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Re-Engineering Instinet

WATERS Q&A

Change has been the norm at global agency broker Instinet, now an independent subsidiary of Nomura Holdings. The deal between the Japanese bank and US buyout firm Silver Lake Partners was finalized in February. In March, Instinet announced the promotion of Christopher Rogers to CTO, succeeding Michael Bundy, who was named CTO of Chi-X, Instinet's new pan-European equity alternative trading system. Waters sat down with the co-CEO and CIO Alex Goor, who assumed the post in February, to talk about

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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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