Open source
Inside look: How Big Tech is using generative AI to win over finance
Execs from Amazon, Google and IBM explain their capital markets strategy when it comes to rolling out new AI tools.
The loan market has a new identifier, but the path to adoption isn’t clear
The CEI aims to bring interoperability to loan trading, but it’s entering a market dominated by a long-standing incumbent.
Connective tissue: S&P's InvestorAccess enables secondary market-like trading of primary issues
Through a combination of its own technology and partnerships with fixed-income mainstays Bloomberg and Tradeweb, S&P is looking to create end-to-end workflows to simplify trading of primary bond issues for both buy-side and sell-side firms.
Waters Wavelength Podcast: Symphony’s Brad Levy
Symphony’s CEO Brad Levy joins to discuss the future direction for the company and ESG data and analytics.
State of the tech: A half-year check-in with large language models
AI is having a moment, and data vendors and software providers are seizing on it. Some are building models in-house, while others are looking to third parties to power their strategies—but the focus is largely on productivity and faster data access…
Waters Wrap: What’s next for desktop interop?
Anthony takes a look at the desktop application interoperability space—how we got here and where he thinks it's going.
Waters Wrap: Goldman Sachs and the facts and fiction of being data driven
Neema Raphael, CDO and head of data engineering for Goldman Sachs, explains what he believes it means for a firm to be data driven.
Waters Wrap: Numerix, Fincad and the new world of M&A
Anthony says Numerix’s acquisition of Fincad is indicative of where technology development in the capital markets is heading.
New chatbots reveal limitations of legacy API development
As large language models that underpin the likes of ChatGPT and Bard come to market, vendors and trading firms are starting to see the benefits—and challenges—that open APIs provide.
This Week: Finos, Cboe Global Markets, Aiviq/Alliance Bernstein & more
A summary of the latest financial technology news.
Waters Wrap: The DTCC, Cusip and questions of a monopoly
While the companies that oversee Cusips find themselves embroiled in a lawsuit, Anthony questions where the DTCC stands in this unfolding drama.
This Week: Euronext, STG/Alveo, Ice, Mizuho/Bloomberg & more
A summary of the latest financial technology news.
Certified FDC3: Finos reveals interop vendors compliant with open-source standard
Following Finos’ long-awaited release of its new FDC3 compliance testing framework, two of the three major container-based interoperability providers have received badges certifying their adherence to the growing industry standard.
BMO CIO: Open source boosts internal risk platform performance
The bank’s proprietary solution uses Apache Spark to calculate forward-looking loss scenarios in its loan portfolios.
Waters Wrap: The buy side, the changing nature of buy v. build, and how fintech has evolved
Neal Pawar, the former CTO of AQR and current COO of Qontigo, chats with Anthony about some of the major trends that are changing how asset managers interact with the vendor community, and how this shift mirrors the most significant evolutions in capital…
Waters Wrap: Fintech funding—follow the money
As funding for startups and young companies dries up due to inflation and rising interest rates, Anthony looks at some of the vendors that have received monetary infusions this year to see if there are any patterns to be gleaned.
Adaptive pushes low-latency open-source messaging
The London-based consultancy is looking to engage firms and exchanges on its Aeron messaging technology, which it acquired earlier this year.
Finos will host common domain model for Isda, Isla and Icma
The non-profit will provide a neutral, open-source repository to help the trade associations govern and maintain the CDM.
In finance, all APIs are not created equal
With the rise of APIs, it’s easier than ever for companies to position themselves as open to collaboration and eager to provide access, but some of these access points tell a different story under the hood.
FDC3 updates interop standard with 2.0 rollout as adoption grows
Finos gets ahead of FDC3’s critical mass by making breaking changes to the desktop interop standard, including baked-in data exchange.
FDC3 creator sets sights on cloud-based interop with new company
Nicholas Kolba’s new venture aims to provide cloud-based interoperability for financial services apps—free of desktop containers and proprietary implementations.
Waters Wrap: After Symphony, David Gurle’s new opus looks to distributed cloud storage, compute
The creator of Perzo/Symphony has started a new company called Hive. Anthony chats with David Gurle to see how the startup will look to disrupt the cloud space.
Waters Wrap: The Big Tech cloud providers are coming for your toys
Anthony thinks that the fintech community should be looking over their shoulders as the major cloud providers are going to disrupt financial markets even more than they do today.
Waters Wrap: The next evolution of FDC3
Anthony examines how an open-sourced implementation of the FDC3 standard might change the interoperability landscape.