This Week: MEMX; Paxos/Credit Suisse/Instinet; Blue River; CJC/TREP & More
A summary of some of the past week's financial technology news.
MEMX Releases Launch Timeline
The Members Exchange (MEMX) has released its launch timeline. Key dates include May 11 (platform testing begins); June 1 (member certification begins); June 6 and June 20 (user acceptance testing begins); and July 24 (the planned date for the exchange to officially launch). Click here to read CEO Jonathan Kellner’s full plan for the coming months.
Additionally, Kellner and Tom Fay, chief operating officer, recently joined the Waters Wavelength Podcast to talk
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More on Emerging Technologies
BNY CEO updates on ‘platform’ operating model, AI rollout
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NZX outlines plans to bolster fast-growing dark pool
Since launching one year ago, NZX’s dark book has 5.5% of the exchange’s total turnover, and price improvement per trade on average is 11 basis points, but the exchange has more in store.
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Agentic AI comes to Bloomberg Terminal via Anthropic protocol
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M&G Investments braves cost headwinds in pursuit of AI
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Droit awarded patent, US CT plan shapes up, Chicago traders go to court, and more
The Waters Cooler: TNS expands 24x5 trading, SIX and Pictet complete a token pilot, and an Asic probe spells more trouble for ASX in this week’s news roundup.
GenAI too risky for collateral processes
The technology has been heralded as game-changing for other areas of finance, but its potential to hallucinate may disqualify it from sensitive settlement procedures.
Waters Wavelength Ep. 324: A philosophical conversation about AI
This week, Reb and Nyela discuss BNY’s digital workers, and what the use of AI in society signals for the future.