Waters Wavelength

Dan sits down with newly-appointed Nasdaq CEO Adena Friedman (1:15), who discusses Nasdaq’s use of artificial intelligence for market surveillance (3:50) and potential implementations she sees for blockchain (7:22). She also gives an update on Nasdaq’s Extended Life Order (11:30) and discusses how she sees exchanges evolving in the coming years (16:15). Friedman wraps things up talking about how she became a black belt in taekwondo (20:10).

With a lack of big news occurring over the holidays, Dan and Anthony decide it’s time to revisit some of the biggest dos and don’ts for PR people (1:15). The guys also discuss what their plans are for the holidays (15:45).

Dan welcomes on Victor Anderson, WatersTechnology editor-in-chief, to give a preview of what the biggest topics are for 2017. Victor starts things off by talking about his background and his first role with what was, at the time, Risk/Waters (1:00). He talks about how finance has changed throughout his career (8:00). Victor then goes through the 10 biggest trends he believes will have an impact on financial technology in 2017 (14:53). To wrap things up, Victor tells some war stories from his worst cycling crashes (39:50).

Dan is joined by Max Bowie, the longtime editor-in-chief of Inside Market Data and the current editor of Inside Data Management (IDM). He talks with Dan about launching IDM and what current subscribers of Inside Market Data and Inside Reference Data can expect going forward (1:25). He then talks about the features in the December issue (6:05) of IDM and previews his story for the January issue around the management of alternative data (10:55). The guys wrap things up discussing their favorite holiday cocktails and beers (18:25).

Dan and Anthony recap Waters USA by looking at a topic the C-level panel was deeply interested in: talent acquisition (2:00). The guys debate whether the issue is as big as some in the industry make it out to be. They also discuss a presentation by Tom Hardin, a trader-turned-FBI-informant, about insider trading (16:33). Dan then discusses virtual reality and its potential use cases within financial services (22:45). Finally, they wrap things up looking at this year’s Grammy nominations, which were recently released (30:15).

Anthony is joined by Viral Shah, Jeff Bezanson and Stefan Karpinski, three of the creators of the Julia programming language (4:50). They discuss what type of questions were brought up at Julia Day for Finance (10:00), which was held Wednesday in New York, and what should and shouldn’t be expected for the release of Julia 1.0 (14:10). Anthony then asks the trio about concerns some have brought up about the language regarding its maturity (16:22) and the chance that other languages such as Python or R could eventually offer similar speeds as Julia (20:15). He also asks how Julia will aim to help firms weed through the massive amounts of data they are dealing with (23:55) and if the programming language can be used as a recruiting tool for attracting young programmers (28:45). Finally, the founders discuss use cases for Julia outside of finance and economics (31:45).

Dan and Emilia discuss consulting and outsourcing services provider Capgemini’s accelerator program for fintechs and how it differs from others in the space (1:16). They also discuss Thanksgiving, and Emilia gives an outsider’s perspective on the American holiday (8:40).

Dan and Anthony discuss fintechs, regtechs and whether there is a difference between the two or if it’s simply a marketing ploy (1:05). They then talk about UK day trader Navinder Singh Sarao pleading guilty to spoofing and whether the case was overblown (15:40). Dan then explains how the Consolidated Audit Trail, which gained regulatory approval this week, could alleviate some of these issues, despite having its own problems (22:10). The guys wrap things up talking about the NFL (26:05).

Dan and Tony talk about the results from the US presidential election and how the capital markets will be affected going forward (2:14) They also give an update on CFTC’s Reg AT proposal following a vote that was held last week (19:52).

Dan and Emilia open things up discussing the latter’s feature on US treasuries platforms (1:10). They then talk about Dan’s profile of Bats Global Markets CIO Chris Isaacson, who will take over as CIO of CBOE Holdings following the completion of its acquisition of Bats (8:23). They close things out debating the merits of Accenture’s editable blockchain (14:40). Finally, Anthony jumps on at the end to quickly talk about the Chicago Cubs winning the World Series (22:40) and his thoughts on the final days before the US Presidential election (29:28).

Dan chats with Suresh Kumar, chief information officer at BNY Mellon, about why financial firms need to be more open and willing to share with one another via open source (2:30). He also discusses when he believes financial firms will begin contributing back into open source (14:30). Suresh then talks about the best way to tackle the ongoing stream of regulations (16:50) and gives advice to firms about the importance of having your voice heard with regulators (22:07). Dan and Anthony wrap things up discussing the start of the NBA season (24:50) and a feature in Outside magazine about the feral cat situation in Hawaii (30:05).

Dan and Anthony recap the North American Buy-Side Technology Summit 2016. They open things up debating the merits of the Reg AT’s source code proposal (2:25), before switching to the how some firms have changed their approach regarding the buy-versus-build discussion (12:45). The conversation then turns to MiFID II and whether firms are actually worried about the deadline or just stalling (18:15). They also talk about why they enjoyed the event’s blockchain panel so much (23:20). The guys wrap things up talking about the US presidential election (26:00) and the MLB playoffs (28:15).

