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Turning On a Dime

EDITOR'S LETTER

They say that aircraft carriers don't move on a dime. Investment firms once shared this same trait but there are signs that firms are working hard to be more nimble. Traders need to be able to pounce on new pools of liquidity, emerging asset classes and fresh structured products at a moment's notice. This is yet another challenge for the CIO who has to create the technology foundation on which the global capital markets can be built. Thankfully, from what the CIOs and their staff members tell us

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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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