This week, Reb and Tony talk about the internet and the problems compounded by AI.

https://www.waterstechnology.com/emerging-technologies/7952665/the-great-disappearing-internet%E2%80%94and-what-it-could-mean-for-your-llm

0:00 – Welcome to the team, Mya! You can reach her at [email protected]

7:00 – Reb and Tony discuss her recent column and the interconnected mess of a web of humans, internet, and AI

This week’s guest is Lior Yogev, CEO and co-founder at FundGuard. He joins the podcast to discuss legacy tech stacks at asset management firms.

0:00 – Tony and Shen talk about personalities

10:00 – Lior Yogev joins the podcast

12:30 – When does a tech stack become legacy?

19:00 – How asset managers modernize their platforms without excess downtime

22:30 – Migration times

26:30 – Total rebuild vs. slight tweaks

This week’s guest is Mo Rahim, group chief data officer at Standard Chartered, who joins the podcast to discuss data and AI governance and guardrails for AI.

0:00 – Tony and Shen talk about recent shows they’ve watched

9:00 – Mo Rahim joins the podcast

13:30 – Understand your core identity

17:00 – People and literacy

19:00 – Get your data right

25:00 – Standard Chartered’s research, partnerships, and innovation pillar

29:00 – Building AI in a safe and responsible way

32:30 – AI is your plus one

This week’s guest is Nick Kolba, CEO and co-founder of Connectifi, who joins the podcast to discuss the Model Context Protocol, LLMs and agentic AI.

0:00 – Tony and Shen talk about Astronomer’s ad campaign

5:30 – Nick Kolba joins the podcast

8:00 – Step changes or big jumps in tech

18:00 – Excitement for the Model Context Protocol

21:00 – Parallels between FDC3 and MCP

24:30 – Concerns around security

30:00 – Work that still needs to be done

41:00 – Code generation for “senior engineers”

This week’s guest is Brian Bejile, cofounder & CEO, Octaura

0:00-7:20: Anthony Malakian and Rebecca Natale, Europe Editor for WatersTechnology, complain for seven minutes about poor customer service and artificial intelligence.

7:20-35:23: Brian Bejile and Nyela Graham, senior reporter at WatersTechnology, have an actual informative discussion—as opposed to Tony and Reb’s diatribes—about the origins of Octaura, modernization of the credit markets, the platform provider’s move into the collateralized loan obligation (CLO) space, and the need for more data and analytics on the buy side.

This week, Reb and Nyela discuss BNY’s digital workers and what the use of AI in society signals for the future.

This week, Riad Chowdhury, head of Asia-Pacific, and Dan Burke, global head of emerging markets at MarketAxess, join to discuss block trading in fixed income. Plus Reb discusses her recent article about Cusip and updates on the class action lawsuit moving through the courts.

00:00 Reb and Tony discuss recent reporting around Cusip and updates on the class action lawsuit

12:30 Riad Chowdhury, head of Asia-Pacific, and Dan Burke, global head of emerging markets at MarketAxess, join the podcast

14:40 Block trading in fixed income vs. equities

20:20 Drivers for larger-sized trades

23:00 MarketAxess’s Targeted RFQ

31:00 Challenges for dealers

33:00 Learnings from the equities world

39:00 Trends in bid/ask spreads for EM hard-currency debt

44:20 AI model for Targeted RFQ

This week, Reb, Nyela, and Shen discuss concerns around air travel and notable cybersecurity incidents.

https://www.waterstechnology.com/emerging-technologies/7952488/agentic-ai-takes-center-stage-bank-tech-projects-new-funding-rounds-and-more?cx_artPos=1&cx_testId=4&cx_testVariant=cx_1#cxrecs_s

0:00 – Reb, Nyela, and Shen talk about Reb’s flight back from New York

10:30 – They discuss two stories from our last Waters Cooler about the previous hacks on the SEC’s Edgar database and Ion

This week, Par Cassells joins Nyela to discuss shorter settlement cycles and the role of vendors in the transition.

0:00 – Tony and Nyela talk highlights from the Tech & Data in Financial Markets (TDFM) conference

7:00 – Par Cassells, chief client officer at AccessFintech, joins Nyela on the podcast

9:00 – Par’s takeaways from North America’s move to T+1

13:00 – The upcoming moves to T+1 in the EU and UK

17:00 – T+0 margin vs. T+0 settlement

20:30 – Difference between the transitions

24:00 – Vendors’ role in the T+1 transition

This week, Tradeweb’s Chris Bruner joins the podcast to discuss digital assets and fixed income.

0:00 – Reb is back in NYC!

6:30 – Chris Bruner, chief product officer at Tradeweb, joins Nyela on the podcast

13:30 – Tradeweb’s history with blockchain

18:40 – Gauging client reception to digital assets

28:50 – Upcoming regulatory headwinds