Market data
Ex-Gain Capital CEO pays $1M for bankrupt Money.Net assets
Stevens may plan to give Money.Net a new lease of life targeting wealth management clients.
Waters Wavelength Podcast: Episode 236 (Market data, ESG, and interoperability)
Wei-Shen and Tony talk about WatersTech’s three biggest stories of the week.
Putting the ‘green’ in green data: Rise of impact investing drives ESG M&A
Socially responsible investors are putting their money where their mouth is—in ever-increasing amounts. With insatiable demand for new datasets and analytics to support these strategies, it’s not surprising that every data vendor wants a slice of the ESG…
One step closer: How exchanges are seeking tighter relationships with clients
Increasingly, exchanges are trying to get closer to their customers, in a bid to better understand how they use market data. This move may come at the expense of data vendors that are being gradually squeezed out of the exchange-client relationship.
Technical difficulties: OpenFin says it’s committed to FDC3, while others have their doubts
After quietly pulling its Finos membership this year, OpenFin’s involvement—at least in the public forum that governs it—with the interop standard it has championed for years, continues to dip. Though the vendor has re-affirmed its commitment to FDC3…
Waters Wrap: When will Big Tech providers turn sights on the market data space? (And deep learning)
In recent years, the major cloud providers have expanded their service offerings specific to capital markets firms. Some industry observers believe it’s just a matter of time until they get involved in market data M&A activity.
Waters Wrap: Market data & consolidation—a never-ending timeline (And rise of the fees)
While last week it was announced that Exegy and Vela are merging, Anthony says that the deal is only a sign of what’s to come in the market data space. He also poses some questions about the LSE raising its Sedol fees.
Goldman inks modeling, data tie-up with MSCI
The move to cross-sell risk analytics could herald further content deals for the bank’s Marquee platform, says its sales chief.
Leveraging Interconnection and the Cloud for Faster, Smarter Business Decisions
How the Covid-19 pandemic accelerated the digital transformation and the move to cloud-based services for capital markets firms, and the extent to which such offerings will continue to find traction across the industry.
Despite client concerns, LSE’s new Sedol fees take hold
Under the new fee policy, some of the largest users of the LSE’s identifier codes could see their Sedol spend more than double, though the exchange says the “vast majority” of clients will see no increase.
This Week: Bloomberg, Ice, DTCC, & More
A summary of some of the past week's financial technology news.
Waters Wavelength Podcast: Asian exchanges
Keiren Harris, a strategy-based market data consultant and founder of DataCompliance, joins the podcast to talk about exchanges in Asia and their data strategies.
People Moves: HSBC/Solidatus, AWS, West Highland, CloudMargin, and more
A look at some of the key people moves from this week, including Lorraine Waters (pictured), who joins Solidatus as chief data officer.
This Week: ICE, IHS Markit, Commerzbank/Deutsche Börse, TNS & more
A summary of some of the past week’s financial technology news.
SEC overstepping authority in NMS plan, Nasdaq claims in court
Nasdaq's counsel argued that the regulator does not have the power to give more votes to non-exchange organizations in the Sips' operating committees.
Waters Wrap: The looming data storage wars (And Bloomberg killers)
Anthony first looks at the data storage space, explaining that fees are likely to increase for buy- and sell-side firms in the near-term. He also wonders if there’s a market in the terminal/workstation space for innovative startups to gain traction. As…
This Week: Deutsche Boerse, HSBC, S&P Global, Linedata, FlexTrade/QuantFeed & more
A summary of some of the past week’s financial technology news.
Bloomberg’s new data retention policy vexes buy-side firms
Impacted users will have to pay extra costs to retain communications data for longer than two years.
Small alt data providers feel pressure to specialize
GTCOM-US, once a bespoke alt data shop for the buy side, has narrowed its offering to focus on Chinese datasets as the largest alt data players get even bigger.
BMLL partners with quants for HFT regulation
Researchers from a Paris university are using the provider’s data and coding environment to build models for more efficient regulatory approaches.
Waters Wrap: Big Tech takes control of cutting-edge encryption (And consortium flat circles)
In addition to growing their cloud presence in the capital markets, Big Tech companies are, unsurprisingly, taking the lead on encryption and security in the cloud. Anthony sees positives and negatives. He also looks at bank-led consortiums.
What the inevitable ‘publicizing’ of private markets means for investors and exchanges
As markets for trading stock in privately-held companies become more prevalent and exchange-like, and potentially attract more investors, Max questions what impact this will have on fully-fledged exchanges and their offerings.
Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform
Sources say initiative is designed to fend off higher fees and disintermediation in case established multi-dealer platforms start trading CLOs.
Waters Wrap: The nature of data and information (And Ion-List thoughts)
Anthony takes a look at the alternative data industry post-GameStop, and wonders about Ion Group’s strategy going forward after recent acquisitions.