News
(The Trade)
Broadridge Financial Solutions’ LTX has integrated with electronic fixed income trading connectivity and integration provider, Multilynq, as it seeks to accelerate trading connectivity to the LTX platform. Jim Kwiatkowski, chief executive of LTX, explained: “Most dealers and asset managers are challenged prioritising their scarce technical resources to complete multiple critical technical projects.
(Global Trading)
The UK’s Financial Conduct Authority (FCA) has revealed that market surveillance abuse models within many firms need shoring up, particularly with the increasing use of innovative technologies within surveillance such as artificial intelligence (AI).
(CNBC)
Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website. Pioneering mathematical models and algorithms to make investment decisions, Simons left behind an otherworldly track record at Renaissance Technologies, that bested legends such as Warren Buffett and George Soros. Its flagship Medallion Fund enjoyed annual returns of 66% during a period starting in 2018, according to Gregory Zuckerman’s book “The Man Who Solved the Market.”
(CoinDesk)
Citi, JPMorgan, Mastercard, Swift and Deloitte are among major companies with an interest in financial services teaming up to explore sharing ledger technology by simulating multiasset transactions in U.S. dollars. The research project, titled Regulated Settlement Network (RSN) proof-of-concept (PoC), will explore the potential of bringing commercial-bank money, wholesale central-bank money and securities such as U.S. Treasuries and investment-grade debt to a common regulated venue, according to a statement shared with CoinDesk.
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Surveillance Remains Top Priority for Financial Institutions
(Traders Magazine)
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BMO’s cloud migration strategy eases AI adoption
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IntelligentCross Announces Intraday Optimization
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Substantive Research Survey Reveals Impact of FCA’s Research Payment Optionality
(Substantive Research)
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How Bad Is A.I. for the Climate?
(New York Times)($)
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Canada’s triparty repo launch aims to fill C$60bn void
(Waters Technology)($)
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AI And The Municipal Bond Market
(Forbes)
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Reshuffle at IEX: Ronan Ryan steps into COO role
(Global Trading)
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Analysis: AI/ML – An Iterative Learning Process
(Coalition Greenwich )
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Hedge funds’ pricing often trumps other buy-siders – SNB
(Risk.net)($)
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ICE Forms AI Centre of Excellence
(Markets Media)
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Northern Trust building internal cloud data ‘marketplace’
(Waters Technology)($)
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FROM OIC: Options Market Innovation in Focus
(Traders Magazine)
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Banks moving into the cloud prompt forecasts of security risk
(Financial Times)
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Bank-led consortium takes aim at position reporting
(Waters Technology)($)
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FactSet looks to build on portfolio commentary with AI
(Waters Technology)($)
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Clear Street Adds Futures Clearing and Execution Services
(Markets Media)
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Financial market data and news spending up, says TP ICAP
(Global Trading)
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Symphony boosts Cloud9 voice offerings with AI
(Waters Technology)($)
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Streaming Prices Transforming U.S. Treasury Trading
(Markets Media)
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Investment in Compliance Has Decreased in 2024
(Traders Magazine)
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Liquidnet sees electronic future for gray bond trading
(Waters Technology)($)
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Data is king — but how stable is the throne?
(Global Trading)
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