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Wall Street Applies Linux Leverage

INFRASTRUCTURE

NEW YORK--Merrill Lynch chief technology officer (CTO) John McKinley is among an influential group of Wall Street technologists who have embraced Linux and put their server suppliers on notice that the days of piling applications on banks of high-end, high-priced proprietary machines are numbered.

Increasingly, farms of "commodity" Intel-based hardware and the irrepressible mainframe have been making inroads into what has historically been the territory of server makers such as Sun Microsystems (

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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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