Big news today, as it was announced that State Street is buying order management system (OMS) giant Charles River. Anthony and James give their initial thoughts, though a longer, well-reported feature will be coming next week. They also discuss the alternative data space and, specifically, climate change data.

1:30 Holy crap… State Street is buying Charles River for $2.6 billion.

4:00 What are some of the immediate concerns?

9:00 What will happen with the rest of the OMS space?

11:00 Climate change data—an inside look at how the likes of Man Group, UBS, Deutsche Bank, Axa Rosenberg and the European Bank of Reconstruction and Development are using these datasets.

https://www.waterstechnology.com/market-data-data-analytics/3746441/end-of-days-data-climate-content-heats-up

23:15 There’s a problem facing the quant research field, as new studies are finding that a lot of discoveries that were taken as fact cannot be replicated. Our colleague on Risk.net, Faye Kilburn, spoke with a wide array of people and one thing she heard is that the combination of machine learning tools with alternative data is exasperating the problem.

https://www.waterstechnology.com/market-data-data-analytics/data-consumers/3752886/fools-gold-data-mining-digs-up-explosive-errors

29:00 A more thoughtful World Cup recap, this time without a litany of beeps.