Waters Wavelength

Big news today, as it was announced that State Street is buying order management system (OMS) giant Charles River. Anthony and James give their initial thoughts, though a longer, well-reported feature will be coming next week. They also discuss the alternative data space and, specifically, climate change data. 1:30 Holy crap… State Street is buying Charles River for $2.6 billion. 4:00 What are som...

This week, Anthony and James take a look at the tumultuous interdealer broker space and where it stands after John Phizackerley’s ouster at TP Icap (2:00). They then briefly discuss the latest bitcoin exchange-traded fund (ETF) filing and whether these instruments will become a reality in the near future (8:00). And finally, James gives a quick 30-second recap of Croatia’s victory over England in...

Phil Christianson, director of product management at Eze Software, joins the podcast to discuss ways in which firms of all types and sizes can improve their use of the Agile methodology (12:15-29:00). But before that, Anthony and James first look at House Bill 4785 and explain why it could be a problem for the construction of the Consolidated Audit Trail (2:00-10:00) and James gives his bold predi...

This week’s podcast is new and improved thanks to a large investment to improve the sound quality of the show. Let us know what you think. Also on the show, Anthony and James discuss Digital Reasoning’s soon-to-be-released Cognition platform (3:30) and give a preview of the July issue of Waters (11:00). Additionally, Anthony goes off on a convoluted rant about the Supreme Court (16:15) and then Ja...

On the podcast this week, Anthony and James first look at recent Brexit developments and examine how tech providers—and, specifically, Approved Publication Arrangement (APA) operators—are dealing with the looming 2019 Brexit deadline (1:15). They then provide a quick update in the fight between the Singapore Exchange (SGX) and the National Stock Exchange of India (NSE) (8:30). They hit on an impor...

On the podcast, Anthony and James read the tealeaves after William Hinman, head of the division of corporation finance for the Securities and Exchange Commission (SEC), said that “current offers and sales of ether are not securities transactions,” and what that could mean for cryptos, including bitcoin, going forward (2:45). Then they shift their attention to the concept of privacy and how lawyers...

This week on the podcast, Anthony and James first look at the London Stock Exchange’s outage that resulted from “technical issues” with its auction system, and why the industry should expect more glitches—across the world—in the future. Then they turn their attention to both failed blockchain projects and projects that were announced last year that have actually gone fully live. They wrap the show...

On the podcast, Wei-Shen Wong, Waters’ Asia editor, joins to discuss the dispute unfolding between the Singapore Exchange (SGX) and India’s National Stock Exchange (NSE) over index licensing. Before that, though, Anthony and James look at how the European Securities and Markets Authority (Esma) has come down on reporting platforms, saying that the data they make available to the public is often no...

This week, Chris Isaacson, the chief information officer of Cboe Global Markets, joins the podcast to discuss the exchange operator’s mass migration of its futures and options exchanges to a brand-new technology base. Ever since Cboe acquired Bats in 2017—and, as Chris tells James, even before the ink was on the page—the plan had been to move to Bats’ proprietary technology, and the firm completed...

Wavelength Podcast Episode 121: An Examination of CQRS; Coinbase’s Institutional Play This week, Dave Remy, the chief technology officer for Linedata’s asset management vertical, and Chris Condron, principal software architect in the asset management unit, join the podcast to discuss developments in the CQRS-ES space. For those not in the know, CQRS is a data architecture pattern that stands for C...

This week, Anthony and James examine the issue of clearinghouse management and the risk of non-default losses at a center counterparty clearinghouse (CCP). Essentially, how do these entities manage operational risks around cyber-attacks, fraud or disaster recovery. Futures Commission Merchants (FCMs) argue that they shouldn’t be responsible for risk they don’t introduce into the clearinghouse; CCP...

On the podcast, Anthony and James examine the M&A space, specifically as it pertains to acquisition-hungry SS&C and its aborted bid for Fidessa. They also hit on all the features that have gone live in the last week and then have a discussion about data privacy and how much people are willing to give away. 0:00-4:30 Housekeeping notes and how to apply for this year’s Waters Rankings. 4:30 SS&C chi...

Anthony calls James from Raleigh, North Carolina, where he’s spending his vacation, to talk about happenings from the past week. Included is a look at both RTS 27 and RTS 28 in Europe, how exchanges are using AI to monitor their markets and how some are worried that so-called Big Tech providers like Google might start taking aim at the financial markets and squeeze out some of the more traditional...

