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European Data Dilemmas: Navigating Fragmented Liquidity

IMD: How has exchange competition in the form of new multilateral trading facilities changed the market data landscape in Europe?

Henk D'Hoore, head of product, EMEA, Interactive Data Real-Time Services: Although it has been a gradual process, it is fair to say that the implementation of MiFID has caused significant changes to the market data landscape in Europe, with many new venues emerging across the continent. This has led to increased levels of data and liquidity fragmentation across the

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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.

Solving the last line of latency

Repurposed copper cables and hollow-core fiber can optimize latency even for firms who feel they’ve hit a ceiling, writes Vahan Sardaryan in this guest column.

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