Infrastructure
AI is coming for complexity … and trading depends on it
While AI may be able to recreate interfaces, the value is in messaging networks, low-latency data, and unique information flows.
Geopolitics hits Middle East datacenters and firms’ operations
The IMD Wrap: Wei-Shen examines recent disruptions to AWS datacenters in the Middle East linked to the US-Israel strikes on Iran, and what it means for data and businesses operating in the region.
What does the future of trader voice look like?
The trader voice market has shrunk to three main players: IPC, BT, and Symphony. The battle for market share and desk real estate is pitting hardware against software.
Fiber’s AI gold rush risks a connection drop
In search of AI-related profits, investors flocked to fiber cables, but there are worrying signals on the horizon.
JP Morgan gives corporates an FX blockchain boost
Kinexys digital platform speeds cross-currency, cross-entity client payments.
Market-makers seek answers about CME’s cloud move
Silence on the data center’s changes has fueled speculation over how new matching engines will handle orders.
ICE to seek tokenization approval from SEC under existing federal laws
CEO Jeff Sprecher says the new NYSE tokenization initiative is not dependent on the passage of the US Clarity Act.
TMX Datalinx makes co-location optionality play with Ultra
Data arm of the Canadian stock exchange group is leveling up its co-lo capabilities to offer a range of options to clients.
2026 State of trading infrastructure: How structural shifts are redefining market data and trading at quantitative firms
To better understand how firms are managing the mounting pressure on trading infrastructure, Exegy and Acuiti surveyed worldwide leaders in quantitative trading.
Private markets boom exposes data weak points
As allocations to private market assets grow and are increasingly managed together with public market assets, firms need systems that enable different data types to coexist, says GoldenSource’s James Corrigan.
American Financial Technology Awards 2025 winner’s interview: Connamara Technologies
Connamara Technologies’ recent win in the AFTAs on the back of its EP3 platform
Editor’s Picks: Our best from 2025
Anthony Malakian picks out 10 stories from the past 12 months that set the stage for the new year.
Despite regulatory thaw in US, major questions remain globally for 2026
From crypto and tokenization to the CAT to consolidated tapes to T+1’s advancement, the regulatory space will be front and center in the New Year.
Will overnight trading in equity markets expand next year? It’s complicated.
The potential for expanded overnight trading in US equity markets sparked debate this year, whether people liked it or not.
Citadel Securities, BlackRock, Nasdaq mull tokenized equities’ impact on regulations
An SEC panel of broker-dealers, market-makers and crypto specialists debated the ramifications of a future with tokenized equities.
TCB Data-Broadhead pairing highlights challenges of market data management
Waters Wrap: The vendors are hoping that blending TCB’s reporting infrastructure with Broadhead’s DLT-backed digital contract and auditing engine will be the cure for data rights management.
Nasdaq’s blockchain proposal to SEC gets mixed reviews from peers
Public comment letters and interviews reveal that despite fervor for tokenization, industry stakeholders disagree on its value proposition.
Jump Trading spinoff Pyth enters institutional market data
The data oracle has introduced Pyth Pro as it seeks to compete with the traditional players in market data more directly.
A cost and resource analysis on building and maintaining market data processing technology in software
The true cost of real-time market data infrastructure: Quantifying the build versus buy debate for capital markets firms (Part I)
Treasury market urged to beef up operational resilience plans
NY Fed panel warns about impact of AI and reliance on critical third parties.
Technology alone is not enough for Europe’s T+1 push
Testing will be a key component of a successful implementation. However, the respective taskforces have yet to release more details on the testing schedules.