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STP REPORT

Kirby Out, but STP Still In, Says Reuters

Reuters says it is still in the STP game even after disbanding its Integration for Trade Management (ITM) practice and laying off the practice’s London-based staff.

Reuters’ rebuttal came following speculation that the vendor had scaled back its STP ambitions after laying off Anthony Kirby, marketing director of ITM, as well as Terry Drewitt, Marin Haines and Andrew Muir--all of whom worked with Kirby. Kirby was brought in last year to formulate an STP

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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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