The concept of a “golden copy” is well established. But what happens when buy-side firms want to differentiate themselves by launching new services, only to find themselves maintaining multiple “single” sources of data—or worse, none at all?
After years of neglect, back-office processes are finally getting attention. Wei-Shen wonders how much innovation can truly take place in the back office and how processes will actually improve.
Retooling repo: How Broadridge, Bloomberg, Tradeweb, and JP Morgan are modernizing repurchase agreements
From brokers to trading platform providers, players in the repo market are focused on initiatives around reducing settlement fails, increasing automation, and streamlining operations.
As financial firms turn their attention toward modernizing the back office, how they approach these projects comes under new scrutiny.
Firms aim to provide a front-to-back data flow for asset managers, forming “deeper relationships” with their clients.
A judge for the Southern District of New York has also ordered that two class-action suits brought against Cusip Global Services and its affiliates earlier this year be consolidated.
Better data visibility across multiple systems could provide a driver for technological change in the world of post-trade.
The vendor is leveraging its back office capabilities and platforms to integrate Itiviti, and bolster its LTX bond trading platform.
The asset manager wants the industry to move faster in adopting a “single source of truth” model.
As institutional participation in cryptocurrency markets increases, traditional data vendors and new specialist crypto data providers are taking different approaches to supplying necessary data to financial firms.
A summary of the latest financial technology news.
Anthony takes issue with how blockchain is still being covered in the media and at industry conferences. What else is new?
As a major player exits the corporate actions data vendor arena, Bloomberg is continuing to enhance its data offering while the market braces for a shake-up.
Building a startup is hard. Building a blockchain startup is harder. More than 10 current and former financial blockchain builders and users detail their experiences of trying to cut their teeth on a once-darling tech, and the lessons they’re still…
As options volumes soar, technology vendors are thinking about new risks posed when legacy infrastructure meets increasingly complex markets.
Though the standard has always been operated by a private entity, industry sources say its new operator could create a perception issue for FactSet. For its part, the vendor says the purchase (for a “stunning” total of nearly $2 billion) is meant to…
With the post-trade space poised for major change, startup clearing firm RQD says a new cloud-based platform will help it respond to client needs and new business opportunities.
Through partnerships and acquisitions, communications vendors are integrating voice data into different parts of the trade lifecycle to offer more sophisticated analytics and easier user interfaces.
Anthony says that banks should be more concerned with cleaning up the technical debt accumulated in the back office, rather than dumping money into bleeding-edge technologies.
The exchange’s customer Daml sandpit has been up and running since January and has had over 20 firms log on. The next phase—its DLT cloud environment—will be ready in early October.
Bloomberg, Broadridge, and Finra have all recently made news in the world of standards and identifiers. Anthony looks at some of the questions the reporters at WatersTechnology will be asking going forward.
The tech provider is using the ontology internally to integrate multiple systems and sees prospects for wider industry adoption.