Data Management
Waters Wrap: Snowflake’s cloud plans and what they mean for the interop movement
Upstart Snowflake hopes to be the global data network that brings true interoperability between data and trading platforms across the capital markets. Anthony says it’s an audacious plan, but one worth watching.
Collaborating to innovate: Franklin Templeton builds out internal/external fintech programs
The asset management giant is strengthening its investment management and data science initiative to streamline innovation within the firm.
New datasets illuminate risky ‘pledged securities’ for investment analysis, due diligence
Until now, information around this opaque type of dataset has been hard to find, though it’s becoming increasingly important to financial analysts.
Waters Wrap: Blockchain & Boca—A sad story
Anthony takes issue with how blockchain is still being covered in the media and at industry conferences. What else is new?
Exchanges, vendors reinvent inventory management platforms to enable sales
Data sources are realizing they can leverage end-user inventory management tools to streamline their side of the data sales and licensing process.
Mifid data vendors face 4,000% supervisory fee hike
‘Cost of Esma’ crisis for largest European regulated data reporting and publishing firms.
People Moves: Saxo Bank, Eventus Systems, TickSmith, and more
A look at some of the key "people moves" from this week, including Barry Raskin (pictured), who joins TickSmith as head of the vendor’s data practice.
UBS turns to containerization for its cloud dev ops, security strategies
As the bank has moved 33% of workloads to both public and private clouds, UBS spent the past 12 months building out its enterprise security controls as part of its containerization efforts.
Bloomberg relaunches corporate actions platform
As a major player exits the corporate actions data vendor arena, Bloomberg is continuing to enhance its data offering while the market braces for a shake-up.
House bill looks to back up SEC market data efforts
Congress is stepping into the US equity market data debate as the DC Circuit Court of Appeals considers dismissing the SEC’s initiatives.
People Moves: Cboe, Broadridge, DTCC, Liquidnet, and more
A look at some of the key "people moves" from this week, including Stephanie Renner (pictured), who has been named senior vice president of international finance at Cboe Global Markets.
Waters Wrap: As M&A heats up, integration concerns mount
In the order and execution management space, and in the mid-tier market data platform provider space, there’s been a fair amount of M&A activity in recent years. Anthony looks at why some market observers are worried about this consolidation.
MarketAxess rolls out DataBP's self-service portal to simplify market data licensing
MarketAxess is looking to scale its business and launch new offerings by leveraging DataBP's platform, which utilizes API and cloud-based technology, to optimize its management of post-sales relationships and market data.
People Moves: Cboe, State Street, Sifma, Arria NLG, and more
A look at some of the key "people moves" from this week, including Mark Goodey (pictured), who joins Arria NLG as managing director and innovation strategist.
Brokers eye regulatory info as growth dataset to ease banks’ compliance burden
For years, inter-dealer brokers have provided price data on the markets in which they broker trades. Now, they spy a new growth opportunity—providing tailored datasets of clients’ trading activity to help them comply with a growing and increasingly…
EDM Council pegs market adoption of CDMC framework at 3 years
Six months after the EDM Council released its guidelines for managing sensitive data in the cloud, some new names have joined the effort, and the trade body is seeking companies to join its authorized partner program.
Goldman Sachs, DTCC execs dissect implications of SEC’s ‘ambitious’ settlement timeline
Conflicting time zones, potential re-papering, and weak standards are just some of the hurdles that must be overcome to move trade settlement times to T+1 or even to T+0—all potentially before Q1 2024.
Partnerships—Making the Data Industry Go Around
Exchange partnerships play a pivotal role across the capital markets by providing investors with data they wouldn’t ordinarily have access to, while simultaneously streamlining the legal and operational complexities associated with accessing that new…
As cybersecurity policy takes shape, are data vendors next in SEC's sights?
New rules target a range of players in the capital markets, from broker-dealers to trading venues, and the agency could be coming for data and analytics vendors and index providers.
Second class-action lawsuit targets Cusip’s ‘monopoly’ on identifiers
Days after a first class-action suit took aim at Cusip, S&P Global, the American Bankers Association, and FactSet, another plaintiff has filed a complaint alleging that the quartet of companies violated the Sherman Antitrust Act, as well as certain…
People Moves: BNP Paribas, HKEX, Broadway, BMLL, and more
A look at some of the key people moves from this week, including Tim Baker (pictured), who joins BMLL as senior advisor.
All about the integration: Melding tech is key to getting full value from vendor M&A
Recent tech and data M&A deals aren’t just about acquiring clients or 'bolt-on' solutions, but will yield longer-term gains through granular integration of the vendors’ product lines and technologies.
Waters Wrap: Questions raised by Cusip lawsuit
An investment bank and an asset manager have filed a class-action lawsuit against Cusip Global Services, S&P Global, the ABA and FactSet. Anthony explores some of the questions that such a suit raises.
As sanctions increase, banks struggle with growing compliance burden
Firms must get data management and compliance culture right if they really want to keep their books clean of crooks and sanctions-dodgers, and keep their reputations and bottom lines clean of regulatory fines.