Market data
Dora ‘critical tech vendor’ designation could cast a wide net
Experts think cloud services, data providers and software firms are all in regulators’ sights.
Fenics Market Data’s secret source
The ability of capital markets practitioners to make judicious business and investment decisions is directly determined by the quality of data underpinning those decisions. Fenics Market Data’s Rich Winter discusses the benefits of sourcing data from…
FCA may offer its market data to surveillance tech start-ups
The regulator is concerned that rapid AI adoption will favor incumbent vendors; it aims to launch a sandbox.
What does it take to put a database in the cloud?
There are several ways to migrate an old legacy system to the cloud, but there's always a trade-off.
EU lawmakers struggle to find common ground on equities CT
The debate over a consolidated tape for European equities heated up when a second contender for the role of provider emerged during the EU’s trilogue process. But as the bloc’s three legislative bodies try to reach a compromise, commercial interests are…
UBS found no advantage in quantum computing—ex data chief
The Swiss bank tested various use cases in its trading business before giving up on the technology.
A fully cloud-hosted exchange is coming—but for now, one piece at a time
Execs from Google, LSEG and NYSE discuss how exchanges are beginning to leverage the true potential of the cloud.
Deutsche Börse seeks seat at tech leader table with SimCorp buy
With exchanges such as Cboe, Nasdaq, LSEG, and ICE leading the pack of exchanges that double as technology companies, the German exchange is playing catch up with its proposed offer for buy-side tech vendor SimCorp.
French regulator turns up the heat with spot checks on market data providers
The AMF’s move has left industry observers wondering if this will lead other regulators in Europe to follow suit.
Alt data’s growing pains: Integration and aggregation challenges stall wider adoption
Demand for alternative data continues to grow among investment firms. So why are some alt data providers taking products off the market?
Negotiating data contracts is all about KYC—Know Your Counterparty
Peter Esler argues that research, preparation and integrity to promote long-term business relationships are just as important as getting the price you want in the short term.
Big bank mergers, big cuts in data spend? Not so fast, experts say
With hundreds of millions of dollars spent per year on data and associated technologies, a merger the size of UBS’ takeover of Credit Suisse has the potential to take a huge chunk out of data vendors’ revenues. What’s the path forward?
S&P Global–IHS Markit post-merger: One giant leap for data analysis?
The combined entity will look to tap into AI tools provided by S&P’s Kensho outfit and AWS’ cloud to build new analytics platforms.
BloombergGPT: Terminal giant enters the LLM race
Bloomberg has developed a large language model with the aim of improving its Terminal’s ability to provide sentiment, charting and search.
Waters Wavelength Podcast: Episode 262 (Previewing Nafis)
Wei-Shen and Tony take a look at what’s to come at the North American Financial Information Summit (Nafis).
Waters Wrap: On SVB, Credit Suisse and questions left in the wake
After the latest 'crisis' that claimed Silicon Valley Bank, Credit Suisse and others, Anthony questions whether anyone will learn a lesson.
Hurry up and wait: EU debates potential models for ‘essential’ consolidated tape
As the legislative debate surrounding a future European consolidated tape for equities takes on increased urgency, market participants and interested parties are beginning to weigh in with their visions of a successful tape.
Market data consumers buy the same products at massively different price points
A new study finds that asset managers are paying several times more than their peers for the same services—but why? And can it be fixed? Does it need to be?
Citadel Securities, Jane Street battle fixed-income connectivity challenges with MultiLynq buy-in
Increased electronification of fixed income markets requires more connectivity, which entails greater costs for firms to connect to a growing list of trading venues.
Index fees fatigue: Regulators, startups move in on the big 3 providers’ $5 billion business
Users of index data often complain about the fees they have to fork out, particularly to the likes of S&P, FTSE Russell, and MSCI. WatersTechnology examines the state of the industry and what will disrupt the status quo.
SEC’s $5M Bloomberg BVAL fine targets ‘dark magic’ in fixed income pricing
Recent actions against Bloomberg and Ice for violations relating to evaluated pricing services suggest the US regulator may be setting the stage for stricter regulations to govern the sector.
Waters Wrap: For data managers, the new problems are the same as the old
While much attention has been given to cloud, AI, blockchain and other buzzwords, without a proper data foundation, those tools will not deliver the results that have been promised.
Industry participants: ‘Digital Token Identifier’ aims to increase interop, usage
While some trading firms are welcoming the use of a new non-proprietary code for identifying digital tokens, the onus will be on local regulators to enforce its adoption.
Bank-backed Versana takes aim at syndicated loan tech
Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.