A Game of Strategy

ON BALANCE

This issue is all about strategy. How to grow—whether by buying or hiring—how to leverage new technology, how to deal with industry trends.

Let's take the last first. As discussed on page 1, the International Securities Exchange is taking the leap into the market data business. It already delivers its data to the market via the Options Price Reporting Authority, as do all US options exchanges. But the OPRA feed is restricted to "top of the market" data. In addition, the exchanges are limited in

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Study: RAG-based LLMs less safe than non-RAG

Researchers at Bloomberg have found that retrieval-augmented generation is not as safe as once thought. As a result, they put forward a new taxonomy to help firms mitigate AI risk.

Navigating the tariffs data minefield

The IMD Wrap: In an era of volatility and uncertainty, what datasets can investors employ to understand how potential tariffs could impact them, their suppliers, and their portfolios?

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