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Alpha ATS Set for Engine Update

"We don't have a hard timeline yet," says Karl Ottywill, CTO of Alpha. "We are currently on version 7, so version 8 is fairly new for us. We have had discussions with Cinnober on the advantages of moving to the new version, but that will occur more likely in the third or fourth quarter."

According to Cinnober officials, the latest version of the matching engine provides the option of using application-level asynchronous replication between their primary and standby TradExpress servers.

The

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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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