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In the world of software, Microsoft is hardly ever in second place, let alone third. As the publisher of the dominant Windows operating system and a slew of productivity tools and back-office products, Microsoft is all over Wall Street. And yet it isn't. While many traders' desktops run Windows, and while Word, Excel and PowerPoint are staples among Wall Street's rank and file, the real fight for financial-firm dollars is centered on the data center.

And there, Microsoft is taking on IBM and Sun

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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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