Microsoft
Snowflake partners with BMLL in another big tech-fintech tie up
The collaboration comes as part of both companies’ desire to eliminate end users’ need for intensive data engineering, as well as costly in-house data storage.
This Week: Tradeweb, Microsoft, JPMorgan, Goldman Sachs, and more
A summary of the latest financial technology news.
Banks call for direct oversight of cloud providers by US regulators
Tri-opoly of cloud vendors “poses systemic risk” to financial sector, say risk managers
Inside look: How Big Tech is using generative AI to win over finance
Execs from Amazon, Google and IBM explain their capital markets strategy when it comes to rolling out new AI tools.
What’s the market for Ion Markets?
With whispers swirling that Ion’s chief executive is looking to cash out on his tech conglomerate, big changes could be coming to the world of fixed-income software.
LSEG to step up AI and Fabric development, preps Eikon sunset
With Acadia integration now complete, exchange group signals next steps in its Microsoft tie-up and announces launch of new FX matching platform later this year
Waters Wrap: Big Tech’s subtle plans for capital markets domination
Amazon, Google, IBM and Microsoft aren't just cloud providers anymore—and their tentacles are going to spread deep into trading systems going forward.
Microsoft, Google highlight LLM capabilities for future growth
Satya Nadella and Sundar Pichai both touted the advancements their respective companies have made in the field of generative AI during their earnings calls.
State of the tech: A half-year check-in with large language models
AI is having a moment, and data vendors and software providers are seizing on it. Some are building models in-house, while others are looking to third parties to power their strategies—but the focus is largely on productivity and faster data access…
Questions surround buy-side tech consortium Hub
Little has been heard of the company formed by Pimco, Man Group, State Street, IHS Markit, Microsoft, and McKinsey since their announcement in January 2021.
LSEG, Symphony vie to build a ‘LinkedIn’ for capital markets
Six months on from its Microsoft tie-up, LSEG is optimistic about creating a trusted directory for the financial services industry. But it has competition.
Optical computer beats quantum tech in tricky settlement task
Microsoft’s analog technology twice as accurate compared to IBM’s quantum kit in Barclays experiment
Dora ‘critical tech vendor’ designation could cast a wide net
Experts think cloud services, data providers and software firms are all in regulators’ sights.
This Week: Goldman, Cboe, Microsoft, others plan new blockchain network; LSEG/OpenFin & more
A summary of the latest financial technology news.
Waters Wrap: Blockchain—let’s put the hammer back in the box
With the ASX Chess DLT failure and users ignoring DTCC’s DLT option for its Trade Information Warehouse, Anthony wonders what it will take for the industry to stop touting this buzzword for non-specialized needs.
S&P Global–IHS Markit post-merger: One giant leap for data analysis?
The combined entity will look to tap into AI tools provided by S&P’s Kensho outfit and AWS’ cloud to build new analytics platforms.
New chatbots reveal limitations of legacy API development
As large language models that underpin the likes of ChatGPT and Bard come to market, vendors and trading firms are starting to see the benefits—and challenges—that open APIs provide.
Ice exec rejects cloud for critical infrastructure
FIA Boca 2023: SVP Bland “can’t imagine” outsourcing critical infrastructure; DRW’s Wilson warns of concentration risk
This Week: MSCI/Alveo; Ice/Rozetta; market data pricing & more
A summary of the latest financial technology news.
Spreadsheet interoperability: Or how companies learned to stop worrying and love Excel
While Microsoft engages in a tech arms race for chatbot and cloud supremacy, interop firms are attempting to remedy some of the idiosyncrasies of its monolithic spreadsheet software.
Waters Wrap: ChatGPT, data officers, and reaching new frontiers
As banks clamp down on large language models like ChatGPT, Anthony says that CDOs can help firms experiment with these chatbots while developing the proper governance structures.
MSCI’s multi-cloud strategy aims to provide a new window into investment data
The MSCI One platform already runs on Microsoft Azure, and MSCI is building a new investment data platform on Google Cloud to utilize the search giant's AI and NLP capabilities.
Waters Wrap: For data managers, the new problems are the same as the old
While much attention has been given to cloud, AI, blockchain and other buzzwords, without a proper data foundation, those tools will not deliver the results that have been promised.
Data analytics dominate M&A agenda for exchanges in 2022
While there weren’t many headline-grabbing acquisitions in 2022, the year contained a handful of deals that point to expanding trends in the exchange technology industry.