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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Interop tech buys time for buy-side fixed-income traders

A few buy-side traders and portfolio managers spearheading a drive for greater interoperability are reaping the rewards of increased workplace efficiency. Is interoperability the fixed-income panacea the buy side has been looking for?

GenAI and HFT: A competitive edge?

Timing is critical in the capital markets. IBM researchers say genAI’s predictive abilities in combination with AI/ML models can translate into profitable HFT opportunities.

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