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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…
Tradeweb Completes A$125 Million Acquisition of Australian Trading Platform Yieldbroker
Tradeweb Markets Inc., the global operator of electronic marketplaces for rates, credit, equities and money markets, has finalised its A$125 million all-cash acquisition of Yieldbroker, an Australian trading platform specialising in government bonds and interest rate derivatives for Australia and New Zealand. Both companies were early pioneers in bringing technology to fixed income markets. The…
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….
Trayport and Montel Group Collaborate to Boost Transparency in Green Energy Trading
Trayport Limited, the primary network and platform for European wholesale energy markets and a subsidiary of TMX Group, is to integrate the Montel Marketplace into Trayport’s Joule platform. This integration will enable users of Joule to trade Guarantees of Origin (GOs) on the publicly accessible Montel Marketplace platform. GOs, certificates that provide proof that a…
Colt Technology Services Partners with AsiaNext to Boost Digital Asset Trading in Asia
Digital infrastructure provider Colt Technology Services (Colt) has entered into a strategic alliance with AsiaNext, the global institutional-grade digital asset exchange. The partnership will allow AsiaNext to take advantage of Colt’s advanced digital infrastructure solutions, including its Multicast Market Data in the Cloud and PrizmNet, and will enable high frequency trading across a range of…
TS Imagine Integrates CLSA’s AI-powered European Algo Suite into its Platform
TS Imagine, the global provider of trading, portfolio, and risk management solutions for financial institutions, has integrated CLSA’s AI-powered European algorithmic trading suite into its platform. This move is part of TS Imagine’s ongoing effort to offer cutting-edge trading tools to its clients. Investment managers who use TradeSmart, TS Imagine’s platform with pre-certified connections to…
A New Era of Bond Trading: Leveraging Automation and Liquidity Score Splitting
By Vuk Magdelinic, CEO, Overbond. Bond traders face a set of challenges not seen in most other markets for tradeable securities. There’s no comprehensive centralized record of fixed income trade price or size data because most bonds are traded over-the-counter. Additionally, many bond issues are small and trade infrequently or not at all. As a…
Aquis Exchange Acquires Minority Stake in US-based Startup OptimX
Pan-European equities market operator Aquis Exchange has taken a minority stake in OptimX Markets Inc., a US-based startup focused on block trading solutions. The investment will enable Aquis to integrate its technology platform with OptimX’s suite, which is aimed at aiding investment banks, brokers, and institutions in the block trading market. The investment totals $1.5m,…
LSEG Commits to Transition Clients from Eikon to Workspace by End of 2024
The London Stock Exchange Group (LSEG) intends to transition its clients from the Refinitiv Eikon platform to its newer Workspace system by the close of 2024. During LSEG’s 2023 H1 earnings call, David Schwimmer, LSEG’s chief executive, revealed that Refinitiv’s financial platform, Eikon, would be discontinued in early 2025, anticipating that the shift to Workspace…