This appeared as the editor’s letter in the March issue of WatersTechnology magazine. “Blockchain is going to be bigger than the internet.” I call bullshit! “Traders will be completely replaced by machines in the next decade.” I call bullshit! “Alternative data is more important than market data.” I. Call. Bull. Shit. When you write about technology for a living, it’s difficult to sift through the massive pile of manure shoveled your way on a daily basis to pick out an actual nugget of a trend

MEMX Releases Launch Timeline The Members Exchange (MEMX) has released its launch timeline. Key dates include May 11 (platform testing begins); June 1 (member certification begins); June 6 and June 20 (user acceptance testing begins); and July 24 (the planned date for the exchange to officially launch). Click here to read CEO Jonathan Kellner’s full plan for the coming months. Additionally, Kellner and Tom Fay, chief operating officer, recently joined the Waters Wavelength Podcast to talk

I might be overstating this, but tremors of a tectonic shift are beginning to ripple in the capital markets, stemming from the desktop application interoperability movement. If I’m right, the trader interface is going to radically change—and I know, I know, you’ve heard this before—but this time is different. The mechanisms of change, taken as a whole, represent a true revolution, even if the technologies are, themselves, old. First, there’s this vast sea of data that’s growing every day—

When you work in tech and data, much of the job is just making sure that nothing breaks and trying to keep those on the business side of the organization as happy as possible. My dad built and ran data centers for four decades, and much of that time was just hoping to not get that 2 a.m. phone call alerting him that something burned down. For a man that served in the US Marine Corps, he seemingly has an equal number of war stories about gearing up for Y2K. This is all to say that it’s easy to

After 226 years of existence, Stacey Cunningham became the first woman to head the New York Stock Exchange (NYSE) in 2018. You probably already know this. Moreover, the venerable NYSE is now owned by the Intercontinental Exchange, founded in 2000—or nearly 76,000 days after the Buttonwood Agreement. Even if you didn’t know the number of days, you should know that the ICE now owns the Big Board. However, this is 2019 and Cunningham’s thoughts are not focused on these things that are now in the...