Surveillance
Vendors add surveillance support for WhatsApp alternatives
Concerns about data leakage have driven some users to rival privacy-focused messaging apps like Telegram and Signal, as WhatsApp policy changes come into force on May 15.
People Moves: HSBC AM, Trumid, SIX, and more
A look at some of the key "people moves" from this week, including Paul Griffiths (pictured) who has been appointed global head of institutional business at HSBC Asset Management.
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.
Engineers tap machine learning to improve graph analytics
Augmenting graph analytics with AI can detect more complicated anomalies, vendors say.
SEC attorney defends personal information in the Cat
Regulators will need biographical information to get the most out of the Consolidated Audit Trail, advisor said, as broker-dealers and exchanges argue over liability for breaches.
This Week: SGX/Trumid/Hillhouse, Northern Trust/IHS Markit, LME, Six, and more
A summary of some of the past week’s financial technology news.
EU firms face operational burdens if UK denied data protection adequacy
A no-adequacy decision could create new logistical issues for compliance teams and data managers operating across the UK and the EEA.
Crunch Time for Covid-Era Tech
Covid culture is set to continue this year, as are the associated changes to working practices in the financial markets and the technologies that support them. Max wonders what the new ‘virtual’ reality will look like in 2021 and beyond.
Machine Learning in the Capital Markets 2020: ML Spreads During Pandemic
WatersTechnology looks at how 10 different firms are embedding machine learning algorithms into their platforms and tools.
TradingHub Looks to Analyze Aggregated Client Data to Improve Market Abuse Risk
The service would aim to allow buy-side firms to proactively monitor for trading abuse, rather than react after the event.
EU’s Cloud Vision Still Pie in the Sky
The supporters of a plan for a federated cloud architecture in Europe held a conference to discuss development plans, but it’s still unclear how the concept will work in practice.
Waters Wrap: Is AML Tech Worth the Cost? (And Cloud Moves & More Blockchain)
Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
AML Platforms ‘Are Just Not Working’—Is Human Error or Tech the Culprit?
Technologies meant to detect and stop financial crime may add more headaches than they relieve. Others say that the best tech can't overcome how bankers use these tools. The AML dilemma likely falls somewhere in the middle.
Wells Fargo’s Head of Quant Strategy Explains HPR Deployment
Wells Fargo’s Quantitative Prime Services division has tapped HPR’s Unimus platform, starting with its market access gateway and risk management tool.
Waters Wrap: The M&A Market Heats Up (And Some Quantum Computing News)
What do Liquidnet and Trading Technologies (and others) have in common? Anthony explains. He also discusses advancement—and disillusionment—in the quantum space.
Eventus Systems to Add ML-Driven Trader Profile Feature to Validus
The new functionality will help to give context to market manipulation alerts.
Waters Wrap: Unintended Consequences & AI Regulation (And Mobile Trading Reg & BERT NLP)
Due to the pandemic and rapid advancements in the fields of AI and mobile technology, regulators in the US and Europe have unique challenges on their hands.
SteelEye Unveils Tool to Slash Trade Reconstruction Timeframes
Officials say the new product will enable firms to aggregate and correlate the data required to fulfill trade reconstruction obligations within seconds.
Covid Could Cause US Regulators to Rethink Surveillance
Not having specific requirements and procedures for firms to refer to ended up putting some funds in a tough place during the pandemic’s early days.
Aquis Exchange Progresses with NEX’s Tech Migration
The exchange initiated the tech overhaul after realizing some of the NEX platforms were “out of date” and “terrible”.
Waters Wrap: What’s This ‘ESG’ You Speak Of? (And Thoughts on Cybersec & Cloud Delivery)
As ESG becomes more popular, Tony believes that a great decoupling needs to happen.
This Week: Bloomberg, Isda, Wolters Kluwer, Refinitiv, Aquis, DTCC, and more
A summary of some of the past week's financial technology news.
NICE Taps SIX-Xignite Cloud Data Combo for Trade Surveillance
In addition to supporting NICE Actimize's needs, the partnership opens SIX up to new potential audiences beyond its back-office feed clients.
SteelEye to Hire CME Reg Reporting Talent
While many firms have enforced hiring freezes during the pandemic, the regulatory reporting vendor has plans to aggressively grow its staff count.