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Post-trade AI Insights Must be Built on Solid Data Foundations – Not Quicksand
By Marion Leslie, head of Financial Information, SIX Group. When you strip away the hysteria surrounding artificial intelligence (AI), what remains are numbers. Some of these tell a captivating story of relentless AI demand. For instance, computer chip developer Nvidia this year added $220bn to its market capitalisation in only an hour after reporting earnings…
BMLL Secures Investment and Partnership with Snowflake to Democratise Access to Level 3 Data
BMLL, the independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, has announced a strategic investment from Snowflake Ventures. This comes on the heels of a $26 million Series B investment from Nasdaq Ventures, FactSet, and IQ Capital in Q4 2022. The new partnership with Snowflake aims to…
Bloomberg Launches Alternative Data Function, ALTD < GO >
Bloomberg has introduced a new alternative data function, ALTD <GO>, offering customers an early read on company performance, side-by-side with traditional fundamental data on the Bloomberg Terminal. Through ALTD <GO>, users can incorporate consumer transaction data analytics, location analytics and other types of alternative data into their research workflows. The flagship data analytics source for…
CJC and Calero Strengthen Partnership to Enhance Technology Expense Management Solutions
Market data technology consultancy CJC has strengthened its collaboration with Calero, a global provider of technology expense management solutions. The enhanced partnership follows several mutual clients making use of CJC’s vendor-neutral expertise for consulting and integrating with Calero’s Market Data Management (MDM) solution. Services involved include data discovery, licensing management, telecom expense management, and cloud-based…
SDX Adopts Digital Token Identifier
SIX Digital Exchange (SDX) had become the first private distributed ledger technology (DLT) based financial market infrastructure to adopt the Digital Token Identifier Foundation’s ISO 24165 Digital Token Identifier (DTI) standard. The DTI standard provides a unique identifier for digital ledgers, tokens, and cryptocurrencies, and has been recommended by ESMA as a risk management measure for the…
How Should Stock Analysts Use Prompts for ChatGPT?
Daniel Philps, Head of Rothko Investment Strategies and Co-Leader of Machine Learning at the Gillmore Centre for Financial Technology at Warwick Business School. 2023, termed Generative AI’s ‘breakout year,’ has seen generative AI techniques continually advancing, researchers are exploring new applications and pushing the boundaries of what can be generated. The latest annual McKinsey Global…
DMALINK Surpasses Funding Target, Bolstered by Bank Partnerships
UK-based institutional trading platform DMALINK has exceeded its funding goal of £425,000 on Seedrs, achieving a pre-money valuation of £17.3 million. The platform, which focuses on FX and crypto trading, has previously raised funds on Seedrs and is in partnership with several banks including Credit Agricole, Nomura, and Danske Bank. DMALINK generates revenue through transaction…
TradingTech Briefing to Discuss Buy AND Build: The Future of Capital Markets Technology
The world of capital markets technology never stands still. Making the right technology decisions, particularly in the front office trading environment, is therefore crucial for buy side and sell side firms that wish to stay competitive, keep costs under control and maximise their efficiency. Whether this means updating trading technology stacks, adopting modern data fabrics…
The Rise of Large Language Models in Financial Markets
When OpenAI introduced ChatGPT to the public in November 2022, giving users access to its large language model (LLM) through a simple human-like chatbot, it took the world by storm, reaching 100 million users within three months. By comparison, it took TikTok nine months and Instagram two and a half years to hit that milestone….
Exegy Launches Advanced Ticker Plant for Optimised Options Market Data Processing
Exegy, the front-office trading solutions vendor, has introduced its next generation ticker plant, specifically designed for processing options market data. The new platform is capable of processing the entire OPRA feed on a single 2U server and offers a 2x reduction in latency compared to its predecessor. As options trading volumes rise and with the…