Fragmentation
Fintechs grapple with how to enter Middle East markets
Intense relationship building, lack of data standards, and murky but improving market structure all await tech firms hoping to capitalize on the region’s growth.
Fixed income data continues to challenge capital markets firms
A range of challenges facing fixed income market participants
Citi gears up for EU T+1 climb
The bank has a dedicated team examining what it needs to do to ensure a successful transition to T+1 in Europe.
Trading Technologies looks to ‘Multi-X’ amid vendor consolidation
The vendor’s new CEO details TT’s approach to multi-asset trading, the next generation of traders, and modern architecture.
How a consolidated tape could address bond liquidity fragmentation
Chris Murphy, CEO of Ediphy, writes that the biggest goal of a fixed-income tape should be the aggregation of, and democratized access to, market data.
Choose your execution: Traders tout benefits of algos for ETFs
In a space dominated by RFQ protocols, trading desks are exploring hybrid strategies for executing ETF orders.
TS Imagine integrates LTX’s pre-trade analytics tool
Users of the fixed-income EMS will now have access to LTX’s Liquidity Cloud tool, which provides a pre-trade score for the likelihood of trading success.
Interop tech buys time for buy-side fixed-income traders
A few buy-side traders and portfolio managers spearheading a drive for greater interoperability are reaping the rewards of increased workplace efficiency. Is interoperability the fixed-income panacea the buy side has been looking for?
FDC3 creator sets sights on cloud-based interop with new company
Nicholas Kolba’s new venture aims to provide cloud-based interoperability for financial services apps—free of desktop containers and proprietary implementations.
Competing CTPs won’t work, warn EU firms, calling for single tape provider
As the industry awaits upcoming EC proposals, some firms are voicing concerns that mandating multiple CTPs could create fresh problems around data fragmentation and connectivity costs.
Waters Wrap: Cloud, AI, Interop: The evolutions driving fixed-income progress
Anthony believes these advancements will provide the opening for Big Tech firms to created outsized influence that will change financial technology forever.
New entrants want to feed bond market’s hunger for data
In the absence of a consolidated tape for debt securities in the EU, vendors with different approaches to distributing fixed-income market data are emerging.
EU's AI Regulations Could Lay Blame With CTO
Jo wonders if the EC's approach to regulating AI could adapt existing liability laws—with implications for individuals.
Machine Learning Takes Hold in the Capital Markets: Some Examples
WatersTechnology looks at 16 projects in the capital markets that involve machine learning to show where the industry is heading.
Linedata to Tap Machine Learning for System Fragmentation Monitoring
The company plans to test machine-learning models in the coming months to automatically fix IT system fragmentation.
IHS Markit Boosts Asian Credit Liquidity Measurement with MSCI
The vendor will also expand its proxy pricing into the maturing fixed income markets outside of core regional financial centers.
Buy Side, FISD Begin Industry Push for Alt Data Standards
Alternative data holds great promise as a leading indicator of alpha. But in response to firms struggling with the data science aspects of integrating the data, various industry participants are pursuing new initiatives to make it more accessible,…
Industry Steps Up Calls for European Consolidated Tape
Traders in Europe face rising data acquisition costs and increasing regulatory reporting pressures argue that a pan-European consolidated tape is long overdue.
Wavelength Podcast Episode 162: IEX on the Transaction Fee Pilot
IEX’s John Ramsay joins to talk about the SEC’s proposed Transaction Fee Pilot and why he thinks it should move forward.
SEC’s Redfearn: US-Style Consolidated Tapes Won’t Solve Trading Data Needs
As European market participants bemoan the lack of a consolidated tape, a senior SEC executive debunks the idea that a pan-European tape, similar to the US, will resolve issues around data access and costs.