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Pulling Back the Curtain

Editor’s Letter

Clearly, the one bit of good news out there is that we may have reached the bottom of this economic freefall and we are no longer looking down. If you are reading this at your desk inside a major investment house, hedge fund or exchange, then congratulations: You still have a job in IT. Now for the bad news: You and your harried team have to do the work of the IT team that has been whittled down due to layoffs and shotgun-mergers. You've never worked harder in your life and now comes the fun

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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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