Innovation
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…
If it ain’t broke, break it: Back-office tech reform may benefit front-office returns
Better data visibility across multiple systems could provide a driver for technological change in the world of post-trade.
Sell side ramps up outsourced trading desk services for still-skeptical buy side
A raft of new entrants are offering outsourced trading services to buy-side firms, anticipating a wave of takeup among larger asset managers, driven by cost and coverage needs. But are they aiming too high?
Broadridge’s Gokey eyes interop to connect back-office data for front-office needs
The vendor is leveraging its back office capabilities and platforms to integrate Itiviti, and bolster its LTX bond trading platform.
Development bank aims for better settlement with blockchain prototype
R3 is among the companies working with the regional bank on a proof-of-concept to bring efficiencies to cross-border securities transactions.
Court thwarts exchanges’ petition to head off market data threat
The DC appeals court has denied a petition to void a rule that seeks to bring competition to the US consolidated tapes.
Is an EMS an exchange? Vendors alarmed by scope of Reg ATS amendments
Some industry participants are worried that proposed amendments to Regulation ATS could see the trading perimeter expanded to include a wide array of messaging systems.
Natixis: Interop is a buy-side “necessity”
The asset manager is building front-office interoperability based on a canonical data model.
Spot the difference: Why crypto data can’t be treated like traditional market data
As institutional participation in cryptocurrency markets increases, traditional data vendors and new specialist crypto data providers are taking different approaches to supplying necessary data to financial firms.
Waters Wrap: The next evolution of FDC3
Anthony examines how an open-sourced implementation of the FDC3 standard might change the interoperability landscape.
Waters Wrap: Snowflake’s cloud plans and what they mean for the interop movement
Upstart Snowflake hopes to be the global data network that brings true interoperability between data and trading platforms across the capital markets. Anthony says it’s an audacious plan, but one worth watching.
Collaborating to innovate: Franklin Templeton builds out internal/external fintech programs
The asset management giant is strengthening its investment management and data science initiative to streamline innovation within the firm.
Waters Wrap: Blockchain & Boca—A sad story
Anthony takes issue with how blockchain is still being covered in the media and at industry conferences. What else is new?
UBS turns to containerization for its cloud dev ops, security strategies
As the bank has moved 33% of workloads to both public and private clouds, UBS spent the past 12 months building out its enterprise security controls as part of its containerization efforts.
People Moves: Cboe, Broadridge, DTCC, Liquidnet, and more
A look at some of the key "people moves" from this week, including Stephanie Renner (pictured), who has been named senior vice president of international finance at Cboe Global Markets.
Biden approach could leave US behind on crypto regulation
Long timeline of executive order means international community may move faster than US lawmakers
People Moves: Cboe, State Street, Sifma, Arria NLG, and more
A look at some of the key "people moves" from this week, including Mark Goodey (pictured), who joins Arria NLG as managing director and innovation strategist.
Where have all the blockchain startups gone?
Building a startup is hard. Building a blockchain startup is harder. More than 10 current and former financial blockchain builders and users detail their experiences of trying to cut their teeth on a once-darling tech, and the lessons they’re still…
Barclays (and others) strive for machine learning at quantum speed
Embryonic work on quantum neural networks raises hope of faster, more accurate models
Limiting fat-finger errors: Using AI, the ESA and Mosaic aim to make traders more efficient
The European Space Agency is looking to apply space technology and AI to help financial firms better manage risk and find alpha-generating signals. Mosaic Smart Data is now four years into a partnership with the organization and is taking aim at…
Waters Wrap: Google’s cap markets play portends a shift in trade tech philosophies
According to Google’s Phil Moyer, the capital markets are shifting from a world where location determined liquidity, to one where accessibility will be the main differentiator for exchanges. Anthony explores what this could mean for trading firms going…
Eliminating the human touch: Examining RBC’s tech infrastructure evolution
The Canadian bank’s tech infrastructure unit is using Kubernetes as it looks to become a “truly end-to-end digital enterprise.”
SEC sets its sights on fixed-income platforms with Reg ATS revamp
US regulator’s mammoth January proposal has something in it for most US trading systems, but Jo suspects it will be the definitions of exchanges that hit the hardest.
This Week: Bloomberg/HSBC, Refinitiv/Microsoft, IBM, Jump Trading, & more
A summary of the latest financial technology news.