Waters Wrap: Snowflake’s cloud plans and what they mean for the interop movement

Upstart Snowflake hopes to be the global data network that brings true interoperability between data and trading platforms across the capital markets. Anthony says it’s an audacious plan, but one worth watching.

One of the more interesting companies to enter the capital markets space in recent years—in my opinion, anyway—has been Snowflake. For proof, just look at some of its recent wins.

Last year, it was announced that Snowflake would power BlackRock’s Aladdin Data Cloud, State Street’s Alpha Data Platform, FactSet’s outsourced data mapping platform Concordance, Citi Securities’ post-trade revamp, and Northern Trust’s data-sharing initiative for asset servicing. Among others, it counts clients such

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