disputes.
TRG will combine J&J's six-year-old MDR managed service for data reporting with its own similar ADS declarations service.
A summary of some of the past week’s financial technology news.
As interest in OTC marketplaces grows, so does the value of data generated by brokers in those markets. But monetizing that data involves many challenges. Max looks at some potential solutions.
Technologies such as knowledge graphs that look at data in a non-linear manner can not only spot correlations and associations that aid investment analytics, but can also help tackle costly challenges such as change management and regulatory reporting.
Interdealer brokers are looking enviously at the way exchanges have been able to grow data revenues, providing a stable stream of profits as other business lines have declined. But following the exchange model has its own challenges.
Trading in large, privately-held stocks has hitherto been the domain of large private equity investors. A new technology platform aims to make these markets more accessible to broker-dealers by integrating with the back-office processes that firms…
Algorithm development specialist BestEx Research is making a play to address inefficiencies in futures trading algorithms.
FactSet’s mapping service, Concordance, can be used on its own or with Snowflake’s cloud, enabling users to apply the offering to other datasets in Snowflake’s ecosystem.
As the “vast majority” of customers are shifting to the cloud, Refinitiv is looking to broaden its own cloud capabilities to help customers with their transitions.
The new offering will provide flexibility for firms who want front-, middle-office staff, and clients to use the same analytics, but where vendor services would be prohibitive.
The full platform, leveraging an open API architecture and multiple third-party providers, will enter beta testing in early 2021.
Vendors don’t release new products or updates without putting their software through rigorous testing. What does that testing involve, and what different approaches do companies employ? Max Bowie finds out.
The deal reflects the broader trend of market participants pursuing scale to create true front-to-back trading and data environments, which may signal a trading platform acquisition in the future—though the IHS Markit acquisition may face regulatory…