Greenwich Associates
2021: The year when Big Tech ‘Googled’ the financial markets and liked the results
Now that cloud has become widely adopted by financial firms, Big Tech companies are seeking to leverage their other services to become more ingrained in the workflows of the capital markets.
Post-trade in the cloud: Startup RQD aims to reimagine clearing
With the post-trade space poised for major change, startup clearing firm RQD says a new cloud-based platform will help it respond to client needs and new business opportunities.
Google-Greenwich: Financial firms agree on cloud's ubiquity, but vary widely on use cases
New research highlights predicted growth areas for cloud computing—and the tools it enables, such as AI and machine learning—in the capital markets. Spoiler alert: Google says cloud is becoming as ubiquitous as the search giant itself.
Sell side pushing for bilateral connectivity for fixed income
Fixed-income liquidity providers, battling tighter margins, want to execute directly with clients, but are buy-side and tech firms willing to absorb the connectivity costs?
MarketAxess builds out flagship e-trading platform for loans functionality
The platform operator plans to extend its all-to-all corporate bond trading expertise to the loan market, which lags other fixed-income instruments in both tech adoption and the level of transparency.
SEC’s CT Plan timetable is ‘unrealistic’
Implementing governance structure for new US public equities datafeeds within a year is highly unlikely, say industry observers.
Symphony taps Google for cloud, AI, data-sharing tools
By leveraging Google’s AI and data-sharing capabilities, Symphony is strengthening its ties with the tech giant, which is also an investor in the platform.
Exegy, Vela merge; say scale will fuel further acquisitions
The deal will create growth synergies between the vendors' trading systems, and provide an execution capability based on Exegy's trading signals.
Money.Net files Chapter 7 bankruptcy amid lawsuit
Despite a series of ambitious content expansion projects and senior hires, the low-cost vendor failed to win over institutional clients.
Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform
Sources say initiative is designed to fend off higher fees and disintermediation in case established multi-dealer platforms start trading CLOs.
US competing consolidators grapple with pricing uncertainty as SEC, exchanges battle over new Sip regime
Vendors who want to provide consolidated market data under the SEC’s new system can’t make plans until they know how they are going to be charged for market data. But the fee schedules are mired in legal action and confusion.
Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
Market participants say the price hikes reflect the struggle among regulatory reporting service providers to run sustainable and profitable businesses.
Advanced analytics ripe for no-code, low-code tools to enter the field
Jo predicts we will see a rise in no-code or low-code tools in the analytics space, but some barriers to scale remain.
Futures trading algos ripe for disruptive new entrants
Algorithm development specialist BestEx Research is making a play to address inefficiencies in futures trading algorithms.
People Moves: Liquidnet, Quandl, State Street, CloudMargin, Greenwich Associates, Mediant, GLMX
A look at some of the key people moves from this week, including Steven Nichols (pictured) who has been appointed head of NLP and unstructured data at Liquidnet.
Covid-19 Disrupts Innovation in US Treasuries Market
The pandemic has caused setbacks in electronification and streaming in the US government bonds market.
Banks Rent Ready-Made Algos for FX Trading
NatWest, XTX Markets and others are developing new outsourcing models for tech.
Waters Wrap: Unintended Consequences & AI Regulation (And Mobile Trading Reg & BERT NLP)
Due to the pandemic and rapid advancements in the fields of AI and mobile technology, regulators in the US and Europe have unique challenges on their hands.
Covid Could Cause US Regulators to Rethink Surveillance
Not having specific requirements and procedures for firms to refer to ended up putting some funds in a tough place during the pandemic’s early days.
Buy-side Firms Reject EMS Brokerage Charges
Some users favor a licence fee over per-trade charging—and have forced vendors to make the switch.
Pandemic Fuels New Wave of Surveillance Tech
Firms are investing in new solutions for monitoring the front office in lockdown conditions, but the latest technologies raise concerns about privacy and intrusion.
Alt Data Market Could Take Deep Hit Due to Coronavirus
If hedge funds and VCs tighten their spending in 2020—a likely outcome—it could be the alternative data market taking the brunt of the punishment.
This Week: Nasdaq, Trading Technologies/Nodal, Finantix, GLMX/UnaVista
A summary of some of the past week’s financial technology news.
The Rise of the Algo Wheel
An examination as to how the buy side is embracing algo wheels and where the challenges still remain.