Waters - Q2 2026
Articles in this issue
Pimco replaces Bloomberg EMS with TS Imagine
Fixed income giant is shrinking its Bloomberg EMS footprint, though not removing it completely, sources say.
‘Vibe coding is burning us out’
Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of…
LSEG paid $275 million for MayStreet, court documents say
Amid the ongoing MayStreet–LSEG lawsuit, lawyers for the exchange group filed documents last week that reveal the price tag of the deal and the earnout amounts at the center of the case.
LSEG makes final case for dismissal of MayStreet lawsuit
Lawyers for both LSEG and MayStreet founder Patrick Flannery have argued the lawsuit’s merits through various legal filings for almost a year.
The race to ‘financialize’ GPU compute set to ratchet up
The Waters Wrap: Anthony looks at two companies aiming to bring efficiency and transparency to the GPU compute market.
Where a US antitrust case and a data law meet
The Waters Wrap: Regulators’ choice not to endorse a securities identifier under a new law keeps business as usual for firms required to pay Cusip license fees—but Reb isn’t ruling out a shake-up just yet.
US regulators remove FIGI proposal from joint FDTA rules
The Financial Data Transparency Act’s final rules omit an earlier proposal to establish the FIGI as a common financial instrument identifier across regulatory reporting activities.
EU AI Act leaves agents in regulatory limbo
A new paper published by AI ethicists draws attention to a hole in the EU AI Act surrounding high-risk agentic systems.
Data industry spend hits $50B for first time in new report
A new product by BCG Expand will track market data vendor size and market share as it seeks to show data users where the market is heading.
Stuck in the sandbox: Why bank stablecoin projects struggle to get off the ground
Five years after a wave of banks announced stablecoin ambitions, most projects remain stuck in testing. WatersTechnology spoke to more than 25 experts to find out why an increasingly mature technology has yet to translate into production-grade bank…
Bootcamps and peer pressure: Goldman preps staff for AI future
The tone from the top is not enough, says chief information officer Marco Argenti.
Fidelity Labs: One model to rule them all
Fidelity Labs’ latest AI undertaking involves repurposing baseline AI tooling across the organization.
Hitting the Great Wall: Details scarce on China’s Xinchuang initiative
In a quest to learn more about China’s Xinchuang initiative, Wei-Shen finds trying to get information feels like running into a wall over and over again.
EU exchanges shake up data policies ahead of new pricing rules
As each EU exchange interprets the RCB regulation differently, market data users across the industry are left to grapple with the new pricing policies changes
24X says requested SIP exemption won’t break the market
In a new letter to the SEC, the startup exchange says data infrastructure that operates like the SIP is available as it looks to launch overnight trading this summer.
24X National Exchange faces uphill battle in exemption fight
The Waters Wrap: 24X wants exemption from the requirement that the SIP be operational during overnight hours for its overnight session to proceed. Nyela explains why that’s asking a lot.
Is alt data betting on prediction markets?
The Waters Wrap: Prediction markets are riddled with legal uncertainties, but they also might be one of the richest new data sources seen in years, writes Nyela.
Can Canada follow in the US’s footsteps in overnight trading?
Canadian marketplaces and trading venues are in a race to see who can first authorize overnight equities trading, but not everyone is convinced of its value.
AI won’t stay in its risk category
For the first time, JP Morgan filed a form 10-K listing AI as a standalone risk factor—a sign of how banks are rethinking previously defined risk categories and their overall risk profile.
MCP is dead, long live MCP
The Waters Wrap: Reb dives into the trenches of the online developer community to see whether its reputation as the great enabler of the AI age is justified.
How banks are utilizing new AI forms in their KYC process
Execs from JP Morgan, ING, and Standard Chartered explain how they are looking to use agentic AI to streamline KYC workflows.
DeFi and TradFi firms are borrowing each other’s benefits
The Waters Wrap: As blockchain tech gains a small foothold in market data, Nyela says the thing separating blockchain’s previous craze and its second wind is choice.
Will SEC reporting proposal supercharge alt data providers?
An SEC proposal that would let companies opt out of quarterly reporting disclosures could be a boon for alternative data providers.
Old data practices key to navigating new agentic ambitions
Metadata and data quality are not as sexy as autonomous agents, but data executives across the capital markets warn that they are integral to successful agents.
Suspect in killing of CJC market data engineer captured
Sandra Villena’s alleged killer was arrested after more than three years on the run and will be extradited to Ecuador, where he is charged with femicide.