On the podcast, Anthony and James take a look at some of the topics that will be discussed at this year’s North American Innovation Summit, including artificial intelligence (AI), chatbots and fintech disruption. To hear the full interview, listen in the player above, or you can download it. 0:30 The North American Innovation Summit—register today. 2:30 Why are artificially intelligent tools gaini...

On the podcast, Anthony and James first discuss the potential Temenos-Fidessa deal and what the entry of SS&C Technologies and Ion Investment Group means for Fidessa going forward (4:15). Then they turn their attention to bitcoin, but rather than look at it as an investment vehicle, they examine some of the byproducts of bitcoin, such as the energy it takes to mine for these coins and some of the...

This week, Anthony and James look at CME Group’s potential acquisition of NEX Group, with a focus on what this deal entails from a trading-platform perspective, how it might affect the fintech venture capital space, and how Brexit plays into this deal (2:00-11:00) and then Anthony talks about this weekend’s fight between Anthony Joshua and Joseph Parker (11:00-19:00). https://www.waterstechnology....

Fresh off his trip down to Florida for the FIA Boca conference, James Rundle talks to (a very jealous) Anthony Malakian about some of the key topics of discussion from the event. 2:00 FIA Boca is increasingly becoming a tech conference. 4:00 How the DTCC plans to evolve in a post-blockchain world. 6:30 What other blockchain/DLT stories came out of Boca? 8:00 Cryptocurrencies were getting the most...

Jesse Lund, head of blockchain solutions for IBM’s Financial Services unit, joins the podcast to discuss the evolution of blockchain. 2:30 Jesse gives a quick look at the IBM Blockchain Platform. 5:00 Real use cases for blockchain in the capital markets. 8:30 How do cryptocurrencies come into play with blockchain’s development? 12:00 Which sectors are the most ripe for blockchain adoption? 15:30 C...

After a bit of a lackluster performance last week (apologies), Anthony and James return with renewed vigor to discuss fintechs. We know, we know… you’ve heard this conversation before. Well, our hosts point to several news events to highlight what they believe is a true sea change in the fintech discussions. That goes on for about 36 minutes, and then they ramble about the Oscars. We do recommend...

This week, Anthony and James look at some of the challenges that utilities face getting off the ground and look at whether or not emerging technologies like artificial intelligence and blockchain can help their efforts to gain momentum (3:00). They then hit on some of the features from the latest issues of both Waters and from Inside Data Management (14:30). Finally, they chat about the upcoming F...

This week it was announced that Temenos is set to buy Fidessa, in yet another major acquisition in the capital markets space during the first two months of 2018. Victor Anderson phones in from London to chat with James Rundle about the deal and what it might mean for M&A going forward into 2018. Victor—who has been covering this space for over 16 years—has some funny anecdotes about Fidessa employ...

On Wednesday, the Commodity Futures Trading Commission (CFTC) had a meeting of its Technology Advisory Committee (TAC). Anthony and James look at three keys themes that arose during the day-long discussion. 1:00 A quick reminder to enter the Sell-Side Technology Awards. 2:00 Anthony provides some metrics around previous TAC meetings, which have once again become rare occurrences. 5:00 US regulator...

Dan Schleifer, co-founder and CEO of charting specialist ChartIQ, joins the podcast to discuss some of the challenges that he and fellow co-founder Terry Thorsen faced when they created the company out of a barn in Charlottesville, Virginia, in 2012. 1:00 Dan talks about some of the early growing pains. 3:00 Did you know that, not only did they start out of a barn (just like Markit), but that the...

Inside Data Management editor Max Bowie—who has been covering the data space for 15 years—joins the podcast to give his insights as to what the Thomson-Blackstone tie-up could mean for the industry going forward. Then, naturally, they talk about the best breweries and beer bars in Brooklyn and Queens. https://www.waterstechnology.com/organization-management/alliances-mergers-acquisitions/3482206/t...

Anthony and James examine a new report about how the buy side is lagging behind when it comes to blockchain development, and how K-12 education is lagging when it comes to teaching coding. 2:30 A new report takes a deep-dive examination of distributed-ledger technology (DLT) development on the buy side. https://www.waterstechnology.com/infrastructure-technologies/3459571/buy-side-bands-together-on...