Dan, Anthony and Emilia discuss their three-part series looking at the state of blockchain and distributed-ledger technologies in financial services. Anthony first explains the basis for the special report (3:30). The group then discusses part one (6:50), which looks at banks’ adoption of digital currencies; part two (14:45), which looks at the money backing blockchain firms; and part three (20:15), which looks to debunk the hype around blockchain. The trio also discusses why blockchain is so attractive to financial services (28:00). Finally, they wrap things up talking about the second presidential debate (34:15).

Dan welcomes on Bruno Campenon, Americas head of custody and clearing services for BNP Paribas Securities Services, to discuss CME Clearing’s recent approval of the French bank to serve as a custodian for US Treasury and federal agency securities (6:15). He then talks about what differentiates the firm in the custodian space (9:30). Bruno explains a new service around the recently implemented uncleared swap margin rules (15:30) and the impact new capital requirements will have on custodians (18:00). He also chats with Dan about BNP’s interest in blockchain (20:45), his previous roles at NASA, IBM and Chanel (27:23), and extraterrestrial life (34:10). Dan and Anthony wrap things up talking about the MLB playoffs (36:13).

Dan and Anthony open things by briefly talking about this year’s American Financial Technology Awards (:13) before jumping into the CBOE-Bats deal (3:31). They then switch gears to chat about a panel Anthony attended at the Chicago Trading Technology Summit that discussed using machine learning to sort through social media’s “noise” (13:10). The guys wrap things up discussing the first presidential debate (19:05).

Dan and Anthony open things up discussing Thomson Reuters’ acquisition of Redi Holdings (:50). They also look at how this may or may not affect Bloomberg (6:45). Anthony then gives some highlights from the Chicago Trading Technology Summit (13:30). The guys wrap things up discussing their airplane woes (19:00), airplane etiquette (23:34) and some great meals they both had while traveling this week (29:00).

Dan is joined by his colleague Emilia David to talk about their respective September features. Emilia talks about her story examining the future of trading turrets (1:34), including the hybrid model (3:00), the difference in wants between young and old users (4:28) and some interesting tidbits that didn’t make it into the story (7:20). Dan then discusses his case study on SmartStream’s acquisition of Credit Suisse’s fee management platform (9:10). He explains the timeline of events (10:43) and why Credit Suisse decided the platform would make for a good utility (11:50). Dan and Emilia then talk about Netflix’s “Stranger Things” (13:20) and how parts of “The West Wing” still ring true today (18:50). Finally, Dan wraps things up talking with Anthony Malakian about Week 1 of the NFL (23:12).

Dan sits down with Andy Ross, CEO of CurveGlobal, an interest rate derivatives venture between LSEG, CBOE and seven dealer banks, ahead of its go-live date on Sept. 26 (2:50). Andy talks about why he decided to take the job (5:05), what made him the best candidate for the role (8:00) and what it’s like managing a firm that’s a consortium of two exchanges and seven banks (9:25). He also discusses the reason behind pushing back the launch date from May to Q3 (11:45), what have been the biggest hurdles leading up to the go-live date (13:00) and the immediate timeline for CurveGlobal following its launch (17:40). He wraps things up discussing his favorite football (soccer) team and the difference between cricket and baseball (18:35). Dan and Anthony then discuss their time at the US Open (20:45), what is considered a good gift (25:30) and a preview of the NFL season (32:18).

Dan talks with IEX president Ronan Ryan about his new role at the exchange (2:10), how the phase-in period has gone (2:45) and the exchange’s short- and long-term goals (5:00). Ronan then discusses how IEX will be scalable despite not having some traditional revenue streams exchanges typically have (8:45), what he feels is misconstrued about the firm (11:45) and his thoughts on competitors launching new features that mirror some of IEX’s (17:07). Finally, he talks about his time as Fairfield University’s mascot, Lucas the Stag (20:30), and what actor he’d want to portray him if “Flash Boys” ever gets made into a movie (23:20). Dan and Anthony wrap things up discussing some takeaways from the interview (26:55) and the new non-cleared margin rules (29:40).

Dan is joined by Edward Woodford, co-founder and CEO of Seed Commodities Exchange (Seed CX), which was recently granted SEF registration from the CFTC. Edward explains the origins of Seed CX (3:30), the difference between hemp and marijuana (5:19), regulations surrounding industrial hemp (7:22), what separates Seed CX from other SEFs (13:43), whether the exchange is interested in offering new products (16:50) and what its next steps are (20:15). Anthony and Dan then discuss the overall status of SEFs (22:54) and emerging agricultural markets (31:57). They close things out discussing director Werner Herzog’s latest move, “Lo and Behold: Reveries of the Connected World.” (33:20)