News
Kepler Cheuvreux builds proprietary execution platform with Adaptive
The broker wants to move away from third-party technologies as DORA’s risk management requirements could make vendor relationships more cumbersome.
This Week: Appital adds to book-building tool; SmartStream; TS Imagine and more
A summary of the latest financial technology news.
Facing platform shutdown, former IEX Cloud head buys its assets in 11th-hour bid
Tim Baker, Pedro Aguayo, and a silent partner have come together to purchase IEX Cloud’s assets days before the exchange was to retire all its products on August 31.
People Moves: Broadridge, ASX, State Street, Northern Trust, and more
A look at the past month’s people moves in the capital markets technology and data space, including Simon Robertshaw, who joins Broadridge as CTO for front-office trading capabilities.
New working group to create open framework for managing rising market data costs
Substantive Research is putting together a working group of market data-consuming firms with the aim of crafting quantitative metrics for market data cost avoidance.
Back to basics: Data management woes continue for the buy side
Data management platform Fencore helps investment managers resolve symptoms of not having a central data layer.
Banks fret over vendor contracts as Dora deadline looms
Thousands of vendor contracts will need repapering to comply with EU’s new digital resilience rules
This Week: Startup Skyfire launches payment network for AI agents; State Street; SteelEye and more
A summary of the latest financial technology news.
SS&C builds data mesh to unite acquired platforms
The vendor is using GenAI and APIs as part of the ongoing project.
This Week: Trading Technologies completes ANS deal; State Street; Equinix; and more
A summary of the latest financial technology news.
Interactive Brokers looks beyond US borders for growth opportunities
As retail trading has grown in volume and importance, Interactive Brokers and others are expanding international offerings and marketing abroad.
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
This Week: ICE Bonds and MarketAxess plan to connect liquidity networks, TS Imagine, Bloomberg, and more
A summary of the latest financial technology news.
Industry associations say ECB cloud guidelines clash with EU’s Dora
Responses from industry participants on the European Central Bank’s guidelines are expected in the coming weeks.
Regulators recommend Figi over Cusip, Isin for reporting in FDTA proposal
Another contentious battle in the world of identifiers pits the Figi against Cusip and the Isin, with regulators including the Fed, the SEC, and the CFTC so far backing the Figi.
Cboe reports strong Q2 but misses target for data and access business
On its Q2 results call, Cboe detailed plans to increase 2024 revenue for its non-transaction business amid growth numbers that fell short of the company's stated expectations.
This Week: ISI buys EPFR; Bloomberg, Warsaw Exchange, Fenergo and more
A summary of the latest financial technology news
TMX’s indexing pivot bears first fruit
The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.
LSEG unveils Workspace Teams, other products of Microsoft deal
The exchange revealed new developments in the ongoing Workspace/Teams collaboration as it works with Big Tech to improve trader workflows.
People Moves: ING, Clear Street, CME Group, Sifma, and more
A look at the past month’s people moves in the capital markets technology and data space.
Kimsey debuts ‘Who bought what’ dataset to help vendors target sales
Kimsey Consulting’s latest report breaks down reported industry spend by client type, product type, and geography to help suppliers and investors pinpoint future sources of demand.
IBM report finds ‘shadow’ data significant contributor to data breaches
As AI and cloud take on greater importance in the capital markets, firms need to consider their threat impact zones.
Bloomberg adds AI earnings summaries to Apple Vision Pro app
The vendor continues to add content and functionality to its Bloomberg Pro for Vision app, which sits at the convergence of spatial and mobile computing.
This Week: FCA, Plato/Turquoise, Franklin Templeton, and more
A summary of the latest financial technology news.