Funding
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
Waters Wavelength Podcast: Countdown to T+1
DTCC’s Val Wotton joins the podcast this week to discuss the impending move to T+1 in the US.
Managing the FX challenge for T+1
As firms prepare for T+1 in May 2024, DTCC’s Val Wotton says they should also consider the complexities for cross-border trades.
T+1: Complacency before the storm?
This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms
Waters Wrap: Fintech funding—follow the money
As funding for startups and young companies dries up due to inflation and rising interest rates, Anthony looks at some of the vendors that have received monetary infusions this year to see if there are any patterns to be gleaned.
People Moves: Saxo Bank, Eventus Systems, TickSmith, and more
A look at some of the key "people moves" from this week, including Barry Raskin (pictured), who joins TickSmith as head of the vendor’s data practice.
Where have all the blockchain startups gone?
Building a startup is hard. Building a blockchain startup is harder. More than 10 current and former financial blockchain builders and users detail their experiences of trying to cut their teeth on a once-darling tech, and the lessons they’re still…
This Week: Bloomberg/HSBC, Refinitiv/Microsoft, IBM, Jump Trading, & more
A summary of the latest financial technology news.
People Moves: SteelEye, Northern Trust, LPA, Tora, and more
A look at some of the key "people moves" from this week, including Brian Lynch (pictured), who joins SteelEye as president of US operations.
Alt data’s second inning: Brace for a long M&A game
The alternative data sector is still relatively nascent, and as such buy-side firms have struggled with how best to incorporate these non-traditional sources of information. While sources say that there will be continued M&A in the market, how those…
Capitolis to acquire LMRKTS
Deal for multilateral compression provider latest in wave of post-trade tie-ups, as SA-CCR bites
Symphony’s Seven-Year Itch
After seven years and half a billion dollars in funding, Symphony has made strides but arguably has not delivered the “big win” of living up to its early hype as a Bloomberg-killer. Max asks how long its investors will continue to back the venture,…
Now that Oats is scrapped, regulators will have to (Cat)ch up
Retiring Oats is a milestone on the long and winding road to Cat implementation, but the SEC must make some major decisions in a very short timeframe before the Cat journey is over.
Beyond ratings: Vendors look to fill ESG data gaps
Start-ups and non-traditional data providers are exploiting niches where investment professionals can't rely on ratings.
This Week: IHS Markit; IceExchange/ BondLink; TickSmith/Snowflake
A summary of some of the past week's financial technology news.
This Week: JP Morgan, Deutsche Börse, Refinitiv, and more
A summary of some of the past week’s financial technology news.
This Week: Refinitiv; State Street/BlackRock; SteelEye; SimCorp; FEX Global/TT
A summary of some of the past week’s financial technology news.
A kick in the privates: In-demand unlisted stock trading faces tech, transparency challenges
Private stocks are opaque, illiquid, behave differently from public markets, and lack the same infrastructure as public marketplaces, creating back-office integration challenges for firms that want to trade these stocks in a more liquid manner. But as…
This week: Genesis, SmartStream, MarketAxess, Allianz GI, and more
A summary of some of the past week’s financial technology news.
Knowledge graphs show glimpse of full potential
Technologies such as knowledge graphs that look at data in a non-linear manner can not only spot correlations and associations that aid investment analytics, but can also help tackle costly challenges such as change management and regulatory reporting.
BNY Mellon Preps Fintech Accelerator Program to ID Key Tech Solutions
The Connect20 hackathon and the Accelerator Program are designed to "industrialize" BNY Mellon's ability to identify early stage companies providing solutions to key technology and business challenges facing the firm.