Data management
What can HKEx’s Synapse learn from watching ASX’s game of Chess?
HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome.
Quoniam AM turns to machine learning for non-linear stock relationships
The Frankfurt-based asset manager is using machine learning to look at the performance of stocks with low returns, high-growth.
Goldman inks modeling, data tie-up with MSCI
The move to cross-sell risk analytics could herald further content deals for the bank’s Marquee platform, says its sales chief.
Waters Wrap: The responsibility of information intake & dissemination (And phonies abound)
As Anthony tries to explain, information is an ecosystem that every single person plays an active part in.
Despite client concerns, LSE’s new Sedol fees take hold
Under the new fee policy, some of the largest users of the LSE’s identifier codes could see their Sedol spend more than double, though the exchange says the “vast majority” of clients will see no increase.
Finra taps AWS for next-gen regulatory search tools
A long-time AWS client, Finra is using a combination of AWS tools and its own knowledge graph to generate better search results.
This Week: JP Morgan, Deutsche Börse, Refinitiv, and more
A summary of some of the past week’s financial technology news.
People Moves: HSBC/Solidatus, AWS, West Highland, CloudMargin, and more
A look at some of the key people moves from this week, including Lorraine Waters (pictured), who joins Solidatus as chief data officer.
JP Morgan: New LEI scheme could make codes cheaper
The bank is offering identifiers for free to customers under a new scheme it hopes will drive down costs for entities wanting to sign up.
Bloomberg’s new data retention policy vexes buy-side firms
Impacted users will have to pay extra costs to retain communications data for longer than two years.
Waters Wavelength Podcast: Bloomberg on FRTB
Bloomberg's Eugene Stern and Brad Foster discuss data challenges relating to the Fundamental Review of the Trading Book (FRTB).
Banks, asset managers weigh trade-offs in third-party tools for machine learning
Although many banks and asset managers still prefer to build models in-house, off-the-shelf products are maturing.
Small alt data providers feel pressure to specialize
GTCOM-US, once a bespoke alt data shop for the buy side, has narrowed its offering to focus on Chinese datasets as the largest alt data players get even bigger.
Waters Wrap: Big Tech takes control of cutting-edge encryption (And consortium flat circles)
In addition to growing their cloud presence in the capital markets, Big Tech companies are, unsurprisingly, taking the lead on encryption and security in the cloud. Anthony sees positives and negatives. He also looks at bank-led consortiums.
This Week: Refinitiv; State Street/BlackRock; SteelEye; SimCorp; FEX Global/TT
A summary of some of the past week’s financial technology news.
Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform
Sources say initiative is designed to fend off higher fees and disintermediation in case established multi-dealer platforms start trading CLOs.
Not all digital securities were created equal
Cusip’s Matthew Bastian explains that a tokenized asset offering is not the same as other products that get tagged as being a digital asset. The differences are becoming more important as the capital markets industry continues to explore these new…
Waters Wavelength Podcast: Episode 229 (World Backup Day)
On this episode of the Wavelength Podcast, Wei-Shen and Tony discuss their backup data habits.
A kick in the privates: In-demand unlisted stock trading faces tech, transparency challenges
Private stocks are opaque, illiquid, behave differently from public markets, and lack the same infrastructure as public marketplaces, creating back-office integration challenges for firms that want to trade these stocks in a more liquid manner. But as…
Mystery surrounds rumored Ion acquisition of Italian trading platform provider List
While it would appear that Ion has acquired the Pisa-based vendor, details are murky. If the deal has gone through, though, it could mean contractual changes will occur in the near future for List users.
GameStop post-mortem: Alt data world confronts eroding barrier between online and real life
After Redditors staged an epic short squeeze against a handful of hedge funds, some in the industry are left wondering whether today’s models and data techniques are prepared for world where online often equals real life.
Data disruptors face uphill battle to overcome credit ratings stagnation
With traditional ratings agencies facing increased hostility from financial firms, new entrants are hoping to reshape ratings. But will fresh approaches appeal to an industry underwhelmed by existing offerings?
Linedata looks to modularize OMS, analytics offerings to compete in consolidating market
After releasing its cloud-native AMP and data analytics platforms in 2020, Linedata is looking to readjust its OMS strategy as it embraces microservices.
Traders: Consolidated tape could drive corporate bond market automation
The EC is pushing for a tape for fixed-income instruments, and market participants say it could speed up electronification, if implemented properly.