Buy-Side Technology
People Moves: Canoe Intelligence, Transcend, Clear Street, Gresham Technologies, and more
A look at some of the key "people moves" from this week, including Vishal Saxena (pictured), who joins Canoe Intelligence as chief technology officer.
Waters Wrap: Owning the data & doing something unique with it—the ultimate alchemy
Based off of Max Bowie’s recent deep-dive feature, Anthony says that the world of alt data M&A—and the factors that drive these deals—is likely to change in the near future. For an analogy, just look to sushi.
Google-Greenwich: Financial firms agree on cloud's ubiquity, but vary widely on use cases
New research highlights predicted growth areas for cloud computing—and the tools it enables, such as AI and machine learning—in the capital markets. Spoiler alert: Google says cloud is becoming as ubiquitous as the search giant itself.
This Week: Macrobond/FactSet, Tradweb, Bloomberg, DTCC, and more
A summary of some of the past week’s financial technology news.
Alt data’s second inning: Brace for a long M&A game
The alternative data sector is still relatively nascent, and as such buy-side firms have struggled with how best to incorporate these non-traditional sources of information. While sources say that there will be continued M&A in the market, how those…
Sell side pushing for bilateral connectivity for fixed income
Fixed-income liquidity providers, battling tighter margins, want to execute directly with clients, but are buy-side and tech firms willing to absorb the connectivity costs?
This Week: S&P Global Market Intelligence, SimCorp, SS&C, Six, and more
A summary of some of the past week's financial technology news.
Ion expands into OTC markets with Clarus deal
With the deal, the tech titan adds real-time swaps margin analytics to its post-trade services for listed derivatives.
People Moves: SunTec, Broadridge, HKEX, Northern Trust, and more
A look at some of the key "people moves" from the past week, including Leon Stavrou (pictured), who's been promoted to head of business in Australia and New Zealand at Northern Trust.
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.
Two Sigma building quant tools to hunt real estate bargains
The information-rich market offers “trillions of dollars of opportunity”, says the firm’s data chief.
Miax preps ‘Virtual Trading Floor’ of data tools to grow investors, market-makers
The options exchange operator hopes to make it easier for participants to translate data into context and insight, and to broaden participation from new market sectors.
MarketAxess builds out flagship e-trading platform for loans functionality
The platform operator plans to extend its all-to-all corporate bond trading expertise to the loan market, which lags other fixed-income instruments in both tech adoption and the level of transparency.
IM phases five and six collide as buy side delays readiness
More than 1,000 segregated accounts for uncleared margin may still need to be opened post-deadline.
Waters Wrap: A whole new way of looking at data spend (And CME-Cboe thoughts)
As brokers start to explore various forms of self-service models, Anthony wonders if this could lead to a complete rethink of how commercial terms and contracts are structured for adding on new datasets.
AI helps one investor screen targets against UN ethical goals
PanAgora has developed a two-stage process that aims to weed out the greenwashers.
‘Connect’ schemes will force Chinese buy side IT overhaul
Initiatives that provide greater access to international markets, like the Stock Connect and Bond Connect programs, will drive change at Chinese asset managers struggling with legacy trading technologies.
Risky business: Moody’s attempts to carve out space in overrun ESG market
In the past two years, Moody’s Analytics has acquired four vendors that the ratings specialist hopes to integrate for ESG offerings in a crowded market.
The market data vending machine: The pros and cons of self-service procurement
Brokers and exchanges have begun rolling out “self-service” portals that allow clients to choose data and services on an a la carte basis. Opinions vary on whether they are the Holy Grail or a poisoned chalice.
Not a drill: Alt data providers push oil and gas for investment
As the oil and gas industries say they're “greening” operations, vendors are offering ESG data and metrics to help investment professionals understand future risks and financial returns.
This Week: SmartStream, DTCC, Ion, State Street, and more
A summary of some of the past week’s financial technology news.
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.
Waters Wrap: Can interop connect the bond market better than consortiums? (Yes)
Anthony says that if trading firms want to take advantage of new datasets in fixed income and advancements in machine learning, they’re going to first have to embrace interoperability.