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Gearing Up

MARKET LEADERS

For a provincial US agency brokerage, it used to be essential to have an office in New York-but that is no longer the case. As technology improved and became more critical to how firms do business, Dallas-based Capis shut its once-bustling office in the country's financial capital and now conducts all of its business from its headquarters in the Lone Star State. Just three traders remain offsite to operate a trading desk on the New York Stock Exchange (NYSE) floor.

Recognizing the importance of

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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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