New York Issue Brief – Part 1

Opening – Speaker: Tom Davin, Managing Director, FISD/SIIA

Host Sponsor Welcome Host: Rich Winter, Global Head, Market Data and Information Analytics, Fenics

Keynote: Decisions, failures and too much data – a view from the cockpit Speaker: Omri Shtayer, Chief Executive Officer, Lagoon Omri is the chief executive officer and co-founder of Lagoon, a no-code data intelligence platform that empowers investors to make better investment decisions by providing access to the relevant data in the blink of an eye. Prior to Lagoon, Omri served as a major in the Israeli Air force, flying F-16Is and in charge of a joint forces air command cell. In that role, he created tools that allowed him to make better strategic decisions in real-time, plan his missions faster, and remove obstacles for mission-critical communications. In this briefing, Omri will compare the data challenges and available tools facing investors with his experiences in the cockpit of an F16.

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Improving Financial Information with AI – Practical and Legal Considerations

Qualified attorneys in NY and CA may receive CLE credits for participating in this webinar.  Details on claiming CLE credits will follow.

This panel will discuss the legal and business considerations to deploying products utilizing artificial intelligence in the financial information industry.  Product developers and AI legal experts will describe how they partner to create AI that is effective and compliant.

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Data Policies, Is “Keep It Simple” Better Business?

Over the last couple of decades technology has influenced data policies.  The internet introduced a distribution network and an e-commerce capability for broker dealers and market data vendors; delayed data and redistribution policies were tweaked and expanded.  Electronic / algorithmic trading brought us the advent of Non-Display Usage policies.  The policies gradually became more complex and prescriptive: to account for unforeseen usage at the outset, and to protect against “bad actors” who identified policy loopholes.  Over the last few years we’ve seen a number of information providers “unwind” restrictions and simplify data policy language; why?

  • Did the information collection and administration associated with more restrictive policies work – effectively?
  • Was the barrier to entry for complex policies too high; did it constrain / delay subscriberships?
  • Was it financially “worth it”?  Did the restrictive tariffs cover the additional administration costs?
  • How do more complex policies affect the information provider / subscriber relationship?

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Measuring Social Impact: Defining the “S” in ESG

As investor interest in ESG (environmental, social, governance) continues to climb, it’s important to consider the quality of ESG data and how it is created. In particular, the social element of the initialism seems particularly hard to define and quantify as it spans employee diversity, human rights, animal testing, and consumer protections. How are data providers, aggregators, and ratings agencies meeting this challenge?

This session will discuss:

  • A definition of ESG, especially social factors
  • What puts a company “on the side of the angels” as far as the “S” is concerned?
  • The recent history of demand ESG information and how data providers have responded
  • The use of AI to assess companies against ESG parameters – how much weight is given to the “S” factor?
  • How this sector/practice is expected to grow and evolve as the less easily measured “S” is better abled to be captured/measured?

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International Exchanges are Growing Their Businesses in Asia: How Are They Doing It?

International exchanges are increasing their participation in Asia organically, as well as through partnerships and acquisitions. The participation is taking place in various forms: ICE Futures Singapore (tradable) Micro Asia Tech 30 Index futures contracts, SIX’s ADX Digital Asset Exchange partnering with SBI; Cboe’s regional acquisitions and extended trading hours for volatility (VIX) instruments. The participants will discuss:

What / who prompted the need for this product/venue?
Who do these instruments appeal to institutional, retail?
Do any of these instruments trade outside Asia hours?
How will the data be sold/distributed: as part of (existing) global exchange feeds, as independent feeds?
What future initiatives in Asia/Pacific can we expect from international exchanges: acquisitions, organic growth?

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