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Navigating the Crisis

COVER STORY

For Wall Street, 2008 has been worse-by far-than anyone could have foreseen even a year ago.

Bulge-bracket sell-side firms considered financial bastions at the beginning of the year have either been acquired or gone bust. The financial services industry has been stifled by a lack of availability of short-term credit. And now many hedge funds-which appeared to be faring better at the beginning of the crisis that began in earnest in September-are facing what amounts to a run on the bank in 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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