It’s that time of year when many on Wall Street are thinking about what to spend their well-earned bonuses on. To help those with pending bonuses, I am starting an ongoing series of postings that could serve as a guide for gifts and gadgets. For this post, I would like to focus on two different… Read More >>
Hedge Fund Uses Pricing Driven via Machine Learning
British hedge fund Marshall Wace is using a real-time pricing data service from Bloomberg that incorporates machine learning models to bolster its systematic credit strategy with new pricing data delivered every 15 seconds across the liquidity spectrum for USD, EUR and GBP credit markets, officials say. Known as a global liquid alternatives manager, Marshall Wace… Read More >>
iCapital Adds A.I. Features via AltExchange Acquisition
Fintech platform provider iCapital intends to enhance its artificial intelligence (A.I.) and machine learning (ML) capabilities with the acquisition of alternative investment data aggregator AltExchange, officials say. Officials at iCapital add that the acquisition will also help the company to streamline post-investment processes and improve decision-making for private market participants. Terms of the agreement were… Read More >>
LLM & Ops: A Marriage Made in Heaven?
I have often had moments when I am working on a story when a source dives into a great subject that I cannot incorporate into the story that I have planned. Such was the case for the story I just filed about Gresham Technologies and its strategic alliance partner Cognizant Technology Solutions, and how they… Read More >>
CQG Toolkit Helps Predict Futures Market Moves
CQG has unveiled a predictive trading model toolkit that applies machine learning (ML) technology to live data and is intended to help traders better manage strategies and positions. The announcement follows what CQG officials say was a successful, “first-of-its-kind” proof-of-concept (POC) testing effort and then a reality check in a live-trading environment. In the live… Read More >>
SS&C Makes A.I. Part of the Ops Landscape
Artificial intelligence (A.I.) technologies appear to be hitting their stride with securities operations systems and services as SS&C Technologies, a major Ops provider, is showcasing offerings that make use of these cutting-edge technologies. The new and upgraded solutions are being announced and/or demonstrated at the SS&C Deliver conference, October 22-24, at JW Marriott in Austin,… Read More >>
SEC Wants to Rein In Predictive Analytics
The SEC has approved a proposal that attempts to control firms’ usage of predictive data analytics and it has opened a new rift as key commissioners say the regulator is overreaching and preventing investors from benefitting from new technology all in the name of preventing firms from putting their interests first. The new rules under consideration, which… Read More >>
DeepSee’s Mission: Unlock Trapped Data via A.I.
Trapped data has always been the bane of the back office, and the reason so much manual processing remains in middle- and back-office roles. “For DeepSee.ai, unlocking that data is the key to success as firms look to accelerate their move toward full-scale digital transformation,” says Steve Shillingford, CEO of DeepSee. “Much of the most… Read More >>
Can New Technologies Fix Old Ops Woes?
Cutting-edge, disruptive technologies — especially those that exploit advances in artificial intelligence — have captured the attention of securities trading firms. But turning the hype into useful ways to counter ongoing Ops problems remains a challenge for many firms. So, to help firms come to grips with machine learning (ML), robotics, natural language processing (NLP), regulatory… Read More >>
FIS Uses Machine Learning to Fight Financial Crime
FIS Partners With C3 AI for New Solutions Financial technology systems and software provide FIS has unveiled the first in a series of solutions that uses artificial intelligence (A.I.) to help capital markets firms fight the increasing threat of financial crime, officials say. FIS developed these new offerings with C3 AI, and the AML Compliance… Read More >>
