Data
Continuous evolution: Researchers work to specialize NLP for finance
From academics to data teams at investment banks, those in and adjacent to the capital markets are looking to specialize natural language processing models to understand and break down financial data.
TransFicc builds its own datacenters to cut outsourcing costs
The Ion competitor is looking for better control, lower latency, and improved redundancy.
It’s amateur hour: examining retail trading and options data
Cutting-edge data shows non-professionals are driven by news events and a desire to make a quick buck.
Waters Wrap: The buy side, the changing nature of buy v. build, and how fintech has evolved
Neal Pawar, the former CTO of AQR and current COO of Qontigo, chats with Anthony about some of the major trends that are changing how asset managers interact with the vendor community, and how this shift mirrors the most significant evolutions in capital…
Democratising market data in a changing era
CME Group explores why demand for instant, simpler data is driving direct access to exchanges via cloud technology
New study shows mainframes still popular despite the rise of cloud—though times are changing…fast
A whitepaper from the DTCC and Celent finds that 67% of buy- and sell-side firms hope to be “cloud first” by 2024, but mainframes still part of the equation.
After switch to Google, Symphony begins data migration for clients
Symphony decided to first migrate client data to Google from AWS, and then focus on applications.
SEC deadline raises existential questions for US market data
This month, the commission must decide on a fee filing under its market data modernization efforts. Jo wonders how likely we are to see those efforts materialize any time soon.
Advancements in NLP bring focus to document insight
Vendors are looking to provide AI models to help financial professionals get more value out of unstructured data sources.
Waters Wrap: Fintech funding—follow the money
As funding for startups and young companies dries up due to inflation and rising interest rates, Anthony looks at some of the vendors that have received monetary infusions this year to see if there are any patterns to be gleaned.
Pick a lane: Anna DSB to rival CDM coded swaps reporting?
Dual machine-executable rules are set to create choice—and maybe bifurcation—for swaps reporting
Difficult transitions: Asset managers struggle to map future ESG risks
Investment firms have a role to play in incentivizing the green transition, but they must have forward-looking data.
Waters Wrap: ASX, Cboe and evolving exchange technology
As ASX’s Chess replacement project stalls yet again, Anthony wonders if the exchange is at risk of falling behind the likes of Cboe, Nasdaq and CME, which are making major investments in cloud technology.
Finos will host common domain model for Isda, Isla and Icma
The non-profit will provide a neutral, open-source repository to help the trade associations govern and maintain the CDM.
Lower cross-border latencies open HFT opportunities
Automated and high-frequency trading in Asia have generally lagged behind US and European markets. But as low-latency data availability increases, that may soon change.
Waters Wrap: Ion’s fixed income EMS & how tech development theory is changing
Some of the largest trading platform providers have embarked on major integration projects in recent years. As fintech disruption continues, Anthony says this is not a fad, but an evolutionary shift.
People Moves: EDM Council, Jacobi Asset Management, Versana, SIIA, and more
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.
FDC3 updates interop standard with 2.0 rollout as adoption grows
Finos gets ahead of FDC3’s critical mass by making breaking changes to the desktop interop standard, including baked-in data exchange.
Bloomberg integrates with Insightful Technology to cover ‘explosion’ of communication channels
Insightful monitors in the range of 120 different communication channels and 40 different datasets, which will be integrated into Bloomberg Vault, among other BBG compliance systems.
A consolidated effort: State Street and FactSet look to take interop to the next level
Firms aim to provide a front-to-back data flow for asset managers, forming “deeper relationships” with their clients.
Cboe migrations give exchange a foothold in Canadian equities
Exchange group looks northward in global expansion drive with completion of three trading system acquisitions
People Moves: Broadridge, Tradeweb, Ice, FCA, and more
A look at some of the key people moves from this week, including Rana Yared (pictured), who joins the board of Tradeweb as an independent director and a member of the audit committee.
PFOF regulation and market data: What does the future hold?
As a Congressional report delves into Robinhood's response to the meme stock frenzy of early 2021, Jo wonders how future regulation of payment for order flow will impact market data pricing.
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…