North America
CTA, UTP to merge into single Consolidated Tape Plan under DataCT
Randall Hopkins, former head of market data at Nasdaq, will join the new company to build and run it.
Garage upstart turns Polymarket bets into benchmarks
Belief Systems launches 13 prediction indexes, but faces adoption hurdles.
AWS, Moody’s latest play shows further proof of MCP’s rise on Wall Street
The rating agency is building on a long-standing relationship with Amazon Web Services to deliver data and insights to clients.
Clear Street rolls out new BestEx algo platform
Clear Street has deployed BestEx’s new platform, giving it global execution reach, plus a host of other features built in.
Can Canada follow in the US’s footsteps in overnight trading?
Canadian marketplaces and trading venues are in a race to see who can first authorize overnight equities trading, but not everyone is convinced of its value.
Fidelity Labs: One model to rule them all
Fidelity Labs’ latest AI undertaking involves repurposing baseline AI tooling across the organization.
Anthropic builds finance agents, Osttra buys HUB, TMX mulls extended trading, and more
A recap of the major tech and data news from the past week in the capital markets.
TMX to undertake extended trading hours in Canadian equities
Exchange operator looks to keep pace with US markets and potentially undercut Canadian competitors.
Spoiler alert: managing market data is a bad case for AI
The IMD Wrap: A recent conversation between Max and one of his sources highlights the uses of different mechanisms to manage one of their most expensive assets.
In record year, SS&C changes division name, emphasizes role of AI
Announcing the vendor’s record financial results, CEO and chairman Bill Stone reassured investors that the vendor is not depending too heavily on AI.
Data industry spend hits $50B for first time in new report
A new product by BCG Expand will track market data vendor size and market share as it seeks to show data users where the market is heading.
After the shuttering of Wilshire Indexes, the indexes space is a little tighter
The IMD Wrap: Max analyzes the winding up of Wilshire Indexes, a venture not yet three years old, and what the move means for the index industry and its consumers.
Firms look to decommission legacy tech and embrace a range of cloud-based tools
A survey of capital markets firms reveals a demand for cloud-native analytics and increased adoption of AI technology. However, challenges around cost and migration complexity persist when it comes to cloud migration.
Fidelity expands open-source ambitions as attitudes and key players shift
Waters Wrap: Fidelity Investments is deepening its partnership with Finos, which Anthony says hints at wider changes in the world of tech development.
Fiber’s AI gold rush risks a connection drop
In search of AI-related profits, investors flocked to fiber cables, but there are worrying signals on the horizon.
JP Morgan gives corporates an FX blockchain boost
Kinexys digital platform speeds cross-currency, cross-entity client payments.
AI strategies could be pulling money into the data office
Benchmarking: As firms formalize AI strategies, some data offices are gaining attention and budget.
2026 will be the year agent armies awaken
Waters Wrap: Several AI experts have recently said that the next 12 months will see significant progress for agentic AI. Are capital markets firms ready for this shift from generative AI to agents?
Editor’s Picks: Our best from 2025
Anthony Malakian picks out 10 stories from the past 12 months that set the stage for the new year.
Market data costs defy cyclicality
Trading firms continue to grapple with escalating market data costs. Can innovative solutions and strategic approaches bring relief?
Will overnight trading in equity markets expand next year? It’s complicated.
The potential for expanded overnight trading in US equity markets sparked debate this year, whether people liked it or not.