Emerging Technologies
Amazon expects $900M+ per quarter from extending server life
The cloud provider is following the server lifespans imposed by rivals Google and Microsoft last year, in a move expected to yield more than $900 million in Q1 2024.
This Week: BMLL makes historical datasets available on Snowflake; Tradeweb; Interop.io; and more
A summary of the latest financial technology news.
Ticking clock: Firms in Asia face unique T+1 challenges
Firms in Asia worry about unintended consequences of massive change to settlement cycle.
GenAI or replatforming? Bank CTOs disagree on budgetary spend
Voice of the CTO: In part one of a five-part series, several bank technologists discuss where they are looking to spend their budgets this year, and what hurdles stand in the way of experimenting with generative AI.
AI expert warns of algo-based market manipulation
An artificial intelligence professor warns of machine learning ‘arms race’ for regulators against those seeking to use new technologies to manipulate financial markets.
Waters Wrap: The end of Cobol?
With the rise of generative AI, Anthony wonders if the days of Cobol are numbered.
This Week: Europe’s Mifir review, FIA Tech, TRG Screen, UPI implementation, and more
A summary of the latest financial technology news.
Citi details API for HKEX’s Synapse
New pieces of technology, like Synapse, assist Citi in migrating clients to newer technologies, and newer ways to settle and clear more efficiently.
Microsoft exec outlines ambitious capital markets strategy
As banks take a cautious approach to generative AI, Bill Borden believes Microsoft’s “copilots” will prove transformative in the capital markets.
Waters Wrap: A glimpse of 2024 through the looking glass of 2023
Anthony examines some of the biggest stories from the past year to preview what might be ahead.
Will generative AI crack the code for bank tech teams?
Banks could roll out tools to help translate old—or write new—code within months.
The IMD Wrap: AI efforts will force renewed focus on data in 2024
Machine learning and generative AI offer a tremendous opportunity to help users obtain more insights from raw data, but these tools first need perfect datasets on which to base their decisions.
Alliances and experiments: Trading firms get innovative in 2023
Rebecca offers a recap of the year's most notable technology use-cases led by sell-side and buy-side institutions.
Quant shop preps NLP-powered index for physical climate risk
Sharp rise in extreme weather events prompts PGIM Quant to aim for better climate-risk pricing
Generative AI is here to stay, even if the path forward is unclear
Chatbots and large language models dominated the AI conversation this year with the expectation that 2024 will bring more innovation and use cases to the forefront.
Waters Wrap: Big Tech’s capital markets expansion continues
Anthony looks back at some of the major cloud and AI projects involving the likes of Amazon, Google, IBM, Microsoft, and/or Snowflake in 2023.
Fixed income in 2023: Mergers, modernization, and mysteries, oh my!
Between tech revolutions, secret EMSs and electronified bonds, the fixed-income market saw major advancements over the last 12 months
Hunting for reliable low latency, HFTs look to novel techs in 2023
WatersTechnology looks at advancements in market data latency technology and what role the cloud can play.
Multicast in the cloud—no longer a pipe dream
Colt Technology explains the process it went through to make it possible to distribute multicast market data in the cloud.
This Week: Danske Bank/Netdania, Tradeweb/BlackRock, TMX, and more
A summary of the latest financial technology news.
AllianceBernstein: fine-tuning shrinks gen AI ‘hallucinations’
Asset manager says its tweaks have improved accuracy of LLM models.
How money laundering episodes catalyze the battle against financial crime
Deutsche Bank’s Mathew Kathayanat and Jie Yi Lee say that the implementation of digital identity management systems will help banks to get a handle on their AML/CTF monitoring needs.
Waters Wavelength Podcast: BMO on market structure
This week, Joe Wald from BMO joins the podcast to discuss the SEC’s market structure proposals.
This Week: FlexTrade/BTON, Bloomberg, MarketAxess, Tradeweb, and more
A summary of the latest financial technology news.