Covid News
NYSE Eyes 'Safe' NY Floor Reopening as Research Shows Value of Open Outcry
NYSE COO Michael Blaugrund looks ahead to a potential reopening of the exchange's iconic New York trading floor, and describes why NYSE believes it's appropriate to reopen the Arca Options floor earlier, and the role of DMMs in reducing volatility.
Deutsche Bank Turns Attention to Production Engineering
DB's Stuart Gurr says past automation efforts have helped the bank weather the Covid outbreak, highlighting the need for further automation.
To Tackle ‘Covid Economy,’ Facteus Adds Real-Time Consumer Spend Data to Revenue Predictor
When Facteus (then known as ARM Insight) designed Enlightmint prior to the coronavirus outbreak, it never envisaged that its target users would be interested in receiving data in real time.
Morningstar Wades Further into ESG Space with Sustainalytics Acquisition
The ESG data space has seen a fair amount of M&A activity in recent years, and that is likely to continue, sources say.
JP Morgan Investment Insulates Limeglass Start-Up Amid Coronavirus
The research start-up is growing its team and is in discussions with clients, despite Covid-19 disruption, after the bank acquired a stake.
Bloomberg to Offer Next-Gen Risk Models to Enterprise, Terminal Clients
In addition to consolidating the Port risk models for terminal users and enterprise clients, the data vendor is looking to use advanced risk models to create better hedging strategies for equities.
SEC Issues Another CAT Reprieve as Monday’s Milestone Passes Quietly
While the CAT is now live, few—if any—are reporting. Additionally, there are still concerns among large broker-dealers about the CAT Reporter Agreement.
Symphony Hires Brad Levy as Chief Revenue Officer, Plans Second Meetings Launch
The former MarkitSERV CEO joins Symphony as the collaboration platform vendor prepares to release a new videoconferencing service by the end of June 2020.
MEMX Postpones Launch Due to Coronavirus
CEO Jonathan Kellner announced on April 17 that the exchange would have to push back its official launch date, as well as delay platform testing and member certification until later this year.
Nasdaq, Cboe Fix Feeds Hit by Options Overload
Recent market volatility overwhelmed the Nasdaq BX and Cboe market depth feeds with so much activity that the exchanges did not have enough physical numbers to accurately represent it.
This Week: State Street/Microsoft; Refinitiv/Global Relay; SimCorp/Anima; TSE & More
A summary of some of the past week's financial technology news.
Symphony Unveils Secure Videoconferencing for Financial Services
Officials say Symphony's offering addresses the security and compliance shortfalls of other videoconferencing platforms being used in the absence of face-to-face meetings.
Bloomberg Enhances Mapping Tool to Track Covid-19 Impact
The data giant is releasing regional features and functionality to more closely monitor the coronavirus across companies and sectors.
Morgan Stanley’s AlphaWise Uses Alt Data to Track Coronavirus
The bank’s research business is using artificial intelligence, traditional consumer surveys, and visualization techniques to monitor the impact of Covid-19.
S&P Global Adds Machine-Readable Data Tool for SEC Filings
The service will be released through its Market Intelligence unit. The same unit will also launch a new data platform in May.
Mosaic to Launch Mobile Version of Data Analytics Platform
The functionality is already available for tablets, with the cell phone version expected in the third quarter.
AI Fraud Systems Frazzled by Covid-19
Seismic changes in customer behavior are seeing machine learning solutions throw out false positives.
Truvalue Labs to Launch Coronavirus ESG Monitor
The dashboard, which goes live later this week, is a free online resource that includes tracking how the pandemic is affecting ESG factors.
Sluggish Back-Office Systems Added to Margin Pressures
Systems supplied by FIS struggled to handle a massive spike in March trading volumes, according to multiple sources.
TMX Forges Ahead to Offer Round-the-Clock Derivatives Trading
Despite the coronavirus, the exchange is on track with plans to offer near 24-hour derivatives trading, new interest rate contracts, and increased transparency into ESG risks.
CLS Assembles Data Science Team to Decode FX Volatility
The information services division at the FX settlement specialist is recruiting data analysts for a special project.
This Week: SEC, SS&C, TRG Screen, Refinitiv, Rimes
A summary of some of the past week’s financial technology news.
Lazard Asset Management Looks to Reinvent Asset Classifications
The firm is developing themed asset categories for investors by finding new correlations in alternative datasets.
FCA Sizes up Alt Data for Insider Trading, Irking Funds
The UK regulator is examining new data sources’ potential to confer an unfair market advantage.