Standardization
In the race to institutionalize crypto, participants eye familiar tech ‘wrappers’ for new assets
Despite the development of digital assets overall, and interest in cryptocurrencies remaining strong among individual investors and niche firms, widespread institutional adoption remains muted. Wei-Shen Wong looks at the tools being developed to support…
Broadridge data ontology aims to simplify multi-asset trade data
The tech provider is using the ontology internally to integrate multiple systems and sees prospects for wider industry adoption.
After lengthy fight, Bloomberg’s Figi recognized as official US data standard
The Figi is free to use, and becomes the second reference data standard alongside Cusip, authorized for financial instrument identification by the American National Standards Institute.
McKenna’s Gold: The woman who raised the standard for standards
This year’s inductee into the Inside Market Data Hall of Fame is Karla McKenna, a 35-year Citi veteran and standards advocate who is now Americas managing director of LEI standards body Gleif.
People Moves: Anna, Cowen, UBS, HKEx, and more
A look at some of the key "people moves" from this week, including Slawomir Zajac (pictured), who will represent Krajowy Depozyt Papierów Wartościowych SA on the Anna board.
Technical difficulties: OpenFin says it’s committed to FDC3, while others have their doubts
After quietly pulling its Finos membership this year, OpenFin’s involvement—at least in the public forum that governs it—with the interop standard it has championed for years, continues to dip. Though the vendor has re-affirmed its commitment to FDC3…
Waters Wrap: When will Big Tech providers turn sights on the market data space? (And deep learning)
In recent years, the major cloud providers have expanded their service offerings specific to capital markets firms. Some industry observers believe it’s just a matter of time until they get involved in market data M&A activity.
Cohesion on ESG Standards Still Elusive, Despite Biden Win
While many expect the president-elect to take a bullish stance on environmental issues, it's unclear what a new dispensation can do for the dilemmas around ESG standards.
Asset Managers Fear ESG Data Disclosure Gap
Investment firms need data to meet upcoming regulatory requirements. But corporates aren't making this data available in high enough quantity or quality.
Qontigo to Launch SRI Indices
The new offering, which will launch 'in the coming months', will impose stricter screenings on the ESG investible universe.
Bloomberg's FIGI: A Case of Red Light, Green Light
After the route toward accreditation via the ISO petered out, Bloomberg is vying to establish its reference data standard as a system of record in the US, following a win in Brazil.
Data Standards Can't Keep Up with Data Use Cases
In the era of big data, standards take too long to adopt, say industry participants.
Slow Road to Consensus: CFTC's Behnam Talks Climate Risk
As CFTC commissioner Rostin Behnam’s report on climate risk to the financial system is published, WatersTechnology speaks to Behnam about data, greenwashing, and gaining support in Washington.
Asset Managers Strive to Differentiate ESG Strategies
PanAgora and Manulife have incorporated alternative datasets and internal industry handbooks, respectively, into their ESG strategies.
Morgan Stanley and EPAM Systems Contribute to Finos Open Source Movement
Morgan's Morphir offering is a transparency and efficiency tool for both users and developers; EPAM's GLUE is aimed at the buy side.
Isda 'Create' Marks Important First Step Toward Smart Contracts
WatersTechnology goes inside Isda Create to see how the organization is aiming to bridge the gap between the worlds of paper contracts and legal data.
Synechron Aims to Normalize ESG Ratings
The company is launching a new workbench in Q4, along with other prototypes and new accelerators.
Finos Targets Retail Banking
The open-source nonprofit is looking to leverage its capital markets membership to expand its footprint.
CME Reg Reporting Competitors Vie to Fill the Void Ahead of Withdrawal
With over five months to go until CME unwinds its regulatory reporting businesses, competing firms are pushing to fill the service gaps and grab a slice of the market share.
BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation
The central bank's report on the future of post trade will face the same competitive interests that have hindered previous attempts at eliminating inefficiencies and bringing automation to the back office.
Finos Sees Opportunity for Open Source in RegTech Space
The nonprofit is reaching out to regulators to determine where open source could ease regulatory burdens on financial institutions, while keeping them competitive with tech companies.
Banks Need a Hybrid Approach to Cryptography in Face of Quantum Threat
Execs from Barclays, IBM & Post-Quantum discuss why financial firms have to start preparing today for the future of hacking and quantum computing.
Barclays Revamps BARX Platform Using OpenFin
Executives from Barclays discuss why the bank is transforming its BARX trading platform and what that might mean for the future of trading desktops.
Trading Venues Aim to Unlock Value of Green Bonds
Tech providers are looking for ways to increase liquidity in climate bonds, a tiny but fast-growing corner of the fixed-income universe.