Articles by Nyela Graham
LSEG–MayStreet lawsuit may have precedent in Delaware court
Lawyers for Patrick Flannery argue that a recently settled case in Delaware sets precedent for his ongoing battle with the exchange group.
Is this tokenization’s golden opportunity?
The Waters Wrap: More initiatives around tokenizing assets are coming to fruition. Nyela asks: Is the market ready?
EuroCTP wins again, Fanatics teams up with BGC, Clarity Act’s uncertain future, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
ICE buys MarketAxess to create ‘common rails’ for fixed income
The deal, which is expected to close early next year, will further establish ICE in the fixed-income market.
EDMA begins rollout of AI certification framework
The EDM Association is expanding its CDMC framework to include analytics and AI.
Bloomberg acquires Canoe Intelligence, expanding private markets prowess
In a rare acquisition, the data giant is looking to add to its established private markets intelligence and add more functionality for client workflows.
The first overnight trading puzzle pieces fall into place
The Waters Wrap: The NSCC moved to 24x5 clearing hours last week. What comes next is worth paying attention to, Nyela writes.
Finance firms join Anthropic’s Project Glasswing as AI transforms cyber risk
Broadridge and Intercontinental Exchange are taking part in Anthropic’s cybersecurity initiative, built around its controversial Mythos model.
New ICE analytics, Pyth indexes, Canadian overnight trading and more
A recap of this week’s major tech and data news in the capital markets.
Is alt data betting on prediction markets?
The Waters Wrap: Prediction markets are riddled with legal uncertainties, but they also might be one of the richest new data sources seen in years, writes Nyela.
LSEG paid $275 million for MayStreet, court documents say
Amid the ongoing MayStreet–LSEG lawsuit, lawyers for the exchange group filed documents last week that reveal the price tag of the deal and the earnout amounts at the center of the case.
Paxos wins temporary approval for blockchain clearing push
Blockchain infrastructure company will have a period of 18 months to “ramp up” readiness for operations, per the SEC’s approval letter.
DTCC dives into public cloud
The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.
DeFi and TradFi firms are borrowing each other’s benefits
The Waters Wrap: As blockchain tech gains a small foothold in market data, Nyela says the thing separating blockchain’s previous craze and its second wind is choice.
Symphony introduces agentic workflows to core platform
Through the new AI agent studio, firms will now be able to build their own AI agents within the Symphony platform.
LSEG makes final case for dismissal of MayStreet lawsuit
Lawyers for both LSEG and MayStreet founder Patrick Flannery have argued the lawsuit’s merits through various legal filings for almost a year.
24X says requested SIP exemption won’t break the market
In a new letter to the SEC, the startup exchange says data infrastructure that operates like the SIP is available as it looks to launch overnight trading this summer.
Cboe sells to TMX, TT links to NZX, Broadridge and Digital Asset invest in HQLAX, and more
A recap of this week’s major tech and data news in the capital markets.
CME sees progress in cloud migration, gains in market data revenue
Two agricultural products will be the first to move to cloud this year. The exchange group is also testing tokenization with banks and clearing members.
NYSE files with SEC to join DTC’s tokenization pilot
Proposal mirrors one filed by Nasdaq last fall to allow investors to choose whether a security is cleared and settled in tokenized form.
The public market data formula is coming to private markets
As interest in private markets grows, S&P Global, Bloomberg, and ICE are including increasingly valuable data in their offerings.
24X National Exchange faces uphill battle in exemption fight
The Waters Wrap: 24X wants exemption from the requirement that the SIP be operational during overnight hours for its overnight session to proceed. Nyela explains why that’s asking a lot.
Equity data plans eye Dec. 6 for overnight trading launch
The US SIPs are looking to launch near 24-hour operations as exchanges seek to extend their hours.
Waters Wavelength Ep. 348: FIA Boca, prediction markets, and the stupidity of Chatham House rules
This week, Nyela talks about her trip to Florida to cover the FIA Boca event and Tony goes off on a screed at Chatham House rules.