A-Team Insight Author: Jeri-Anne McKeon
Buy or Build? Trade Surveillance Software’s Oldest Question Has New Stakes
By Nolan Schiff, Chief Solutions Officer, Eventus. It’s a question nearly as old as enterprise software itself: should you pay a vendor to deliver your technology, or dedicate internal resources to building and maintaining it yourself? For trade surveillance, it’s a decision that requires weighing cost against control, performance against customization and the speed of...
Bloomberg Acquisition of Canoe Marks ‘Major’ Step in Private Markets for Data Behemoth
Bloomberg is to acquire private market data automation specialist Canoe Intelligence as the financial data behemoth seeks to expand its offerings in the booming market for alternatives data. In what the company says is one of the most significant deals in its history, Bloomberg has characterised the acquisition as the “latest step” in a multi-year...
Real-Time Surveillance is Still a Misnomer, but AI is Shortening the Window
The phrase “real-time surveillance” has long functioned more as a marketing label for market abuse detection than an accurate description of how firms operate. While modern technology can generate an alert the second a trade executes, the capacity to immediately review and act on that alert is far rarer. At A-Team Group’s recent AI in...
Europe’s Official EBBO Arrives in September: 130 Feeds, One Consolidated Tape
ESMA has officially authorised EuroCTP B.V. to operate Europe’s first consolidated tape provider (CTP) for shares and exchange-traded funds (ETFs). With a go-live date set for 14 September – just ahead of ESMA’s 30 September operational deadline – European equity markets will, for the first time, have an officially designated consolidated reference price. Operating under...
There Is A Blind Spot In The Modern Data Stack That Will Kill The Buy-Side’s AI Ambitions
By Mihir Shah, adviser to FINBOURNE Technology. For a long time now, financial institutions have poured billions into building what has become known as the modern data stack. Data lakes, warehouses, ingestion pipelines and cloud platforms have all become the dominant blueprint for becoming a data-driven organisation. Yet the industry’s enthusiasm rests on a flawed...
GoldenSource Scout Launched to ‘Close Data Trust Gap’ Using AI
Data management provider GoldenSource has entered the next phase of its evolution with the launch of GoldenSource Scout, an AI platform for capital markets built on the firm’s Trusted Contextual Data Layer, which grounds enterprise AI in governed, canonical data. The launch marks a significant shift towards AI within the firm’s data management ecosystem. Swati...
Ondo Finance Lauches Decentralised Ondo Network Running Perpetual Futures Trading; Rethinks Blockchain Technology to Achieve Execution Speed and Privacy
Ondo Finance – which operates an institutional financial transaction platform for tokenised assets – has introduced the Ondo Network, a privacy-first decentralised platform that is already powering Ondo Perps, a high-performance perpetual futures offering. In doing so, Ondo notes that its original plan to build on blockchain technology – dubbed Ondo Chain – needed a...
BitGo and OTC Markets Forming Strategic Alliance to Link Digital Asset Trading and Custody
Digital asset infrastructure provider BitGo and financial markets operator OTC Markets Group are forming a strategic alliance focused on bringing digital asset trading and custody infrastructure to broker-dealers utilising OTC Link ATS, OTC Markets’ SEC-regulated ATS. The alliance is intended to support a range of digital asset securities, and as regulatory frameworks mature, allow broker-dealers...
Rothera Deploys Eventus Validus as Surveillance Becomes Key for Event Contract Venues
Rothera, the CFTC-regulated event contract exchange and clearinghouse founded as a joint venture between Robinhood and Susquehanna International Group, has deployed Eventus’ Validus platform for trade surveillance of its markets, two months after the venue began trading. The exchange holds both Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) registrations with the Commodity Futures...
Uniswap Launches Permissioned Pools Allowing Regulated TradFi Firms to Trade on DeFi Rails
Leading decentralised exchange (DEX) Uniswap has introduced Permissioned Pools bringing on-chain compliance to its permissionless DeFi network. Built in collaboration with Securitize and Superstate, Permissioned Pools leverages the open-source DS Tokens standard that builds compliance functionality into a token’s smart contract code – allowing regulated institutions to take advantage of Uniswap’s decentralised model. The creation...