Market data
BlackRock and AccessFintech partner, LSEG collabs with OpenAI, Apex launches Pisces service, and more
The Waters Cooler: CJC launches MDC service, Centreon secures Sixth Street investment, UK bond CT update, and more in this week’s news roundup.
CME, LSEG align on market data licensing in GenAI era
The two major exchanges say they are licensing the use case—not the technology.
Robeco tests credit tool built in Bloomberg’s Python platform
This follows the asset manager’s participation in Bloomberg’s Code Crunch hackathon in Singapore, alongside other firms including LGT Investment Bank and university students.
Jump Trading spinoff Pyth enters institutional market data
The data oracle has introduced Pyth Pro as it seeks to compete with the traditional players in market data more directly.
A cost and resource analysis on building and maintaining market data processing technology in software
The true cost of real-time market data infrastructure: Quantifying the build versus buy debate for capital markets firms (Part I)
FCA files to lift UK bond tape suspension, says legal claims ‘without merit’
After losing the bid for the UK’s bond CT, Ediphy sued the UK regulator, halting the tape’s implementation. Now, the FCA is asking the UK’s High Court to end the suspension and allow it to fight Ediphy’s claims in parallel.
New horizons: What the Nordic Cap-BMLL tie-up hints at for market data’s future
The IMD Wrap: Reb looks at Nordic Capital’s announcement last week of it purchasing BMLL to read some tea leaves.
MayStreet founder says LSEG abandoned integration in new court filing
In response to LSEG’s motion to dismiss a lawsuit filed by the founder of one of its acquired companies, lawyers for Patrick Flannery have offered more details around communications between MayStreet and the exchange group.
SIX, ViaNexus build market data platform to unite data consumers, producers
The assets that formerly comprised IEX Cloud will underpin a new market data platform that hopes to give SIX Group and its data consumers a closer, more controlled relationship.
Is market data compliance too complex for AI?
The IMD Wrap: Reb looks at two recent studies and an article by CJC, which cast doubt on AI’s ability to manage complexity.
New GPU indexes to provide transparency into AI compute
Silicon Data, a company backed by DRW and Jump Trading, has launched its H100 and A100 indexes, providing transparency into the economics of AI compute.
Fixed income data continues to challenge capital markets firms
A range of challenges facing fixed income market participants
How to build a solid business case for market data optimisation
Build a business case that gets a 'yes'
Is 2027 the new 24-hour trading target?
Slew of technical issues and dearth of SEC staff compound exchanges’ reluctance for round-the-clock equity trading.
Fintech powering LSEG’s AI Alerts dissolves
ModuleQ, a partner and investment of Refinitiv and then LSEG since 2018, was dissolved last week after it ran out of funding.
Halftime review: How top banks and asset managers are tackling projects beyond AI
Waters Wrap: Anthony highlights eight projects that aren’t centered around AI at some of the largest banks and asset managers.
Secondaries market growth triggers data issues for investors
Private market secondaries have exploded, but at the cost of significant data challenges for investors. Simon Tang, Accelex’s head of US, explains how unstructured data formats are causing transparency issues and slowing the industry’s growth.
Waters Rankings 2025 winner’s interview—S&P Global Market Intelligence
S&P Global Market Intelligence's Justine Iverson discusses the firm's wins in the 2025 Waters Rankings, alongside the versatility its S&P Capital IQ Pro offering platform.
The industry is not ready for what’s around the corner
Waters Wrap: As cloud usage and AI capabilities continue to evolve (and costs go up), Anthony believes the fintech industry may face a similar predicament to the one facing journalism today.
ViaNexus aims to bring data entitlement control to MCP, agentic AI
The startup believes that Anthropic’s Model Context Protocol marks a major step forward for agentic AI, but the market data industry has its own complexities that haven’t been addressed—yet.
Buy-side transformation requires data stabilization
The IMD Wrap: Insightful and actionable data tools require reliable and accurate underlying data. Max looks at some startling findings from recent reports that highlight the key data challenges that lie ahead.