Buy-sider traders remain skeptical of the benefits of algo execution for credit derivatives.
The EC is pushing for a tape for fixed-income instruments, and market participants say it could speed up electronification, if implemented properly.
A summary of some of the past week’s financial technology news.
US competing consolidators grapple with pricing uncertainty as SEC, exchanges battle over new Sip regime
Vendors who want to provide consolidated market data under the SEC’s new system can’t make plans until they know how they are going to be charged for market data. But the fee schedules are mired in legal action and confusion.
Anthony looks at how news organizations and alternative data providers need to change their business models as ‘context’ takes on greater importance. Additionally, he gives his thoughts on open floor plans in a post-Covid world.
The exchange’s pilot application to model enterprise risks cuts computation time from 10 years to 30 minutes.
IBM, which recently set a new world record for tape storage, says a lot of its financial services clients use the medium for storage as its cheaper and safer than other digital storage options. Others are skeptical of tape’s long-term prospects.
While not a fan of blockchain, Anthony looks at some potential use-cases for the tool in the world of capital markets. He also gives his thoughts on Broadridge’s soon-to-launch LTX platform.)
While market data departments are rarely highlighted when it comes to innovation, Max says that doesn’t mean there aren’t disruptive tech projects underway.