Waters
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.
Managing regulatory transformation through a Dual-Flow Operating Model
Darshan Shah presents an operating model that enables project teams to implement complex regulatory programs, preserve business continuity, reduce risk, and prepare enterprise platforms for regulatory change.
The complexity of using AI to tackle compliance
The Waters Wrap: Law firms are introducing new tools to help with regulatory compliance, potentially encroaching on regtech vendors’ territory, Wei-Shen writes.
SEC denies 24X’s requested SIP exemption, for now
Start-up exchange cannot begin its overnight market session before the equity data plans’ hours are scheduled to be extended on December 6. But that’s only half of it.
LSEG–MayStreet lawsuit may have precedent in Delaware court
Lawyers for Patrick Flannery argue that a recently settled case in Delaware sets precedent for his ongoing battle with the exchange group.
Anna’s new digital token identifiers, TS Imagine offers prediction market data, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
Waters Wavelength Ep. 356: When software fails
This week, Tony and Shen discuss a recent trade surveillance software failure.
A tidal wave of token costs threatens landfall
Budgeting for AI was never “easy,” but as financial firms rely more heavily on agents, soaring token usage is forcing them to rethink the economics of modern enterprise AI.
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.
Is this tokenization’s golden opportunity?
The Waters Wrap: More initiatives around tokenizing assets are coming to fruition. Nyela asks: Is the market ready?
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.
Cyber audit leaves Eiopa with a credibility problem
The Dora supervisor charged with overseeing critical tech vendors has been critiqued for IT security failings.
Waters Rankings 2026: Best cloud-based application provider—Derivative Path
Derivative Path wins best cloud-based application provider in the 2026 Waters Rankings for its Derivative Path platform.
EuroCTP wins again, Fanatics teams up with BGC, Clarity Act’s uncertain future, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
ICE buys MarketAxess to create ‘common rails’ for fixed income
The deal, which is expected to close early next year, will further establish ICE in the fixed-income market.
LSEG caps free prompts as it moves to increase AI revenues
New AI tools were the main focus of the exchange group’s mid-year progress update.
EDMA begins rollout of AI certification framework
The EDM Association is expanding its CDMC framework to include analytics and AI.
Waters Rankings 2026: Best cloud-based technology provider—SS&C Advent
SS&C Advent wins best cloud-based technology provider in the 2026 Waters Rankings for its SS&C Cloud Solutions: Genesis and Eclipse.
Bloomberg acquires Canoe Intelligence, expanding private markets prowess
In a rare acquisition, the data giant is looking to add to its established private markets intelligence and add more functionality for client workflows.
The danger of prediction markets is precisely how useful they are
The Waters Wrap: Prediction markets may seem like a gamer’s paradise or a honey pot for those looking to corrupt betting. But they have another use in forming institutional prices. At least, that’s what Max Bowie is putting his money on.
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.