Oh, Canada ... YOU’RE KILLING ME!

When you write for a monthly magazine, where you have to close each issue more than a week before the first of the following month, the greatest concern you have is that the information included in your story will be outdated by the time it hits the readers’ hands.
So with that in mind, I'd like to send a big, "Thanks for nothing, Canada!" to my neighbors to the North; you really screwed me this month!
In a single week, my July profile of CNSX Markets—which featured CEO Ian Bandeen and vice president of corporate development Richard Carleton—was riddled with old news. First, and most important to the story, it was announced that Bandeen was stepping down from his role and that Carleton would take over as the interim CEO.
This was problematic, but it could've been worse. When I pitched the story idea to the CNSX—back in March, mind you—I asked only to speak with Bandeen. The CNSX said that would be fine, but that they would like Carleton to be involved. I should've known what was coming.
Fortunately, this change happened just before we sent the magazine to the printers, and we were able to get a little blurb in about the switch. And, really, it wasn't so bad, because now I have two CEOs on the cover, instead of just one.
But I wasn't able to account for the London Stock Exchange–TMX Group merger debacle. When doing the background reporting for the CNSX story, I asked multiple analysts and industry participants whether they thought the deal would go through—most people said they thought it would. But this week, all the strings started to unravel, and on Wednesday, it was announced that the deal was dead.
C'est la vie; these things happen. Hopefully, you'll still enjoy the piece—which is focused on the CNSX's history and the IT upgrades it is currently working on. And if you don't? Well, then you're probably Canadian and I'm mad at you anyway.
To be honest, this whole thing has made the Boston Bruins winning the Stanley Cup that much more bearable. (OK. Now we're even.)
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Chief investment officers persist with GenAI tools despite ‘blind spots’
Trading heads from JP Morgan, UBS, and M&G Investments explained why their firms were bullish on GenAI, even as “replicability and reproducibility” challenges persist.
Wall Street hesitates on synthetic data as AI push gathers steam
Deutsche Bank and JP Morgan have differing opinions on the use of synthetic data to train LLMs.
A Q&A with H2O’s tech chief on reducing GenAI noise
Timothée Consigny says the key to GenAI experimentation rests in leveraging the expertise of portfolio managers “to curate smaller and more relevant datasets.”
Etrading wins UK bond tape, R3 debuts new lab, TNS buys Radianz, and more
The Waters Cooler: The Swiss release an LLM, overnight trading strays further from reach, and the private markets frenzy continues in this week’s news roundup.
AI fails for many reasons but succeeds for few
Firms hoping to achieve ROI on their AI efforts must focus on data, partnerships, and scale—but a fundamental roadblock remains.
Waters Wavelength Ep. 330: AI hot takes
It’s Shen and Reb this week talking about AI and the landscape for fintech partnerships.
Is 2027 the new 24-hour trading target?
Slew of technical issues and dearth of SEC staff compound exchanges’ reluctance for round-the-clock equity trading.
Fintech powering LSEG’s AI Alerts dissolves
ModuleQ, a partner and investment of Refinitiv and then LSEG since 2018, was dissolved last week after it ran out of funding.