Waters Wrap: Big Tech takes control of cutting-edge encryption (And consortium flat circles)
In addition to growing their cloud presence in the capital markets, Big Tech companies are, unsurprisingly, taking the lead on encryption and security in the cloud. Anthony sees positives and negatives. He also looks at bank-led consortiums.
Before we get to my thoughts, Max Bowie wrote that as markets for trading stock in privately-held companies become more prevalent and exchange-like, and potentially attract more investors, this will impact fully-fledged exchanges and their offerings, which could lead to M&A activity. That opinion piece is based on a 4,200-word yarn about the data and infrastructure challenges that exist, which have kept private stocks opaque, illiquid, and behaving differently from public markets, though that’s
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