Innovation
Research management systems vie to double as data, analytics providers in one-stop-shop bid
RMS providers Sentieo and MackeyRMS feel the pressure to become quasi-data and analytics providers in their quest to cover the gamut of the buy-side research analyst workflow.
People Moves: LedgerEdge, JP Morgan, MarketAxess, Enfusion, and more
A look at some of the key people moves from this week, including Michelle Neal (pictured), who has joined enterprise software vendor LedgerEdge as CEO of US operations.
EBA to consult on banks’ machine learning use
The watchdog will set out a new stance on ML-based capital models at a time of conflicting guidance from other supervisors.
Waters Wrap: On outages, teamwork & greed (And ESG innovation & consultants)
Anthony examines a proposed protocol in Europe that would help keep liquidity flowing if there’s a major exchange outage. He also discusses innovation in the realm of ESG, and Esma’s new data analytics platform.
Regulators must find a balance with artificial intelligence
There's rapid digital transformation underway in the industry and regulators must get with the game plan while not over-regulating the use of AI.
Accenture wins contract for Esma’s big data analytics project
The consultancy will provide on-demand tooling for analyzing data collected from Data Reporting Service Providers.
Waters Wrap: A blockchain problem (And an alt data problem)
Anthony first looks at the alternative data industry and connects to QAnon, before explaining why there needs to be more hard numbers in the world of blockchain.
Symphony’s Seven-Year Itch
After seven years and half a billion dollars in funding, Symphony has made strides but arguably has not delivered the “big win” of living up to its early hype as a Bloomberg-killer. Max asks how long its investors will continue to back the venture,…
AML models face explainability challenges
Data gaps and potential biases must be accounted for in approaches to tackling money laundering.
Waters Wrap: Broadway Technology, Symphony, and new beginnings (And other new CEOs)
Anthony takes a look at some major CEO changes from the last year, and what those moves might mean for clients of those vendors.
Quants turn to machine learning to unlock private data
Replication could allow financial firms to use—and monetize—data that was previously off-limits
Deep XVAs and the promise of super-fast pricing
Intelligent robots can value complex derivatives in minutes rather than hours
Waters Wrap: The Symphony-Cloud9 tie-up hints at a new tune for the comms provider
Anthony talks with Brad Levy about the company’s acquisition of Cloud9, its plan for future acquisitions, the possibility of an IPO, his thoughts on Big Tech providers, and more.
People Moves: Anna, Cowen, UBS, HKEx, and more
A look at some of the key "people moves" from this week, including Slawomir Zajac (pictured), who will represent Krajowy Depozyt Papierów Wartościowych SA on the Anna board.
Broadway Technology 2.0: Post-Ion split, the vendor reimagines its future
Broadway will look to build out its fixed income trading workflows, grow its as-a-service offering, lean into the low-code movement, while considering new asset classes to expand into—all while once again competing with Ion.
Rights automation group to debut digital language for market data policy expression
Community group that includes JP Morgan, Deutsche Bank, Amazon, and the CME plans to showcase over a year’s worth of work in a bid to drive broader adoption of the digital rights language.
Direxion turns to Two Sigma’s Venn for thematic ETFs
The firm is using the platform as a comparison tool as it evolves its fund offerings.
Banks fear Fed crackdown on AI models
Dealers say the agencies’ request for info could prompt new rules that stifle model innovation.
Meme stocks: Data providers conflicted on offering investment analyses
While some alternative data providers are jumping in on the meme-stock craze by producing new datasets and analyses geared toward risk management and alpha generation, others—perhaps rightly so—are staying cautious.
JP Morgan fast-tracks market data licensing tools
The bank is developing solutions to help internal teams understand compliant usage and entitlements.
Nordea: Licensing changes could make RPA too expensive
The Nordic bank is looking for ways to mitigate costs as software vendors define new policy categories to capture robotic workers.
Four years of academic study on HFT yields complicated results
A transatlantic group of researchers has examined a treasure trove of market data to see whether or not high-frequency trading is a necessary component of today’s market structure. The answer is largely ‘yes,’ but with caveats.
Quantum computing experts voice explainability fears
Big speed-ups for quantum-powered models could prompt bigger questions from regulators.