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MiFID Winners and Losers

MIFID SPECIAL REPORT

When people speak of the European Union's Markets in Financial Instruments Directive (MiFID), they can't help but issue dire warnings.

Anthony Hilton, the well-known British financial columnist of London's Evening Standard newspaper, bills it as "probably the biggest single piece of financial legislation ever to come out of the EU." Consultancy firm Celent Communications calls MiFID "the most far-reaching reform of any major financial market ever undertaken." Gary Wright, managing director of

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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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