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Pulp Fiction: The Case for Dematerialization

The world’s first official stock issuance is believed to be that of the Verenigde Oostindische Compagnie, or the Dutch East India Company, which established the Amsterdam Stock Exchange for its purposes. The oldest certificate dates back to 1606 for this rudimentary initial public offering. Shares had been traded informally and unofficially for some time before that, of course, but the paper record given out for equity purchase formalized the process to a degree, and it’s one that continues to

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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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