The CEI aims to bring interoperability to loan trading, but it’s entering a market dominated by a long-standing incumbent.
The New York-based market data company has filed a complaint against Fidessa for failing to honor its agreement to invest up to $6.25 million into the business.
There are several ways to migrate an old legacy system to the cloud, but there's always a trade-off.
Financial firms can’t afford to treat data governance as a one-off, check-the-box exercise. Instead, senior data management execs say, it should be treated as an ongoing series of regular health checks.
Capital markets are no strangers to hype machines. Among the buzz around generative AI, Nyela wonders who will be best suited to take advantage of the technology and deliver the right use cases to Wall Street.
With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue…
A Google exec and a Stevens Institute director lay out the potential and the pitfalls of this emerging cloud computing technology for data protection.
A startup is looking to automate the bulk of banks’ data processing workflows.
Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.
As machine learning and natural language processing continue to spread across the industry, WatersTechnology highlights stories from 2022 that feature new use cases.
Market participants say cloud has the potential to reimagine data licensing. But moving to the new operational model comes with a raft of unanswered questions.
Cloud9 expands Symphony's communication channels to trader voice, in an effort to simplify workflows as Wall Street struggles with compliant communications.
The data vendor has 19 points of presence from where it will provide co-located access to the new managed services by Q2 2023.
What began as a small buy-side technology offering, now has ambitions to oust Fidessa in the sell-side OMS space. LiquidityBook, now armed with a handful of ex-Fidessa employees, has secured the product expertise. Can it secure the clients?
The bank’s proprietary solution uses Apache Spark to calculate forward-looking loss scenarios in its loan portfolios.
Regulatory developments and startups gaining some ground may—one day—threaten the incumbent providers in this space.
Tech giant IBM is targeting security, AI, and portability in the modernization of the mainframe as firms report still retaining “the workhorse of the back office.”
The Ion competitor is looking for better control, lower latency, and improved redundancy.
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.
A look at some of the key "people moves" from this week, including Linda Avery (pictured), who joins the EDM Council's board of directors.
A look at some of the key people moves from this week, including Thomas Pluta (pictured), who joins Tradeweb as president-elect.
SG Americas plans to significantly reduce and even close datacenters in the US as a result of moving to the cloud and defining controls around cloud and data governance.
Project Octopus becomes Octaura, killing BofA’s Instinct platform and Citi Velocity trading protocol
Backed by the banks in the Project Octopus consortium, the new, independent company will launch this year with a focus on new trading protocols and integrated data analytics. At the same time, Bank of America will sunset its single-dealer loan trading…
A summary of the latest financial technology news.