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Formby Swaps BT for Endace

Network monitoring technology vendor Endace has hired Kevin Formby as vice president of business development to head its financial services strategy, including the development and expansion of products and services, with a focus on high-frequency trading. Formby was most recently head of business development at BT Global Financial Services, having been part of the original management team that created the Radianz financial extranet, and serving as head of US sales prior to its acquisition by BT

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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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