SigTech

Is AI transforming capital markets? Listen to the Trading Tomorrow – Navigating Trends in Capital Markets podcast as host James Jockle talks with SigTech’s Bin Ren about AI-driven decision-making. Learn how AI is transforming decision-making in investment management, trading, and risk management. From cutting-edge tools like SigTech's "MAGIC" to real-time analysis of central bank speeches, AI is speeding up processes and reshaping the roles of financial professionals. 🎧 Listen Now: https://lnkd.in/gF_Br9D5   #AIFinance #CapitalMarkets #FinTech #TradingTomorrow #SigTech #Numerix

Many of us learned about the threat and true devastation that can be caused by “riverine flooding” for the first time last week. With the rescue and cleanup still ongoing, it’s too early to have a precise tally of the tremendous damage wrought by Hurricane Helene in North Carolina, West Virginia, Tennessee and Georgia. But it’s been enough time to learn riverine flooding can hit inland mountain towns as hard as any storm surge slams the coast. Moreover, those towns are often less prepared as a front-page New York Times story today noted. The initial cost to private insurers and the federal and state government will likely be dwarfed by longer-term costs to change building codes and raise insurance premiums. A decade ago Hurricane Sandy slammed into the coast of my home state, New Jersey. My parents were forced to flee and had to relocate for half a year while their hometown was cleaned up. Later they had to rebuild. According to SigTech MAGIC, an analytical tool used by quants, Sandy cost as much as $70 billion in damage and also led to significant increases in insurance premiums, the adoption of refined catastrophe models and extensive revisions to building codes. The SigTech MAGIC analysis showed Sandy caused: –Insurance premiums to rise $5,000 to $10,000 on average –Codes to mandate higher elevation standards for buildings –The use of flood-resistant materials in construction –Hospitals to install temporary generators and boilers –New regulations on the location of HVAC units –Additional requirements in NYC on buildings over five stories A larger question in the aftermath of Helene will be where and how towns should be reconstructed, according to Robert S. Young, Director of the Program for the Study of Developed Shorelines, a joint Duke University/Western Carolina University venture. Young pointed out mountain towns were located in river valleys so manufacturing facilities could use waterpower and rivers for transportation. In a LinkedIn post, he wrote: “Does it make sense to put everything back in areas where it will still be exposed? Raising entire business districts is impractical and also sort of weird. These are tough questions that I fear most will not want to think about.” “There is a growing acknowledgement that we live in a new normal. We must rethink how and where we live with the floodplain (and how big that floodplain really is). I hope there may be some opportunities to re-envision our mountain towns.” Technology has changed a lot since Hurricane Sandy. AI programs can help pinpoint and assess risks. We can quickly query Magic to rank the states and estuaries at risk of flooding or pull together a list of historical floods. For example, North Carolina suffered: Hurricane Floyd (1999): Catastrophic flooding Hurricane Matthew (2016): Significant river flooding Hurricane Florence (2018): Severe riverine flooding Sadly, what AI technology cannot do is rebuild homes much faster. #newstechanalysis

Don't miss out on an exclusive deep dive into Capital Markets Infrastructure, Regulation, Data, and Innovation next week! Reserve your spot today—spaces are filling up quickly! https://lu.ma/h2fdbrjd We're excited to present a stellar lineup of industry leaders at our upcoming event, featuring panels on Market Infrastructure and Digital Assets Innovation, plus plenty of networking opportunities! Date: 09th October 2024 Welcome & Coffee Networking: 9:30 AM Opening Remarks: 10:00 AM Agenda Highlights: Panel 1: State of Market Infrastructure Nicolas K. - CEO, OTCX Guillaume Tellez - CFO/COO, Wematch.live Serene Murphy – Managing Director, Tradeweb Philip Morgan - CEO, Pirum Panel 2: Regulation and Reporting Lee Godfrey - CEO, Kurtosys Matt Smith - CEO, SteelEye Michael Sim - Investor, Fidelity International Strategic Ventures Panel 3: Data and Analytics Jonathan Bloch - CEO, Exchange Data International (EDI) Stuart Connolly - CEO, CloudMargin Peter Rippon - CEO, OpenGamma Bin Ren – Founder and CEO of SigTech Panel 4: Innovation in Capital Markets and Digital Assets Matthew Raeside -Principal Investments, UBS Theodore Rozencwajg - CCO & Co-Founder, D2X Group Dolf Diederichsen - CEO, Hyphe Sabih Behzad - MD, Deutsche Bank Digital Assets Ryan Hayward - MD, Head of Digital Assets and Strategic Investments, Barclays Julia Morrongiello - Corporate Development and Strategy, BVNK 🍽 Lunch & Networking: 1:00 PM onwards Don't miss this opportunity to engage with the best minds in Capital Markets, Digital Assets, and more. Stay tuned for more updates! #fintech #capitalmarkets #networking #investors