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Reg NMS Delayed

The implementation of Regulation NMS has been delayed until 2007 following an announcement by the US Securities and Exchange Commission late last week. The new deadlines are: Oct. 16, 2006: self-regulatory organizations must have published on their Web sites their final technical specifications for how their systems will comply with the new order protection rule; Feb. 5, 2007: these systems must be operational; April 1, 2007: the revised revenue allocation formula must have been

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

DTCC dives into public cloud

The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.

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