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This Week: DTCC, SEI, AirCarbon/Eventus and more

A summary of the latest financial technology news.

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DTCC’s Project Ion platform goes live in parallel production environment

The Depository Trust & Clearing Corporation’s (DTCC) Project Ion platform has gone live in a parallel production environment while upholding the firm’s safety standards. The platform, which is being developed as an alternative settlement platform leveraging distributed ledger technology (DLT), is now parallel processing an average of over 100,000 bilateral equity transactions per day. The DTCC subsidiary, The Depository

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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.

The enshittification of AI

The Waters Wrap: AI may look good to its developers, but there are a few problems lurking below the surface that might cause problems. Max Bowie explains.

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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