News
FCA eyes equities tape, OpenAI and Capco team up, prediction markets gain steam, and more
The Waters Cooler: More tokenization, Ediphy lawsuit updates, Rimes teams up with Databricks, and more in this week’s news roundup.
Buy-side data heads push being on ‘right side’ of GenAI
Data heads at Man Group and Systematica Investments explain how GenAI has transformed the quant research process.
Jump Trading spinoff Pyth enters institutional market data
The data oracle has introduced Pyth Pro as it seeks to compete with the traditional players in market data more directly.
FCA files to lift UK bond tape suspension, says legal claims ‘without merit’
After losing the bid for the UK’s bond CT, Ediphy sued the UK regulator, halting the tape’s implementation. Now, the FCA is asking the UK’s High Court to end the suspension and allow it to fight Ediphy’s claims in parallel.
Treasury market urged to beef up operational resilience plans
NY Fed panel warns about impact of AI and reliance on critical third parties.
Technology alone is not enough for Europe’s T+1 push
Testing will be a key component of a successful implementation. However, the respective taskforces have yet to release more details on the testing schedules.
EY and Microsoft partner to bring agentic AI to risk management
The two firms are part of a deal to bring agentic AI processes to core operations like lending, servicing and risk, starting at Eurobank.
T. Rowe taps Genesis, Cusip lawsuit, FanDuel-CME tie-up, and more
The Waters Cooler: Tokenization and private markets, EuroCTP-BMLL, StateStreet-PriceStats, and more.
Fintech proposes borrowing AI standard from autonomous cars
Amid the rapidly growing use of financial AI, startup Martini.ai urges industry practitioners to coalesce around a common language to measure their progress and understand their own projects and capabilities.
Plaintiffs propose to represent all non-database Cusip licensees in last 7 years
If granted, the recent motion for class certification in the ongoing case against Cusip Global Services would allow end-user firms and third-party data vendors alike to join the lawsuit.
Buy-Side Technology Awards 2025: All the winners and why they won
Below are the 39 category winners making up the 2025 Buy-Side Technology Awards.
LSEG and Nasdaq partner, MarketAxess’ new auctions, TXSE raises $250M, and more
The Waters Cooler: UBS executes its first tokenized fund transaction, LNRS opens APAC datacenter, MayStreet hits back in court, and more in this week’s news roundup.
Former Neudata employee sues for discrimination
The former head of ESG and macro data has claimed unlawful discrimination in violation of New York laws, while Neudata “strongly” disputes the allegations.
MayStreet founder says LSEG abandoned integration in new court filing
In response to LSEG’s motion to dismiss a lawsuit filed by the founder of one of its acquired companies, lawyers for Patrick Flannery have offered more details around communications between MayStreet and the exchange group.
People Moves: Fitch, UBS, Cboe, S&P Dow Jones, ING, Standard Chartered, and more
A look at the past month’s people moves in the capital markets tech and data space.
SS&C’s Bill Stone: RPA still important for agentic endeavors
The fintech is leaning on almost four decades in financial services and its many acquisitions to power AI deployment and meet the market’s needs.
S&P shutters NMRF solution amid audit questions
Vendors face adverse economics due to a low number of IMA banks and prospects of regulatory easing.
LLM firms come for finance, BMLL gets bought, LSEG users get Preqin feeds, and more
The Waters Cooler: Tradeweb completes fully electronic RFM swaptions trade, IBM cashes in on digital asset mania, and more frights and delights in this week’s news roundup.
Row breaks out over cause of FX settlement fails
One European bank blames T+1 for a 50% jump in FX fails, but industry groups dispute the claims.
SIX, ViaNexus build market data platform to unite data consumers, producers
The assets that formerly comprised IEX Cloud will underpin a new market data platform that hopes to give SIX Group and its data consumers a closer, more controlled relationship.
MSCI CEO: Vendor ‘feverishly’ infusing ‘every aspect’ of MSCI with AI
Additionally, while the vendor’s new private credit tools haven’t yet translated into outsized sales revenue, Henry Fernandez says “they will” in the future.
TMX’s CEO wonders if tokenization is a ‘solution looking for a problem’
While acknowledging the potential of tokenizing securities, John McKenzie said regulators shouldn’t move too fast, and let customer demand drive adoption.
Experts urge banks to prep for quantum’s reckoning
Mathematicians across the world warn that current encryption methods will be crackable by quantum computers inside the current decade, but banks have been reluctant to prepare.
DTCC revamps tech abilities following global reporting overhaul
The Repository & Derivatives Services unit is implementing new technologies to help its clients keep up with changing reg reporting regimes.