Emerging Technologies
JP Morgan gives corporates an FX blockchain boost
Kinexys digital platform speeds cross-currency, cross-entity client payments.
BlackRock further integrates Preqin, Nasdaq and Osaka Exchange partner, and more
The Waters Cooler: SGX remodels data lake, ICE seeks tokenization approval, TNS closes Radianz deal, and more.
ICE to seek tokenization approval from SEC under existing federal laws
CEO Jeff Sprecher says the new NYSE tokenization initiative is not dependent on the passage of the US Clarity Act.
Waters Wavelength Ep. 346: TS Imagine’s Andrew Morgan
This week, Andrew Morgan of TS Imagine talks with Wei-Shen about how fixed income trading behavior is changing.
State Street expands in Abu Dhabi, Etrading advances UK bond tape, and more
The Waters Cooler: Avelacom expands access into Argentina’s capital markets, Seven Points Capital opens a London office, and more in this week’s news roundup.
Re-examining Big Tech’s influence over the capital markets
Waters Wrap: A few years ago, it seemed the big cloud providers were positioning themselves to dominate the capital markets tech scene. And then came ChatGPT.
NYSE plans new venue, Levy leaves Symphony, and more
The Waters Cooler: MIAX sells (most of) its derivatives exchange, BNY integrates with Morningstar on collateral, and science delights in this week’s news roundup.
Identity resolution is key to future of tokenization
Firms should think not only about tokenization’s potential but also the underlying infrastructure and identity resolution, writes Cusip Global Services’ Matthew Bastian in this guest column.
Waters Wavelength Ep. 345: Patrick McGarry’s Ride to Remember
Tony speaks with Patrick McGarry, who is riding his bike across America to raise $100,000 for the Tunnel to Towers foundation and to honor his sister, Katie, who was at Waters’ inaugural conference on 9/11.
DTCC tests 24x5 trading, State Street launches digital asset platform, and more
The Waters Cooler: STG carves out S&P Global’s data businesses, Arcesium expands in Hong Kong, and Rimes partners with three vendors in this week’s news roundup.
Banks split over AI risk management
Model teams hold the reins, but some argue AI is an enterprise risk.
Waters Wavelength Ep. 344: Hot topics for 2026
Tony and Shen preview some of the topics they think will be big this year.
Fintechs grapple with how to enter Middle East markets
Intense relationship building, lack of data standards, and murky but improving market structure all await tech firms hoping to capitalize on the region’s growth.
SimCorp–MSCI expand partnership, quantum exploration, Dora concerns, and more
The Waters Cooler: Droit launches GenAI regtech tool, bids for EU OTC derivatives tape open, and more in this week’s news roundup.
The quantum leap: How investment firms are innovating with quantum tech
While banks and asset managers are already experimenting with quantum computing to optimize operations, they should also be proactive in adopting quantum-safe strategies.
‘The end of the beginning’: Brown Brothers Harriman re-invents itself
Voice of the CDO: Firms who want to use AI successfully better start with their metadata, says BBH’s Mike McGovern and Kevin Welch.
2026 will be the year agent armies awaken
Waters Wrap: Several AI experts have recently said that the next 12 months will see significant progress for agentic AI. Are capital markets firms ready for this shift from generative AI to agents?
Editor’s Picks: Our best from 2025
Anthony Malakian picks out 10 stories from the past 12 months that set the stage for the new year.
The next phase of AI in capital markets: from generative to agentic
A look at some of the more interesting projects involving advanced forms of AI from the past year.
Market data costs defy cyclicality
Trading firms continue to grapple with escalating market data costs. Can innovative solutions and strategic approaches bring relief?
As trading firms embrace AI, so do hackers
According to a Google cybersecurity report, cybercriminals are turning to AI to sharpen their attacks.
AI & data enablement: A looming reality or pipe dream?
Waters Wrap: The promise of AI and agents is massive, and real-world success stories are trickling out. But Anthony notes that firms still need to be hyper-focused on getting the data foundation correct before adding layers.
Waters Wavelength Ep. 343: Broadridge’s Jason Birmingham
This week, Jason Birmingham of Broadridge talks with Tony about the importance of fundamentals as technology rapidly evolves.
Data standardization is the ‘trust accelerator’ for broader AI adoption
In this guest column, data product managers at Fitch Solutions explain AI’s impact on credit and investment risk management.