Waters - Q1 2026
Articles in this issue
Pennsylvania entity files antitrust suit against Cusip Global Services
Complaint challenges CGS’s position as the US national numbering agency.
CME rankles market data users with licensing changes
The exchange began charging for historically free end-of-day data in 2025, angering some users.
Wilshire Indexes shutters, transfers operations
Investment firm Wilshire has told clients that production and publication of all indexes not already sold or returned to the asset manager’s ownership will be discontinued.
After the shuttering of Wilshire Indexes, the indexes space is a little tighter
The IMD Wrap: Max analyzes the winding up of Wilshire Indexes, a venture not yet three years old, and what the move means for the index industry and its consumers.
LSEG ‘acted in bad faith’ in MayStreet acquisition, new court filing alleges
Lawyers for Patrick Flannery have responded to LSEG’s motions to dismiss the suit for fraud and breach of contract related to the 2022 acquisition.
LSEG files second motion to dismiss lawsuit with MayStreet co-founder
Exchange group has denied abandoning the MayStreet business in a new filing, responding to allegations put forward by former MayStreet CEO Patrick Flannery.
SigTech’s closure amid agentic AI boom raises questions
Sources say competition from leading AI companies was too stiff to combat.
Geopolitics hits Middle East datacenters and firms’ operations
The IMD Wrap: Wei-Shen examines recent disruptions to AWS datacenters in the Middle East linked to the US-Israel strikes on Iran, and what it means for data and businesses operating in the region.
Fintechs grapple with how to enter Middle East markets
Intense relationship building, lack of data standards, and murky but improving market structure all await tech firms hoping to capitalize on the region’s growth.
Bloomberg Terminal’s agentic play shows rapid change in trading tech
Waters Wrap: The data giant’s conversational AI interface might seem novel, but others say having one is becoming a bare minimum in the world of trading technology.
GenAI and data quality converge at T. Rowe Price’s (Data) Lake Como
Jay Como was hired by T. Rowe Price in 2023, just as generative AI was rippling across the capital markets. Rather than accepting data quality as a hindrance to AI development, his team wants to use AI and agents to help solve this long-standing issue.
‘The end of the beginning’: Brown Brothers Harriman re-invents itself
Voice of the CDO: Firms who want to use AI successfully better start with their metadata, says BBH’s Mike McGovern and Kevin Welch.
Digital employees have BNY talking a new language
Julie Gerdeman, head of BNY’s data and analytics team, explains how the bank’s new operating model allows for quicker AI experimentation and development.
Jump Trading CIO: Prop AMMs allow users to create ‘a mini Jump Trading’
Dave Olsen said at FIA Boca that a new concept, proprietary automated market-makers, had grabbed the firm’s attention this year.
Fidelity expands open-source ambitions as attitudes and key players shift
Waters Wrap: Fidelity Investments is deepening its partnership with Finos, which Anthony says hints at wider changes in the world of tech development.
SocGen streamlines corporate actions with Euroclear tool
The French bank is deploying the Cash+ service to help improve the elective dividends process.
JP Morgan gives corporates an FX blockchain boost
Kinexys digital platform speeds cross-currency, cross-entity client payments.
Florida and folly: Boca attendees forecast the future of market structure
Prediction markets, 24-hour trading, and tokenization were the topics du jour at FIA Boca this year, indicating that markets are getting more comfortable with the unconventional.
Where have four years of Cusip legal drama gone?
The IMD Wrap: The antitrust case against Cusip Global Services has been a long, winding road. Reb recaps what you might have missed.
The quantum leap: How investment firms are innovating with quantum tech
While banks and asset managers are already experimenting with quantum computing to optimize operations, they should also be proactive in adopting quantum-safe strategies.
Market data cost increases slow, but prices still outmatch budgets
The market for market data is in flux as procurement teams are buoyed by C-suite attention, AI, and competitive tension. But providers are trying to protect their moat.
Reddit fills gaping maw left by Twitter in alt data market
The IMD Wrap: In 2021, Reddit was thrust into the spotlight when day traders used the site to squeeze hedge funds. Now, for Intercontinental Exchange, it is the new it-girl of alternative data.
Securities industry nears tipping point for dual messaging standards
Industry groups call for a freeze on ISO 15022 maintenance to accelerate ISO 20022 adoption.
Risk managers question US reach of Dora third-party list
Some EU subsidiaries included, but regulator control over cloud providers could still be limited.
Banks split over AI risk management
Model teams hold the reins, but some argue AI is an enterprise risk.
