Buy-Side Technology/News
CLS Appoints Central Banker as CEO
Marc Bayle de Jessé brings markets infrastructure and payments experience to CLS.
OpenFin Adds Data Privacy Layer to Operating System
OpenFin has deployed Exate’s data privacy technology to its operating system to help with new rules, such as GDPR.
Human Factor Is Crucial to the Alt Data Gold Rush
While tech advancements are being made, buy-side firms still rely on humans to make sense of alt data.
SFTR Preparations Stifled by Data Availability
While the initial go-live date of SFTR is set for early 2020, data availability and legacy processes remain the leading roadblocks.
Genesis Product Aims to Speed Up Time to Market
Creative Studio provides users the ability to build and customise web-based solutions with minimal coding.
OpenFin Raises $17 Million in Series C Funding
It seeks to solve desktop interoperability issues and expand cloud services with this latest investment.
Rimes Eyes Custom Solutions with New Client Portal
The vendor is revamping its user experience, which will allow for greater customization.
Finastra Appoints Mark Miller as Finance Chief
Miller replaces Rob Binns, who decided to step down.
Human-Machine Fusion Seen as Key to Cyber Defense
Software and flesh-and-blood humans are both important when it comes to protecting an institution, panelists say.
IHS Markit Debuts Client Onboarding Tool
The Onboarding Accelerator offers a dashboard tool to automate manual client-addition processes.
CAT Rollout Moves Forward Following Processor Change
Finra and the SEC are working on identifiers that mask personally identifiable information.
Bond.One Aims to Bring Blockchain to Bond Trading
Bond.One is aiming to introduce distributed-ledger tech to solve issues associated with fragmented fixed-income markets.
Sifma Rolls Out Bulk Transfer Plan
The plan will lay out a common process to move accounts if a broker-dealer falls into difficulties.
Tech Execs Warn on AI Window Dressing
A substantial amount of vendors are making misleading claims about AI capabilities, experts say.
SEC’s Redfearn: US-Style Consolidated Tapes Won’t Solve Trading Data Needs
As European market participants bemoan the lack of a consolidated tape, a senior SEC executive debunks the idea that a pan-European tape, similar to the US, will resolve issues around data access and costs.
Loans Data Provider dv01 Launches Credit Risk Transfer Surveillance Service
The service will allow investors to perform deeper analytics on data from Freddie Mac and Fannie Mae.
Goldman Sachs Exec: Markets Still Too Complex for AI Trading
Humans, and not robots, will still be required for the foreseeable future, say trading vets.
Buy-Side Firms Turn to AI for Efficiency Amid Barriers to Adoption
Assuming that automated artificial intelligence holds the key to unlocking fragmented datasets, the absence of standardized models coupled with regulatory concerns remain barriers to adoption.
Intrinio Raises $5 Million for Data R&D, Institutional Push
The St. Petersburg, Fla.-based vendor will use the funds to expand its data coverage and increase its footprint in the institutional investor space.
INTL FCStone Mulls Outsourced Trading Offering
The company also launched its new prime brokerage division aimed at small to mid-sized funds.
Banks and Bourses Increasingly Combine Cloud, AI for Data Projects
The combination of the two technologies is bearing fruit for firms struggling with legacy architectures, but education and talent remain tough obstacles to overcome.
Data Standardization Remains Top ESG Roadblock
As asset managers seek to incorporate ESG factors into their portfolios, they are facing challenges—particularly around data consistency. Some say custodians could offer solutions.
M Science Rolls Out Weather Data, Visualization Tools for Portfolio Managers
M Data Viz provides granular data on weather events by state and region to support investment processes.
Asset Control Makes a ‘Pass’ at Buy Side with Managed Service
The vendor believes that offering its software platform as a managed service will future-proof its delivery model, as well as open it up to new classes of clients.