Mainframes still mainstream: How financial markets are embracing and evolving 'legacy' IT

Tech giant IBM is targeting security, AI, and portability in the modernization of the mainframe as firms report still retaining “the workhorse of the back office.”

It’s the 1930s; Franklin Delano Roosevelt has been elected president, the Securities Act of 1933 and the Glass-Steagall act have been enacted, and a mathematician named Howard Aiken, a researcher at Harvard University, leads a group of engineers at IBM to design and build the Harvard Mark I, one of the world’s first large-scale computers. The Harvard Mark I, or the IBM Automatic Sequence Controlled Calculator, would start running in 1944 to assist in World War II efforts and be used in the

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

Waters Wrap: When looking for tech & data jobs, be curious

Senior executives across the industry tell Anthony that while having the right technical skills as a programmer or data specialist is important, the most desired qualities in new hires are curiosity and the ability to ask good questions.

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