Back-Office Technology
Broker data policies stoke fears of ‘exchange-style’ fees and audits
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.
This Week: Tradeweb/Nasdaq, HSBC, CME/BrokerTec, Esma, Acquis, SimCorp & more
A summary of some of the past week’s financial technology news.
Back-office automation key to breaking open private markets
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…
Data providers target data deficiencies in muni bonds market
Companies like Ice are looking at ways to help municipal bond investors gain transparency into a historically opaque market.
The embrace of buy-side interoperability: State Street, SimCorp team up
The partnership between the two major players in the buy-side technology space reflects the shift in how rivals do business.
LME overhauls tech, data stack amid calls for trading floor closure
The London-based commodities exchange has embarked on an ambitious technology and data infrastructure modernization strategy as it takes steps to close its open-outcry floor.
US pension fund teams up with academics to cut through ESG fog
Pension Reserves Investment Management and MIT’s business school are looking to improve ESG data and to reflect all investors’ views.
This Week: Pimco/Man Group, Microsoft & Others, Cboe, Trumid/Goldman Sachs, Fenergo, & More
A look at some of the past week’s financial technology news.
As the Benefits of Digital Assets Become Harder to Ignore, What’s the Path Forward?
Lisa Iagatta, Isitc chair, says financial institutions have an opportunity to create more efficient processes in areas such as trade settlements through the use of digital assets.
How Will Covid Lessons Reshape Financial Tech in 2021?
As 2020 comes to a close, Anthony looks at how firms have adjusted their short- and long-term plans in the face of the coronavirus, focusing on office space, innovation, alt data, and mental health.
Asia at the Forefront of Innovation—A Look at Tech Projects in the Region
WatersTechnology looks at some of the major projects coming out of Asia that are leading the way for firms around the globe.
The ABCs of NLP: How Trading Firms Used NLP to Navigate 2020
This year, natural language processing came to the fore in capital markets, helping firms of all kinds parse huge, unstructured datasets.
SEC’s Market Data Infrastructure Rule Not Easily Said or Done
The finalized equities market infrastructure reforms will make a difference, but some market participants are calling for additional clarity.
This Week: Jyske Capital/SimCorp; Vestrata; NICE Actimize/FACEPOINT; Anna/Gleif; SS&C, ING, and more
A summary of some of the past week's financial technology news.
SS&C Advent Looks to the Cloud for Future Tech Deployments
After the rollout of its Genesis platform, SS&C Advent is now thinking about how it can transition platforms like Geneva, Moxy, and APX to the cloud, though it’s a long-term project.
This Week: Janus/SS&C; Wolters Kluwer; Tora/Neptune; Standard Chartered/Northern Trust; SimCorp; & More
A summary of some of the past week's financial technology news.
RBC Taps Salesforce and Others for Broker, Wealth Custody Platform
The full platform, leveraging an open API architecture and multiple third-party providers, will enter beta testing in early 2021.
Point Break: How Vendors Push Their Products to the Limit
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.
Platts Unveils Trade Vision API for Natural Gas Price Submitters
The latest release builds off of lingering automation needs within last year's phase-one Trade Vision database launch.
Waters Wrap: S&P-IHS Markit and the Land of Giants (Also, More on AML Tech)
Anthony provides some of his initial questions and thoughts following the S&P-IHS Markit deal. He also takes a second look at AML technology after getting some sage feedback.
TradingHub Looks to Analyze Aggregated Client Data to Improve Market Abuse Risk
The service would aim to allow buy-side firms to proactively monitor for trading abuse, rather than react after the event.
IBM Bets on Cloud & Containerization to Win Over Investment Banks
After its acquisitions of Red Hat and Promontory, IBM is looking to expand its footprint in the capital markets through containerization, as well as reg reporting in the cloud.
Fidelity Quietly Shutters ActionsXchange; Low Margins of Corporate Actions Biz Blamed
Officials remain silent on the closure, which has been in the works since last year, sources say.
Northern Trust Turns to DLT for the Future
Distributed-ledger technology will help ensure asset safety and allow custodians to provide more value to clients using AI and analytics.