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ETAS Panelists Disagree Over Limits of Low Latency

As low-latency technologies become more commoditized, trading firms will have to invest creatively to avoid diminishing returns, since low-latency architectures are no longer enough to guarantee trading success, according to panelists at last week's European Trading Architecture Summit.

"Two years ago, latency gave you a competitive advantage, but now it is alpha generation that will give you the edge," especially for firms executing complex trading strategies, said Jogi Narain, chief technology

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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.

The enshittification of AI

The Waters Wrap: AI may look good to its developers, but there are a few problems lurking below the surface that might cause problems. Max Bowie explains.

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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