Podcast
Waters Wavelength
Hosted by WatersTechnology · EN
Wei-Shen Wong and Anthony Malakian discuss the hottest financial technology topics in the capital markets every week.
12episodes
Episodes
Newest firstAll episodes
Episiode 352: Agentic workflows, AI bootcamps, regulation, and faves from Seoul
1w ago00:47:38Tap to summarizeTony catches Shen up on all the stories WatersTechnology published while she was on vacation. Stories mentioned: https://www.waterstechnology.com/emerging-technologies/7953074/symphony-introduces-agentic-workflows-to-core-platform https://www.waterstechnology.com/emerging-technologies/7953080/factsets-vectorization-service-aims-to-improve-agent-accuracy https://www.waterstechnology.com/regulation/7953083/ai-governance-rules-coming-soon-says-cftc-chair https://www.waterstechnology.com/emerging-technologies/7953077/bootcamps-and-peer-pressure-goldman-preps-staff-for-ai-future https://www.waterstechnology.com/data-management/7953000/genai-and-data-quality-converge-at-t-rowe-prices-data-lake-como?ref=header-search https://www.waterstechnology.com/emerging-technologies/7953079/defi-and-tradfi-firms-are-borrowing-each-others-benefits https://www.waterstechnology.com/regulation/7953050/hitting-the-great-wall-details-scarce-on-chinas-xinchuang-initiative
Transcribe →Episode 351: MarketAxess’s Lee and Alexandre
Apr 2900:39:56Tap to summarizeThis week, Spencer Lee, head of products, Americas, and Julien Alexandre, global head of research at MarketAxess, join the podcast to discuss AI in fixed income trading. https://www.waterstechnology.com/market-access/technology/7950305/waters-wavelength-podcast-fixed-income-execution-innovation?ref=search https://www.marketaxess.com/explore/the-state-of-ai-survey-findings (0:00) – Tony recounts the NFL draft week (8:00) – Spencer and Julien join the podcast (11:30) – How AI is making sense of data coming from different sources (17:30) – Evolution of AI in fixed income (22:00) – Where AI has the most measurable impact (24:30) – How to trade and what to trade (30:00) – Agentic vs algo (33:30) – AI sentiment index
Transcribe →Episode 350: AI but make it about data basics
Apr 1700:27:16Tap to summarizeThis week, Wei-Shen and Tony talk about a new AI study. (0:00) – Tony rambles on about crazy Uber fares (6:00) – Then, they discuss a recent AI study done by PwC.
Transcribe →Episode 349: The other Amsterdam and more Cusip drama
Apr 200:24:10Tap to summarizeThis week, Wei-Shen chats with Rebecca Natale, EMEA editor for WatersTechnology, about Reb’s recent trip to the Netherlands, and the latest on the Cusip legal drama. (0:00) – Reb is thrilled to be on this episode. She talks about her little adventure to Amsterdam in the Netherlands (9:30) – Then, they chat discuss the past four years of legal drama with Cusip Global Services, and the difference between use and issuance of Cusip identifiers (14:00) – The latest court case CGS has been hit with https://www.waterstechnology.com/data-management/7952899/where-have-four-years-of-cusip-legal-drama-gone?ref=search https://www.waterstechnology.com/data-management/7952806/plaintiffs-propose-to-represent-all-non-database-cusip-licensees-in-last-7-years?ref=search
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Episode 348: FIA Boca, prediction markets, and the stupidity of Chatham House rules
Mar 2000:49:01Tap to summarizeThis week, Anthony chats with Nyela Graham, senior reporter for WatersTechnology, who subs in for Wei-Shen to talk about the hot topics at FIA Boca. 0:00 – Tony and Nyela have a rant about Chatham House rules. 15:30 – Nyela recaps FIA Boca—everything from prediction markets to tokenization to 24/7 trading to exchange CEOs having a tiff. 36:30 – And of course, no podcast with Nyela and Tony would be complete without a little baseball talk (in this case, the World Baseball Classic). For more detail into what went down at FIA Boca, this article is in front of our paywall: https://www.waterstechnology.com/emerging-technologies/7952984/florida-and-folly-boca-attendees-forecast-the-future-of-market-structure
