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Knight to Launch Carbon Trading Desk

Last week, Knight hired Dan Braun as managing director and head of carbon trading to lead its nascent business unit. Braun plans to focus first on building Knight's business in carbon dioxide (CO2) emissions reduction rights in Europe, where the market for their securitization is more mature. However, he expects that the U.S. business eventually will be similar to that in Europe.

"We will be leveraging existing Knight technology," he says, adding that he will visit Knight's London office in about

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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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