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No Easy FIX: Brokers Eye Outsourcing FIX Connections

michael-abbruzzese
Michael Abbruzzese, Dominick & Dominick

Many firms like to talk about their operational resilience and their ability to weather financial crises. Then there’s Dominick & Dominick, founded in 1870, five years after the Civil War’s bloody conclusion. During its 140-year history, the New York-based financial services firm has only known two owners. It has survived market crashes, Black Tuesday, the Great Depression, and numerous recessions and bubble bursts. The firm, which serves as a wealth manager and brokerage, prides itself on its

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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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