Market data
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.
S&P buys ChartIQ to bolster charting, analytics capabilities
ChartIQ’s former owner, Finsemble, will continue to focus on building out its desktop integration business.
Data analytics dominate M&A agenda for exchanges in 2022
While there weren’t many headline-grabbing acquisitions in 2022, the year contained a handful of deals that point to expanding trends in the exchange technology industry.
Consolidated tapes gain ground in 2022
Regulators in the US, UK, and EU moved to push forward market data efforts this year.
In 2022, cloud shows true potential to displace legacy data platforms
Once wary of the cloud, financial firms, their suppliers and the marketplaces where they trade are openly embracing it. And there are more signs of big tech firms accelerating buy-in by literally buying in to clients’ migration projects.
Banks express concern over top venues’ bid for EU consolidated tape
End-users are worried about the repercussions of handing over a data monopoly to the heavyweight operators in the fixed income space.
Waters Wrap: Big Tech, exchanges and a rapidly evolving market
Following LSEG’s partnership with Microsoft, Anthony talks with some industry participants to explore what this might mean for exchange tech going forward.