A year on from its launch, Thomson Reuters is doubling down on its Toronto technology centre, committing another US$100 million to the project, which will eventually be home to 1500 staffers working on areas such as cloud computing, big data and AI.
California-based InvestCloud is opening a fintech incubator and accelerator in London, inviting firms to take advantage of its platform in developing digital wealth management tools.
While Bloomberg continued to command the lion's share of financial market spending on data, analysis and news in 2016, the firm saw its terminal user base shrink for only the second time in its 36-year history.
Some of Wall Street's biggest firms have participated in a $15 million financing round for capital markets software house OpenFin.
Deutsche Bourse is promising to cooperate with fintech firms and tap new technologies such as big data, AI and, above all, blockchain as it moves toward the creation of an 'Exchange 4.0', says CEO Carsten Kengeter.
TD Ameritrade has launched an app that lets investors ask Amazon's Alexa virtual assistant for financial market updates and securities quotes.
Canada's Competition Bureau has closed its investigation into allegations that exchange operator TMX Group abused its dominance in relations to securities market data.
Google has a great opportunity to disrupt financial services using a freemium model for the delivery of market news, insights and communications direct to professional desktops, says Adam Honore, founder of consultancy MarketsTech.
News and data giant Thomson Reuters is axing around 2000 jobs, mainly at its financial and risk business and the recently created enterprise, technology and operations group.