Intercontinental Exchange
EuroCTP wins again, Fanatics teams up with BGC, Clarity Act’s uncertain future, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
NYSE files with SEC to join DTC’s tokenization pilot
Proposal mirrors one filed by Nasdaq last fall to allow investors to choose whether a security is cleared and settled in tokenized form.
The public market data formula is coming to private markets
As interest in private markets grows, S&P Global, Bloomberg, and ICE are including increasingly valuable data in their offerings.
Florida and folly: Boca attendees forecast the future of market structure
Prediction markets, 24-hour trading, and tokenization were the topics du jour at FIA Boca this year, indicating that markets are getting more comfortable with the unconventional.
Sprecher says ICE will expand positioning in crypto, prediction markets
Jeff Sprecher, CEO of ICE: “We have two new [chairmen at] the SEC and CFTC that are working to try to pull the entrepreneurship in the wild west into the financial system.”
Esma supervision proposals ensnare Bloomberg and Tradeweb
Derivatives and bonds venues would become subject to centralized supervision if the proposed reforms go through.
Reddit fills gaping maw left by Twitter in alt data market
The IMD Wrap: In 2021, Reddit was thrust into the spotlight when day traders used the site to squeeze hedge funds. Now, for Intercontinental Exchange, it is the new it-girl of alternative data.
ICE to seek tokenization approval from SEC under existing federal laws
CEO Jeff Sprecher says the new NYSE tokenization initiative is not dependent on the passage of the US Clarity Act.
Everything you need to know about market data in overnight equities trading
As overnight trading continues to capture attention, a growing number of data providers are taking in market data from alternative trading systems.
The US Treasury market preps for plumbing overhaul
Changes are coming to the US Treasury market with potential new clearing houses, access models, and more flow as the industry gets ready to meet the SEC’s first deadline for central clearing.
24/7 trading roll-out risks pushback, industry veterans say
DRW’s Wilson warns of “mutiny” on non-stop rate options trading.
Clearstream and SimCorp team up, Bloomberg goes dark, TT expands FX coverage and more
The Waters Cooler: Google’s AI mishaps, a new liquidity source for ASX customers, and new integrations can be found in this week’s news roundup.
ICE’s snowball effect: Intercontinental Exchange keeps leash tight on infrastructure
Voice of the CTO: Stuart Williams talks about why the exchange has been so adamant about “controlling” its infrastructure and technology, and how that helped it manage intense market volatility.
ICE eyes year-end launch for Treasury clearing service
Third entrant expects Q2 comment period for new access models that address ‘done-away’ accounting hurdle
Stocks are sinking again. Are traders better prepared this time?
The IMD Wrap: The economic indicators aren’t good. But almost two decades after the credit crunch and financial crisis, the data and tools that will allow us to spot potential catastrophes are more accurate and widely available.
Is overnight equities trading a fad or the future?
Competition is heating up in US equity markets as more venues look to provide trading from twilight to dawn. But overnight trading has skeptics, and there are technical considerations to address.
Opra considers ‘dynamic load balancing’ for options market
The data distributor recently completed a challenging project to build a 96-line feed. This new endeavor could prove just as challenging (but perhaps necessary) for the industry that will use it.
An inside look: How AI powered innovation in the capital markets in 2024
From generative AI and machine learning to more classical forms of AI, banks, asset managers, exchanges, and vendors looked to large language models, co-pilots, and other tools to drive analytics.
The Waters Cooler: ’Tis the Season!
Everyone is burned out and tired and wants to just chillax in the warm watching some Securities and Exchange Commission videos on YouTube. No? Just me?
The Waters Cooler: The Thanksgiving debrief
Maybe we shouldn’t use AI for EVERYTHING! I’m talking to YOU, Spotify!
The Waters Cooler: Tidings of comfort and joy
Christmas is almost upon us. Have you been naughty or nice?