Coalition Greenwich
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.
LSEG's Proposed Refinitiv Deal: It's About More Than Just Market Data
What does the bourse’s planned purchase of the data giant mean for clients and the industry going forward?
Trade Finance as an Asset Class: Rough Seas Ahead
As global banks seek to promote trade finance as an investable asset class to the buy side, the sector’s lack of technology and data infrastructure have come to light.
US SIPs Must Evolve or Face Uncertain Future
Traditionally, the core of the US market data ecosystem has been the SIP feeds that consolidate data from all US exchanges. But as the cost of exchange data continues to rise, some firms are finding the US consolidated tapes to be a SIP that’s hard to…
Bond Trading Takes Steps to Resolve Voice and Screen Conflict
With Mifid II's deadline in the rear-view mirror, Hamad Ali gives a "State of the Union" for the fixed-income market and electronic trading platforms.
Data, Research Vet Ross Moves to Greenwich
Ross joins Greenwich Associates after more than 25 years woirking in capital markets data, technology and research roles.
Open Platform: Starting Blocks and Auction Blocks - The Importance of a Strong Start and Finish in Setting Prices
Oliver Albers, vice president of Global Information Services at Nasdaq, argues the case for the value of opening and closing auction processes, and the value of the data they create.
Firms Drag Heels on MiFID II Research Rulebook Rewrite
MiFID II’s ban on broker-subsidized free research will leave sell-side firms with a multitude of challenges—not least how to price research so as not to lose customers who might direct trading elsewhere, without appearing to incentivize clients to trade…
Mifid II's Impact on Fixed-Income Trading Sharpens
From trade reporting to best execution requirements, the fixed-income market is going to change in 2018...but what that change will look like is still to be determined.