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Nomura Deploys Xaqua as Single-Dealer Front End

Vendor officials say it took the bank 14 weeks to develop and deploy the front end, which is based on Caplin's new Xaqua Web-based multi-asset trading platform.

Nomura officials decline to comment. However, the platform's design means that it can be easily extended to incorporate new asset classes or portals, says Abid Zaidi, global head of fixed income e-commerce IT with Nomura, in a statement.

Nomura is the fourth bank that has implemented the platform, says Paul Caplin, CEO of Caplin Systems.

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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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