New York
The IMD Wrap: Price you gotta pay
With regulators taking aim at data providers in the ongoing war over data fees, Max says that data doesn’t need to be free, but it should be transparent, that price increases should accompany increases in value, and that technology already exists to change the status quo.
People Moves: ICE, Qomply, Genesis, Symphony, Trumid, and more
A look at the past month’s people moves from the past month in the capital markets technology and data space.
The IMD Wrap: Talkin’ ’bout my generation
As a Gen-Xer, Max tells GenAI to get off his lawn—after it's mowed it, watered it and trimmed the shrubs so he can sit back and enjoy it.
Nasdaq says SaaS business now makes up 37% of revenues
The exchange operator’s Q3 earnings bring the Adenza and Verafin acquisitions center stage.
Data catalog competition heats up as spending cools
Data catalogs represent a big step toward a shopping experience in the style of Amazon.com or iTunes for market data management and procurement. Here, we take a look at the key players in this space, old and new.
Has cloud cracked the multicast ‘holy grail’ for exchanges?
An examination of how exchanges—already migrating to the cloud—are working to solve the problem of multicasting in a new environment.
The Cusip lawsuit: A love story
With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.
Bloomberg rolls out integrated alt data for Terminal users
The initial launch includes consumer spend and foot traffic geolocation data—pre-integrated with all the other data on the Bloomberg Terminal.
Nasdaq moves second matching engine to AWS cloud
The exchange and its cloud partner are encouraged by the smooth migration so far—and also by capacity and latency improvements from running in the cloud.
Antitrust complaint against Cusip can go forward, SDNY judge rules
The federal judge presiding over the ongoing class-action suit against Cusip Global Services, S&P Global, FactSet, and the American Bankers Association, has dismissed all complaints against the defendants except one alleging the quartet violated Section…
S3 Partners sues Ion’s Fidessa for breach of contract
The New York-based market data company has filed a complaint against Fidessa for failing to honor its agreement to invest up to $6.25 million into the business.
Bloomberg, Snowflake ally to accelerate cloud data adoption
Bloomberg has built an app in Snowflake’s cloud framework that will make it simpler and faster for Snowflake clients to populate their cloud-hosted tools with Bloomberg data.
Tomorrow’s institution cares more about its risk than its performance
Execs from BlackRock, BMO, and Ness Digital Engineering discuss the balancing act of the wildly shifting priorities each of their organizations contend with every day.
A fully cloud-hosted exchange is coming—but for now, one piece at a time
Execs from Google, LSEG and NYSE discuss how exchanges are beginning to leverage the true potential of the cloud.
From ChatGPT to BloombergGPT: In capital markets, who can make the most of large language models?
Capital markets are no strangers to hype machines. Among the buzz around generative AI, Nyela wonders who will be best suited to take advantage of the technology and deliver the right use cases to Wall Street.
After Xignite buy, ex-SunGard execs eye hedge funds, international markets for Quodd
Quodd’s recent acquisition of API data vendor Xignite will provide a springboard to launch the data vendor into new customer segments and markets.
Smashing barriers: How shortwave frequencies are making trading firms faster
Improvements in shortwave radio frequencies could be a leap forward in the latency race. But given the costs and technical challenges, is it worth the investment?
SEC’s $5M Bloomberg BVAL fine targets ‘dark magic’ in fixed income pricing
Recent actions against Bloomberg and Ice for violations relating to evaluated pricing services suggest the US regulator may be setting the stage for stricter regulations to govern the sector.
Putting a price on your head (of data): The ROI of a CDO
The chief data officer has become recognized as a key role in a financial firm’s ability to manage its data assets, and reduce costs and risk. So why is it also so notoriously short-lived?
The year identifiers wanted some attention too
Cusip! Figi! Isin! BTC! LEI! Taylor Swift? How did we get here and where do we go now?
OTC Markets rescues Edgar Online, plans ‘comprehensive’ US disclosure data service
Edgar Online’s new owners discuss their plans for the financial data and filings provider, and how owning the data will be key to expanding the range of services it can offer.
All the pieces fit: connecting trader voice and messaging across workflows
Cloud9 expands Symphony's communication channels to trader voice, in an effort to simplify workflows as Wall Street struggles with compliant communications.
Symphony wants to be Wall Street’s phone book—but smarter
As Symphony strays further from its original purpose of being a chat platform, WatersTechnology sat down with Brad Levy at this year’s Innovate conference to discuss his vision for the firm.
End of Bloomberg’s pandemic provision sparks opportunity—for BBG and terminal upstarts
Middle- and back-office staff at banks and buy-side firms who have become accustomed to remotely accessing Bloomberg terminals at home under a disaster recovery provision could set off a surge of new remote data terminal subscriptions.