This Week: Turquoise, OpenFin & FlexTrade; Anna, FTSE Russell, and more
A summary of some of the past week’s financial technology news.
People Moves: Tradeweb, BondLink, Boosted.ai, Transcend, and more
A look at some of the key "people moves" from this week, including Devi Shanmugham (pictured), who joins Tradeweb as global head of compliance.
Funds urged to scrutinize outsourcing models to reduce data leakage
Asset managers can choose from a range of trade-outsourcing models, but some traders say certain providers’ data-sharing techniques carry greater risk of information leakage.
S&P/IHS Markit: OPIS Faces Spin-Off; Cappitech Beefs Up Regtech Frontline
Commonalities between the two firms' commodities pricing units bring them under regulatory scrutiny as they move closer to an acquisition deal. At the same time, it appears that IHS will lean into the regulatory reporting space.
Waters Wrap: Machine-Learning Models Suffer from Covid (And Exchanges in the Cloud, Pt. 2)
Anthony says that while machine-learning models have been hit-and-miss during the pandemic, NLP is taking on greater importance. He also looks at how exchanges are looking to move their core matching engines to the cloud.
Waters Wrap: After Much Hype, Chatbots Start a New Conversation (And EU CT Ramblings)
Anthony takes a look at some interesting chatbot use cases that are beginning to bear fruit.
Jefferies' Quant Team Builds Chatbot For Faster Equities Trading
In minutes, JEFQuants compiles information from multiple sources into a unique data package based on traders' queries.
Thinknum Seeks to Grow Alt Data ‘Community’
The vendor has created a group with about 1,000 members. Its next live meeting will be March 10.
This Week: JP Morgan/Limeglass, Trumid/Citi, Numerix, ExpandAlpha
A summary of some of the past week's financial technology news.
Andrew Shortland To Steer International Expansion at Trade Informatics
The vendor's first local office outside the US is London, with plans for regional presences elsewhere in Europe and Asia.
The New Oil Rush: An Examination of the Alternative Data Market
Banks are looking to cash in on the alternative data boom, but an in-depth investigation of the alternative data market shows that they may be in for an uphill battle to claim territory.
J&J Taps Deutsche Exec for Compliance Consulting
Montagnino has held a range of compliance and surveillance-related roles at banks and trading firms.
Fintech Fever Grips M&A with Fidessa Acquisition Offer
Temenos looks set to snap up the London-based vendor with a billion-pound deal as 2018 becomes white-hot for mergers and acquisitions.
Neptune Adds Nomura, Jefferies to Bond Utility Network
Collaborative network for pre-trade bond indication sharing adds Nomura and Jefferies to liquidity pool.
Qineqt Expands NY Team to Fuel Growth
Crespy spent 18 years at Bloomberg, some of it alongside Qineqt chief product officer Sara Noble.
Goldman-Led Consortium Unveils Symphony Communication Services
In what's seen as an effort to compete with the likes of Bloomberg, Thomson Reuters and Markit, Goldman Sachs and 13 other industry partners have invested in a new company called Symphony Communication Services Holdings, after it acquired Perzo Inc.,…
Top Banks, Hedge Funds Buy Perzo Messaging Platform for $66M
A consortium of 14 major financial firms has acquired Palo Alto, Calif.-based messaging platform provider Perzo and renamed it Symphony with a $66 million investment to provide an open-source, secure and compliant messaging platform for financial…
Jefferies Joins SGX as Clearing, Trading Member
US investment bank Jefferies has joined the Singapore Exchange (SGX) as a clearing and trading member, making the partnership its first derivative exchange membership in Asia.
Opening Cross: Enterprise Messaging to Enterprise Management—It’s About Broadening Appeal
Pity my colleagues in London: Last Tuesday, workmen severed an ISDN cable in the street outside our office, cutting off all internet, phone, email and server access. Then on Wednesday, an explosion at an adjacent power sub-station forced a building…
Jefferies Joins Markit Collaboration Services Messaging Network
Investment bank Jefferies has joined Markit Collaboration Services, the open messaging network initiative developed by data vendor Markit that allows financial professionals to communicate and share information across communication platforms.
Navigating Data Transparency
Data managers should confront the question of how to use new technologies and methods to make data transparent even under proprietary processes and climates
2013 Review: OTC Derivatives Electronification Prompts Flurry of Data Capture, Reporting Activity
As result of a subdued global equities market, 2013 saw an uptick in over-the-counter derivatives trading. According to the Bank for International Settlements, the total national value of the OTC derivatives markets reached almost $700 billion in June…
Jefferies Selects Bloomberg Vault for Information Management
Investment bank Jefferies has selected Bloomberg Vault to handle its enterprise information management requirements, ahead of incoming regulatory obligations regarding record keeping and data retrieval.