Trading Tools
HSBC Securities Arm ‘Strangles’ Legacy Tech with API Wrapper
The securities services business has embarked on an API strategy to offload its legacy tech and produce better connected products.
Nomura’s Head of Digital Warns of AI’s Predictive Limitations
The investment bank’s deputy chief digital officer says machines cannot predict markets, as the bank consolidates trading operations and builds an AI trading platform for fixed income and FX.
EU Consolidated Tape: Support Wanes With Lack of Answers
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
Colt Cuts Japan–Hong Kong Latency to Sub-41ms
Beyond new latency reductions between Tokyo and Hong Kong, Colt will continue to optimize its routes and expand its network coverage.
MEMX Builds Out Infrastructure as it Waits on Regulatory Approval
The exchange’s CEO and COO discuss its matching engine, Intel partnership, cloud strategy and plans for the future.
Euroclear to Roll Out Fixed Income Data Services
The post-trade firm and custodian will launch new data services for fixed income liquidity and APIs for its reference data offerings.
GLMX Looks to Sec Lending and Swaps for Electronification
The platform provider is looking at opportunities in securities lending and swaps, as it pursues expansion in Europe.
This Week: Charles River, Broadridge/IBM, Dash, TT, GAM/SimCorp
A summary of some of the past week’s financial technology news.
Brown Brothers Harriman To 'Transform' Its Fund Accounting Service by 2021
The bank is in the throes of a hefty transformation project within its Investor Services division, which began with machine-learning efforts last year.
Cboe Plans Comeback in Crypto Markets
The US exchange is again planning to offer crypto derivatives, while after previous attempts to gain regulatory approval to list crypto ETFs were thwarted.
Wavelength Podcast Ep. 178: MEMX’s CEO & COO
Jonathan Kellner and Tom Fay join to discuss the Members Exchange.
Nasdaq Updates Surveillance Offering to Build Trader Profiles to Catch Spoofing
The company is combining different data sources to help users spot market abuse and manipulation.
FIS Acquires Virtus to Expand Managed Services in Credit Space
FIS is looking to integrate Virtus technology platforms into its back-office solutions.
SEC Democratic Commissioner Slams CAT Delays
Robert Jackson dissented from a new proposed order to modernize exchange data.
Quant Funds Look to AI to Master Correlations
Machine learning shows promise in grouping assets better and predicting regime shifts, say fund managers.
For the App Interoperability Movement, 2020 will be a Big Year
While progress was made in the desktop application interoperability space in the last year, Anthony Malakian says 2020 is likely to see some major developments that will help to push this movement forward.
Blockchain in the Capital Markets: Slow Progress in 2019
While real blockchain rollouts are still few and far between, some firms made progress in 2019. Here are 18 projects in some stage of development.
Machine Learning Takes Hold in the Capital Markets: Some Examples
WatersTechnology looks at 16 projects in the capital markets that involve machine learning to show where the industry is heading.
This Week: Fidelity Digital Asset, State Street, HSBC, Instinet, INTL FCStone, Quantopian
A summary of some of the past week’s financial technology news.
Intercept: AQR’s Risk-Catching Machine
CRO Mike Patchen has helped build a system to identify risks before they grow or spread.
Ahead of Test, CAT Faces Hurdles with Reporter Agreement
Sources say broker-dealers have not yet signed an agreement allowing them access to the test environment.
Wavelength Podcast Ep. 175: Tradeweb's Billy Hult
Duncan Wood interviews Tradeweb's Billy Hult about the changing trading landscape.
Horizon Software Adds Market-Making, Hedging Algos to Library
Clients can use the algos from the libraries to connect to their existing algos and strategies.
Systematic or Discretionary: Point72’s Granade Says Lines Are Blurring
At Waters USA, the chief market intelligence officer of hedge fund Point72 discussed how tech and data are disrupting traditional ideas about investing.