The Waters Cooler: Drink wine and avoid talking to morons

UBS’ narrative alpha ML tool; SS&C fighting a ‘Frankenstein’ perception; why Citadel (and others) aren’t IPO’ing; and even more tape providers emerging. Lots to get to.

Pssst, meet me at the Waters Cooler. … I do love a good gossip. These weekly roundups are, by design, intended to include a certain amount of snark. Call it our somewhat cynical critique of news that we think deserves a second look. 

There, now here.

Now, as a prim and proper English gentleman, while I love gossip, I abhor snark. But almost 20 years in New York have changed me to the extent that while my delivery may still be Hugh Grant-ish, the content has become

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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