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This Week: Appital adds to book-building tool; SmartStream; TS Imagine and more

A summary of the latest financial technology news.

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Appital adds pre-trade price discovery functionality

Peer-to-peer liquidity sourcing platform Appital has unveiled a new functionality designed to help asset managers discover pricing on large ADV orders before committing to a book build.

Following Appital’s launch two years ago, the company has been working to expand its product suite based on client feedback. According to CEO Mark Badyra, users had been asking for more time when reacting to book builds, but less time committed in the market.

“His

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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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