Transcribe →Episode 347: Brennan Carley
Mar 501:01:22Tap to summarizeThis week, Brennan Carley, who has spent more than 40 years working in financial technology, joins to discuss the hidden risks and untapped potential of agentic AI in the capital markets. 0:00 – Tony and Wei-Shen discuss boxing, MMA, and why our dreams of becoming professional fighters were dashed. 10:15 – Brennan joins the podcast 13:15 – An examination of AI’s evolution in the capital markets 20:30 – AI isn’t evolving as rapidly as it seems 26:30 – Are the old-guard software providers on Wall Street in trouble? 29:15 – How bank CEOs are looking at AI? 32:15 – How are the data providers looking at AI versus the trading technology business line? 37:45 – Will the fight over data exclusivity continue to ramp up? 43:45 – What are the hidden blind spots for firms of all stripes? 50:45 – A specific recommendation for FactSet and Refinitiv/LSEG Data & Analytics 54:30 – Brennan believes that there’s reason to believe that entry-level job won’t completely disappear; they’ll just change
Transcribe →Episode 346: TS Imagine’s Andrew Morgan
Feb 300:38:48Tap to summarizeThis week’s guest is Andrew Morgan, president and chief revenue officer at TS Imagine. He talks with Wei-Shen about how fixed income trading behavior is changing. (0:00) – Tony’s side hustle (7:00) – Andrew joins the podcast and gives an overview of his background (13:00) – Changing fixed income trading behaviors (15:30) – Three main ingredients for electronic trading (24:30) – Data issues (31:30) – Equities markets run on agentic AI (34:00) – What hinders further electronification
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Episode 345: Patrick McGarry’s Ride to Remember
Jan 2200:36:46Tap to summarizeOn September 11, 2001, Katie McGarry Noack had just arrived at the World Trade Center’s Windows on the World. She was attending Waters’ first-ever conference. Of the thousands who lost their lives on that day, Katie was one, along with 70 other delegates who had arrived to catch the morning presentations or settle in before participating in panel discussions later in the day. Patrick McGarry is Katie’s brother. For the 25th anniversary of that fateful day, he wanted to do something special to remember his sister: on March 8th, he will hop on his bicycle in San Diego, California, and begin a 3,000-mile journey across the US, ending in St. Augustine, Florida, on April 20th. The goal of his Pacific-to-Atlantic journey is to raise $100,000 to benefit the Tunnel to Towers Foundation, which provides mortgage-free homes to Gold Star and fallen first responder families with young children. We hope you listen to his story. If you’d like to donate, you can find all the information you’ll need here: https://www.aridetoremember2026.com/ (6:15) – Patrick McGarry joins the podcast. (7:30) – He talks about what his 3,000-mile ride will entail. (11:15) – Patrick discusses Katie’s story and why he decided to do something so daunting to remember her. (18:45) – Why did he choose the Tunnel to Towers Foundation? (26:45) – An examination of how people handle grief differently. (31:15) – How important was it for him to have his family’s backing on this endeavor? (33:45) – Details on how to connect with Patrick.
Transcribe →Episode 344: Hot topics for 2026
Jan 1300:27:27Tap to summarizeA little late, but a very Happy New Year from your favorite podcast hosts! This week, Tony and Shen discuss topics they think capital markets firms will focus on this year—AI and agentic AI, quantum computing, and—you guessed it—market data.
Transcribe →Episode 343: Broadridge’s Jason Birmingham
Dec 1800:37:03Tap to summarizeThis week’s guest is Jason Birmingham, CTO and head of global engineering at Broadridge (0:00) – Tony and Shen reminisce on an amazing snowman they built (7:00) – Jason joins the podcast and explains the “modern CTO mandate” (14:30) – The fundamentals matter (16:00) – A platform strategy (20:30) – Solving the ontology (26:00) – The blueprint (31:00) – Necessary skillsets
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