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Nordic Conquest

Exchanges

It's a tough time for European multilateral trading facilities (MTFs). Just months after the Markets in Financial Instruments Directive (MiFID) came into force-the piece of regulation that enabled the existence of MTFs-the credit crunch set in. Stock values and trading revenues have taken a nosedive, leaving many wondering if the fragmented landscape is ripe for consolidation. Despite this, a new entrant is about to go live: Burgundy, owned by Scandinavian banks and brokers, will launch this

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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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