News
Price gouging? New study finds market data providers consistently inconsistent in pricing, discounts
As the industry awaits the FCA’s findings from its Wholesale Market Data Study, end-users pin their hopes on the prospect of relief. But a new study from Substantive Research details the enormous pricing disparities that must be tackled.
BlackRock developing AI copilots for Aladdin
The world's largest asset manager hints at new AI assistants for investment management clients.
Bloomberg’s Figi extends crypto inroads
In partnership with data provider Kaiko, Bloomberg has rolled out identifiers for almost 8,000 crypto assets as institutions increasingly look for structure and uniformity in a maturing sector.
Citi details API for HKEX’s Synapse
New pieces of technology, like Synapse, assist Citi in migrating clients to newer technologies, and newer ways to settle and clear more efficiently.
Microsoft exec outlines ambitious capital markets strategy
As banks take a cautious approach to generative AI, Bill Borden believes Microsoft’s “copilots” will prove transformative in the capital markets.
Quant shop preps NLP-powered index for physical climate risk
Sharp rise in extreme weather events prompts PGIM Quant to aim for better climate-risk pricing
BMLL adds Canadian data amid global expansion strategy
The market data vendor plans to add more equities and futures exchanges in 2024.
People Moves: HKEX, Trading Technologies, CME Group, and more
A look at the past month’s people moves in the capital markets technology and data space.
This Week: Danske Bank/Netdania, Tradeweb/BlackRock, TMX, and more
A summary of the latest financial technology news.
AllianceBernstein: fine-tuning shrinks gen AI ‘hallucinations’
Asset manager says its tweaks have improved accuracy of LLM models.
Buy side unconvinced of corporate bond streaming benefits
Managers see limited utility of streamed prices in the once OTC-only asset class.
This Week: FlexTrade/BTON, Bloomberg, MarketAxess, Tradeweb, and more
A summary of the latest financial technology news.
Citi’s internal cloud project gets open-sourced
Through Finos, a project that started internally to help Citi get a better handle on its cloud controls now includes the likes of Goldman Sachs, Morgan Stanley, RBC, BMO and LSEG.
Millennium Management enlists Google for building custom tech solutions
Google Cloud’s capital markets director Rohit Bhat details the cloud giant’s buy-side strategy.
AI model uses quantum math to learn like a human
Could the next big breakthrough in machine learning come from the world of finance?
People Moves: Enfusion, Acadian, LSEG, and more
A look at the past month’s people moves in the capital markets technology and data space.
This Week: Nasdaq; Symphony/Google; Interop.io and more
A summary of the latest financial technology news.
What is Aladdin Trader? BlackRock’s fixed-income tool still a mystery
Sources tell WatersTechnology that Aladdin Trader will expand on the platform’s ‘limited’ execution functionality.
AFTAs 2023: All the winners and why they won
Here are the winners of the 30 categories in the 2023 American Financial Technology Awards. This year's multi-category winners are JP Morgan, Morgan Stanley, Goldman Sachs, Northern Trust and Wells Fargo.
Better tech brings threat of two-speed trading in fixed income
Smaller asset managers may get left behind as automation allows the big players to prosper.
This Week: SimCorp/Deutsche Boerse, Moody's, SS&C, and more
A summary of the latest financial technology news.
Can machine learning help predict recessions? Not really
Artificial intelligence models stumble on noisy data and lack of interpretability
Bulletproof building: DTCC, AWS debut app resiliency prototype
The cloud provider and industry utility have jointly released a prototype and guidelines for building resilient financial services applications.
This Week: Tradeweb, Broadridge, Genesis, and more
A summary of the latest financial technology news.