UBS
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.
People Moves: Broadridge, IEX, DTCC, and more
A look at the past month’s people moves in the capital markets technology and data space.
The coming AI revolution in QIS
The first machine learning-based equity indexes launched in 2019. They are finally gaining traction with investors.
All eyes turn to North America as T+1 arrives
As T+1 settlement becomes a reality in North America, long-lingering questions will get their answers.
MSCI counts the cost of bank M&A, looks ahead to custom indexes, AI
Cancellations of overlapping contracts following a bank merger put a dent in MSCI’s earnings, but management remains upbeat about the potential of recent acquisitions and new technology developments.
Waters Wrap: As quantum’s skeptics grow in number, believers need better messaging
As you explore ways to use genAI, do you benefit from having ML and NLP experts on staff who have followed AI evolution for years? Anthony thinks that’s an important question when talking about quantum exploration.
Quantum computing: a problem for another generation?
Some banks have soured on quantum exploration. Others are playing a game of wait and see.
Opra outages cause consternation in options markets
UBS warned clients they were looking at “bad data” on options screens
This Week: Google Cloud/Regnology, Nasdaq, DTCC, and more
A summary of the latest financial technology news.
Europe’s AI Act is taking shape. How will the UK respond?
As the EU pushes through a historic AI Act, its neighbor is left wondering how to keep up.
This Week: Broadridge/UBS, Bloomberg, MarketAxess, ICE, and more
A summary of the latest financial technology news.
Goldman’s Marquee is a gradual revelation
Multiple apps are being corralled into a sticky cross-asset ecosystem, updated with Python and cloud
UBS found no advantage in quantum computing—ex data chief
The Swiss bank tested various use cases in its trading business before giving up on the technology.
Big bank mergers, big cuts in data spend? Not so fast, experts say
With hundreds of millions of dollars spent per year on data and associated technologies, a merger the size of UBS’ takeover of Credit Suisse has the potential to take a huge chunk out of data vendors’ revenues. What’s the path forward?
Should I stay or should I go? What data execs can expect from the UBS–Credit Suisse merger
With major job cuts expected to result from the acquisition of Credit Suisse by UBS, how will such big changes impact those in data and technology roles at the firms?
Waters Wrap: On SVB, Credit Suisse and questions left in the wake
After the latest 'crisis' that claimed Silicon Valley Bank, Credit Suisse and others, Anthony questions whether anyone will learn a lesson.
Hacked off: banks demand answers after Ion cyber attack
Clients have been left in the dark about the ransomware attack that disrupted futures trading last month.
Treasury traders remain wary about adopting algos
Yet proponents insist US government bond market is ‘ready for disruption’
All the pieces fit: connecting trader voice and messaging across workflows
Cloud9 expands Symphony's communication channels to trader voice, in an effort to simplify workflows as Wall Street struggles with compliant communications.
Chill winds blow for Capitolis’s equity swap platform
The fintech’s effort to revive off-balance-sheet funding runs into market and regulatory turbulence.
Continuous evolution: Researchers work to specialize NLP for finance
From academics to data teams at investment banks, those in and adjacent to the capital markets are looking to specialize natural language processing models to understand and break down financial data.