S&P
The IMD Wrap: Talkin’ ’bout my generation
As a Gen-Xer, Max tells GenAI to get off his lawn—after it's mowed it, watered it and trimmed the shrubs so he can sit back and enjoy it.
The loan market has a new identifier, but the path to adoption isn’t clear
The CEI aims to bring interoperability to loan trading, but it’s entering a market dominated by a long-standing incumbent.
Connective tissue: S&P's InvestorAccess enables secondary market-like trading of primary issues
Through a combination of its own technology and partnerships with fixed-income mainstays Bloomberg and Tradeweb, S&P is looking to create end-to-end workflows to simplify trading of primary bond issues for both buy-side and sell-side firms.
Antitrust complaint against Cusip can go forward, SDNY judge rules
The federal judge presiding over the ongoing class-action suit against Cusip Global Services, S&P Global, FactSet, and the American Bankers Association, has dismissed all complaints against the defendants except one alleging the quartet violated Section 2 of the Sherman Antitrust Act.
Questions surround buy-side tech consortium Hub
Little has been heard of the company formed by Pimco, Man Group, State Street, IHS Markit, Microsoft, and McKinsey since their announcement in January 2021.
From ChatGPT to BloombergGPT: In capital markets, who can make the most of large language models?
Capital markets are no strangers to hype machines. Among the buzz around generative AI, Nyela wonders who will be best suited to take advantage of the technology and deliver the right use cases to Wall Street.
Index fees fatigue: Regulators, startups move in on the big 3 providers’ $5 billion business
Users of index data often complain about the fees they have to fork out, particularly to the likes of S&P, FTSE Russell, and MSCI. WatersTechnology examines the state of the industry and what will disrupt the status quo.
Defendants in Cusip suit make their case for dismissal
Cusip Global Services and its affiliates have filed a joint motion to dismiss the anti-trust class-action lawsuit.
This Week: S&P/AWS, Deutsche Börse/Google Cloud, Tradeweb, & more
A summary of the latest financial technology news.
This Week: Nasdaq/BEC, Capitolis, S&P and more
A summary of the latest financial technology news.
S&P buys ChartIQ to bolster charting, analytics capabilities
ChartIQ’s former owner, Finsemble, will continue to focus on building out its desktop integration business.
The year identifiers wanted some attention too
Cusip! Figi! Isin! BTC! LEI! Taylor Swift? How did we get here and where do we go now?
Here’s what ML and NLP powered in capital markets in 2022
As machine learning and natural language processing continue to spread across the industry, WatersTechnology highlights stories from 2022 that feature new use cases.
Howson on steering Cboe past potholes and traffic cops
The head of the world’s largest options exchange discusses SEC regulation and SPX appeal.
Four years on, S&P's Kensho buy yields new automation tools, saving decades of manual data analysis
S&P-owned AI tool Kensho is leveraging its parent's massive datasets with its own machine learning to release a series of tools for analysts.
People Moves: Northern Trust, Deutsche Bank, SS&C, STP Investment Services & more
A look at some of the key people moves from this week, including Michael Buzza (pictured), who becomes Northern Trust's new global head of Network Management and Market Security
Is disruption finally coming for the index business?
Regulatory developments and startups gaining some ground may—one day—threaten the incumbent providers in this space.
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.
Firms challenging Cusip file new lawsuit alleging antitrust violations, breach of contract
A broker-dealer and two investment managers have filed a new, joint complaint against the quartet of companies associated with management of the Cusip numbering system.
Amid macro storm clouds, a silver linings playbook for fintech
Banks and VCs believe inflation and rising interest rates will result in winners as well as losers
The Emir Refit: Technology and operational implications
The upcoming Emir Refit regulation, set to enter the European Union’s statute books in the first half of 2024, is different in substance to the regulations preceding it, although the implications of complying with it are similar: firms will need to…
Federal court denies motion for early judgement on Cusip numbers’ copyrightability
A judge for the Southern District of New York has also ordered that two class-action suits brought against Cusip Global Services and its affiliates earlier this year be consolidated.
People Moves: TP Icap, ACA Group, BNP Paribas, Morningstar, and more
A look at some of the key people moves from this week, including Marie Luchet (pictured), who joins ACA Group as managing director of ESG.
Waters Wrap: The Big Tech cloud providers are coming for your toys
Anthony thinks that the fintech community should be looking over their shoulders as the major cloud providers are going to disrupt financial markets even more than they do today.