How Bloomberg’s Failed FIGI Vote Reveals a Substandard Standards Process

A failed ballot for a Bloomberg-backed identifier reveals the enormous consequences of industry tendencies toward complacency and cost-cutting.

Bloomberg doesn’t get outplayed very often.  Yet an attempt to get the Bloomberg-backed Financial Instrument Global Identifier (FIGI) accredited by the International Organization for Standarization (ISO) lost by a landslide vote in early 2019, a defeat that represents more than merely an unsuccessful push to get FIGI approved as a global standard. FIGI’s failure to become ISO-approved exposes the extraordinary passion and politics that surround standards, and demonstrates how firms’ unquenchable

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

Waters Wrap: Inside the mind of the CTO

After having one-on-one conversations with eight different senior bank technologists, Anthony explains how these execs look at innovation strategy from a philosophical perspective.

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