Canada
In data expansion plans, TMX Datalinx eyes AI for private data
After buying Wall Street Horizon in 2022, the Canadian exchange group’s data arm is looking to apply a similar playbook to other niche data areas, starting with private assets.
Can the EU and UK reach T+1 together?
Prompted by the North American migration, both jurisdictions are drawing up guidelines for reaching next-day settlement.
Start-up FinChat aims to disrupt research space using GenAI
Since launching amid the GenAI mania last spring, FinChat has been buoyed by its use of AI in sourcing its data.
All eyes turn to North America as T+1 arrives
As T+1 settlement becomes a reality in North America, long-lingering questions will get their answers.
BMO’s cloud migration strategy eases AI adoption
The Canadian bank is embracing a more digital future as its cloud strategy makes gains and it looks to both traditional machine learning and generative AI for further augmentation.
Canada’s triparty repo launch aims to fill C$60bn void
Test trades on TMX/Clearstream platform represent “quantum leap” for creaking funding markets.
Prepare now for the inevitable: T+1 isn’t just a US challenge
The DTCC’s Val Wotton believes that firms around the globe should view North America’s move to T+1 as an opportunity—because it’s inevitable.
Bloomberg updates risk analytics platform to cope with FRTB regional shifts
The data giant is also rolling out updates for climate risk and asset liability management on its platform.
TMX advances plans to launch US equities ATS
New trading solutions and market data sources underpin the Canadian exchange group's growth strategy.
BMLL adds Canadian data amid global expansion strategy
The market data vendor plans to add more equities and futures exchanges in 2024.
RBC outlines hybrid cloud strategy, eyes genAI use cases
Technological innovation doesn’t always reap promised rewards. RBC’s head of cloud engineering talks about why the Canadian bank’s hybrid cloud strategy worked, and how it is approaching generative AI.
Broadridge’s LTX looks to GenAI as it competes for market share
LTX has pinned its hopes of breaking into the fixed-income market on innovative use of AI. But how successful has its approach been, and what is it up against?
TMX, CanDeal strike deal for Canadian benchmark transition
Canada is one of many countries moving away from opinion-based benchmarks like Libor in favor of alternatives based on observable trade data. TMX and CanDeal are working to deliver a new rate which will take over as Canada’s official loan benchmark next…
Waters Wrap: The DTCC, Cusip and questions of a monopoly
While the companies that oversee Cusips find themselves embroiled in a lawsuit, Anthony questions where the DTCC stands in this unfolding drama.
Where does Pyth fit in?
A small number of exchanges have joined the Pyth Network. Nyela wonders whether the on-chain data distribution model fits in with the swift rise of data marketplaces.
TMX embarks on data diversification and expansion play with WSH buy
The Canadian exchange is the latest to acquire a data vendor business, bringing non-exchange content to help it grow its data assets.
BMO CIO: Open source boosts internal risk platform performance
The bank’s proprietary solution uses Apache Spark to calculate forward-looking loss scenarios in its loan portfolios.
People Moves: UKEF, RBC, Plenitude and more
A look at some of the key people moves from this week, including Samir Parkash (pictured), who becomes UK Export Finance’s interim chief executive officer.
New study shows mainframes still popular despite the rise of cloud—though times are changing…fast
A whitepaper from the DTCC and Celent finds that 67% of buy- and sell-side firms hope to be “cloud first” by 2024, but mainframes still part of the equation.
The newest trade repository in town preps for uphill battle
Ex-head of CME Group’s repository services looks to disrupt regtech with his startup, recruiting talent from market structure firms that have scaled back regulatory reporting businesses.
Retooling repo: How Broadridge, Bloomberg, Tradeweb, and JP Morgan are modernizing repurchase agreements
From brokers to trading platform providers, players in the repo market are focused on initiatives around reducing settlement fails, increasing automation, and streamlining operations.