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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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

Once a blockchain cheerleader, Axoni changes its playbook

The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.

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