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Editor's Letter: A Simpler Time

REPORTS & BRIEFINGS

Let me start with an understatement: This period has been historic to say the least. Major investment firms that have existed for decades if not centuries will be a distant memory when the year is over. The idea of Wall Street as this all-knowing center of high finance has been shamed by bad decisions, poor judgment and willful ignorance. Just a few months ago, firms on the Street had a decent argument for easing some of the more restrictive measures like Sarbanes-Oxley and other tight

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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.

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