Episode 358: Tradeweb’s Chris Bruner

To start on a somber note, this Friday will mark the 25th anniversary of the terrorist attacks on 9/11. WatersTechnology was hosting its first-ever event at Windows on the World at the top of the North Tower. Click here to read our memorial article: https://www.waterstechnology.com/comment/7874671/911-the-colleagues-we-lost-and-the-years-that-followed This week’s guest is Chris Bruner, chief product officer at Tradeweb. (0:00) – Tony vents about a recent PR incident (13:00) – Chris joins the podcast and explains why Tradeweb got into the prediction markets game. [This is Chris’ second time on the show. Here is his previous episode: https://www.waterstechnology.com/emerging-technologies/7952471/waters-wavelength-ep-320-tradeweb%E2%80%99s-chris-bruner] (17:00) – Why is it a necessity to incorporate this data onto the Tradeweb platform, rather than the customer going directly to the prediction markets provider? (19:00) – How is this data different than sentiment data coming from, say, Reddit, X, or Facebook? (22:00) – What were some of the lessons learned along the way? [Hint: agentic AI enters the chat] (25:30) – What improvements need to be made around metadata and lineage to combine this new feed with existing datafeeds and services? (30:00) – Fixed income has been electronifying for quite some time now, but progress in certain areas remains slow. At the same time, though, in just a few years the market has gone from generative AI to agents starting to act autonomously. What unique challenges and opportunities does that rapid technological evolution present to fixed-income markets? (36:00) – For a chief product officer, how do you balance governance with being innovation-forward? (40:00) – What are some of the infrastructure hurdles related to overnight trading that people need to start thinking about now?