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The Time Is Now

SPECIAL REPORT EDITOR'S LETTER

The buy side has gone from complaining that algorithmic trading is nothing but a fancier and faster way for the sell side to de-construct and re-construct the buy side's order flow to complaining about the lack of available tools to prove that the trading algorithms provide the best execution. It's similar to the Woody Allen joke from Annie Hall about the two little old ladies dining at a new restaurant. The first complains about the poor quality of food and the second, while agreeing with her

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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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