New Frontiers
TRADING SYSTEMS
New York brokerage house Auerbach Grayson is lending its support to a new electronic agency brokerage that will provide traders with access to more than 90 countries for trading equities and equity derivatives. The cross-border effort, code-named Axes, will kick off a FIX-based pilot program this spring and will go live in the summer if all goes well.
As reported in Waters' sibling newsletter Dealing with Technology, Axes will deal in global equities and equities-related products and eventually
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Waters Wavelength Ep. 323: MarketAxess’s Chowdhury and Burke (plus some Cusip updates)
This week, Riad Chowdhury, head of Asia-Pacific, and Dan Burke, global head of emerging markets at MarketAxess, join to discuss block trading in fixed income. Plus Reb discusses her recent article about Cusip and updates on the class action lawsuit moving through the courts.
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Deutsche Bank casts a cautious eye towards agentic AI
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LLMs are making alternative datasets ‘fuzzy’
Waters Wrap: While large language models and generative/agentic AI offer an endless amount of opportunity, they are also exposing unforeseen risks and challenges.
Trading venues seen as easiest targets for Esma supervision
Platforms do not pose systemic risks for member states and are already subject to consistent rules.
