Exchange technology
Cboe migrations give exchange a foothold in Canadian equities
Exchange group looks northward in global expansion drive with completion of three trading system acquisitions
Academics use granular data for futures market predictions
Researchers at NYU’s Courant Institute of Mathematical Sciences are using granular futures data from BMLL for research on less-covered futures markets.
Waters Wrap: How the LSEG-MayStreet tie-up might change the buy/build debate
Anthony looks at some of the questions that came up from industry participants in the wake of the LSEG-MayStreet deal.
LSEG-MayStreet: From direct feeds revamp to reg tools, industry sources outline rationale for deal
The acquisition of the 10-year-old vendor will give the exchange group high-quality market data, low-latency direct feeds, and packet-capture capabilities, experts say.
Court thwarts exchanges’ petition to head off market data threat
The DC appeals court has denied a petition to void a rule that seeks to bring competition to the US consolidated tapes.
Is an EMS an exchange? Vendors alarmed by scope of Reg ATS amendments
Some industry participants are worried that proposed amendments to Regulation ATS could see the trading perimeter expanded to include a wide array of messaging systems.
In the world of financial data, context—not content—is the new king
For years, the mantra of the market data world has been ‘content is king.’ But with trading strategies now more dependent on being able to see the big picture, the value of context could quickly overtake the data itself.
Cboe completes integrations of triple acquisition, turns focus on risk and analytics
In 2020, Cboe Global Markets acquired three businesses in rapid succession. Two years later, the tech stack integrations are complete, and the now-combined entities make up the majority of the exchange’s rebranded Risk and Market Analytics Group.
Waters Wavelength Podcast: Nasdaq’s Dague on exchange cloud strategy
Bill Dague, head of alternative data at Nasdaq, joins the podcast to discuss the forces driving exchanges to the cloud.
Exchanges, vendors reinvent inventory management platforms to enable sales
Data sources are realizing they can leverage end-user inventory management tools to streamline their side of the data sales and licensing process.
Euronext’s datacenter move on schedule despite supply chain issues
Despite chip and hardware shortages, the exchange group says it is on track to go live with the new datacenter on June 6.
If you can’t beat ’em, join ’em: The inexorable march of exchange data fees
Following IEX’s decision to begin charging nominal fees for its market data, Memx is the last one standing not yet charging for data. Max asks whether it will follow suit, or whether any exchange will be brave enough to take a stance on unpopular data…
Exchange Trends—The Technology Challenges for Start-Ups
Start-up exchanges are looking at how to offer different types of trading methodologies and contracts to the marketplace. At the same time, decentralized finance and digital assets are shaping the future of all financial exchanges, and there is plenty of…
Slow burn to a big bang: How the new wave of tech is changing market data platforms
For decades, market data platforms have been critical components of financial firms’ trading infrastructures. But with changing user needs and emerging technologies gaining ground, will the platforms of the past be replaced by upstart challengers—or can…
Disrupting data delivery: AWS Data Exchange gains ground with addition of FactSet content
Leveraging AWS’s presence on Wall Street, Data Exchange has the potential to shake up traditional financial data delivery and contracts, if it can add relevant content and overcome challenges like real-time streaming and connectivity in the cloud.
Waters Wrap: Nasdaq, Quandl and the next phase of the alt data craze
Anthony looks at how Nasdaq's Quandl strategy ties into other trends spreading through the market.
This Week: Cboe-Neo, Aviva-Macrobond, Iress, BNY Mellon, Options, MT Newswires-Bloomberg, and more
A summary of some of the past week’s financial technology news.
Miax preps ‘Virtual Trading Floor’ of data tools to grow investors, market-makers
The options exchange operator hopes to make it easier for participants to translate data into context and insight, and to broaden participation from new market sectors.
Banks and HFTs team up to solve exchange outage dilemma
There are hopes that a ‘gentlemen’s agreement’ between industry participants can break the first-mover disadvantage for liquidity providers.
Waters Wrap: ESG’s growing influence on market data consolidation (And exchange data)
Anthony explains why he thinks ESG will play a major role in the anticipated market data consolidation that’s to come. He also looks at moves made by some exchanges to cut out the data vendor middleman.
One step closer: How exchanges are seeking tighter relationships with clients
Increasingly, exchanges are trying to get closer to their customers, in a bid to better understand how they use market data. This move may come at the expense of data vendors that are being gradually squeezed out of the exchange-client relationship.
What can HKEx’s Synapse learn from watching ASX’s game of Chess?
HKEx is looking to leverage smart contracts for its Synapse platform. Sell-side participants are generally positive as to the reasoning behind the build, but observers warn the ambitious project still has challenges to overcome.
Users clash with ASX over changes to its DLT settlement system
Industry groups and tech experts are worried that proposed last-minute changes will introduce new risks.
All roads lead to Bergamo: Euronext eyes new home for its tech
Market participants fear a “horrible” relocation project and more room for latency arbitrage should the exchange move its data center to Italy.