News
Axoni’s work to create operational efficiencies across some of the world’s largest capital markets networks has been covered extensively by media outlets. See what they’re saying about us.
Get the latest updates from Axoni
Stay up-to-date on the latest industry news, insights and trends from Axoni
Operations Data-Sharing Report
Posted on Oct 17, 2024
Axoni, in collaboration with Coalition Greenwich, explores data-sharing practices of operations professionals at firms consuming and producing data. While many still rely on traditional methods, including file transfer protocol/secure file transfer protocol (FTP/SFTP) files to support end-of-day batch processing, the industry is shifting closer to real-time data-sharing and more efficient workflows to accommodate today’s market … Continue reading Operations Data-Sharing Report
The Wave: Axoni’s Greg Schvey on the Industry’s ‘Bad Data Problem’
Posted on Aug 5, 2024
In this edition of the Market Structure Wave video series, Axoni’s CEO Greg Schvey discusses data accuracy, delving into the bad data problem that exists at Wall Street firms that is needlessly costing them billions of dollars each year. In this interview, conducted by TabbFORUM Editorial Director Michael Scotti, Mr. Schvey discusses scenarios, whether trading opportunities or risk … Continue reading The Wave: Axoni’s Greg Schvey on the Industry’s ‘Bad Data Problem’
EVOLVING DATA SHARING PRACTICES IN CAPITAL MARKETS (PART 3)
Posted on Jul 26, 2024
Originally published on TabbFORUM At the start of our series, we highlighted the scale of the bad data problem within capital markets as well as the critical need to rethink data sharing tools and processes in use today. Here, we’ll compare some of the most common methods of transferring data in financial markets, including examples of where they’re implemented. … Continue reading EVOLVING DATA SHARING PRACTICES IN CAPITAL MARKETS (PART 3)
UNPACKING POST-TRADE RECONCILIATION CHALLENGES (PART 2)
Posted on Jun 17, 2024
Originally published on TabbFORUM Capital markets have a massive bad data problem that amounts to an estimated $50 billion a year spent on manually cleaning broken data. Even worse, the problem is growing as the amount of data generated continues to expand rapidly and is typically shared in a batch process often limited to once daily reports. … Continue reading UNPACKING POST-TRADE RECONCILIATION CHALLENGES (PART 2)
WALL STREET’S MULTI-BILLION DOLLAR BAD DATA PROBLEM
Posted on May 21, 2024
Originally published on TabbFORUM There’s an open secret on Wall Street familiar to anyone who has spent time inside the central nervous system of financial institutions: inaccurate, mismatched, or outright missing data is an everyday expectation in the systems underpinning global markets. Operations consume nearly 20% of global banks’ $1.4 trillion cumulative budgets and, according to Broadridge, 30-40% of back … Continue reading WALL STREET’S MULTI-BILLION DOLLAR BAD DATA PROBLEM