United States (US)
Mercury rising as Cboe shutters Trade Alert
Trade Alert is the latest business arm to be shut down by Cboe, but a former staffer has set up Mercury Alerts to replace it.
Rimes builds agents for exception management
The vendor aims to improve its data foundations to allow for greater agent autonomy.
The great migration: Firms work to integrate ISO 20022
Banks and asset managers are working to adopt the new messaging standard, but it’s easier said than done.
Buy-side firms warn semantic layers not a quick fix for AI integration
Semantic layers promise to teach AI what a firm’s data means. Keeping that meaning current is the part that may get overlooked, tech heads warn.
Bankers question value of round-the-clock trading
BNY and State Street execs predict the arrival of extended-hours trading will come with a hefty price tag for industry firms.
Staffing and corporate actions preparations made ahead of 23/5 trading launch
Exchanges, trading firms, and industry observers tackled market preparedness during an SEC roundtable ahead of the December 6 go-live.
TS Imagine launches new agentic platform
TSIQ can act based on client queries, using built-in agent “personas” that can be modified by users on a case-by-case basis.
Banks brace for higher costs as chip memory runs short
A recent report from Gartner shows the price of memory is rising, putting the squeeze on firms eager to adopt AI.
Citi reveals Custody+, AI API security scare, 23/5 trading in Canada, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
API security flaw highlights AI model vulnerabilities
Researchers uncover a way to make weaker AI models reveal the hidden reasoning of more powerful systems.
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.
SEC gunning to take over CAT in 2027
Chairman Atkins has plans for the SEC to run the Consolidated Audit Trail directly. Industry participants are split on the idea.
AI startups get big-name investors, SEC denies 24X’s exemption request, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
Rapid-fire repo raises hopes of cheaper, faster trading
Tokenized Treasuries piloted by DTCC could squash settlement cycles and enable 24/7 repo.
Stopgaps and fail-safes: How trading vendors guard against rogue AI agents
TradeStation’s newest trading tool, Titan-X, uses agentic tools to help plan, execute, and collect data on trades.
A rookie’s guide to tokenized Treasuries
What are DTCC’s digital US government debt securities? How do tokenized repo and other transactions work? These questions, and others, answered.
Can pairing autonomous AI agents with digital cash transform finance?
A new Moody’s paper highlights opportunities and risks associated with AI agents and digital cash.
People Moves: Capital Bank, BMLL, Cboe Europe, Options Technology, and more
A look at the past month’s people moves in the capital markets tech and data space.
The Clarity Act enters the Last Chance Saloon
The US’ landmark crypto bill’s future looks uncertain. Crypto fans may still see the bill pass before fall, but it’s the hope that kills you, Eliot writes.
Red alert: how Nasdaq’s Smarts became surveillance blind spot
Software that looks for shifty trades has been asleep on the job, affecting alerts for hundreds of products.
Are recordkeeping rules ripe for updates?
The Waters Wrap: SEC Rule 17a-4 appeared back on the SEC’s 2026 agenda two weeks ago. Some in the industry are hoping for relief, Reb writes.