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Cantor completes SunGard's Phase3 implementation

New York-headquartered inter-dealer broker Cantor Fitzgerald has completed its UK implementation of SunGard's Phase3 multi-asset, multi-currency securities processing platform in a SunGard-hosted ASP environment. The implementation marks the culmination of a project to convert all of Cantor's US and UK equity and fixed-income transaction processing, clearing and settlement operations from separate vendor platforms to a single consolidated Phase3 platform. According to SunGard, Phase3 helps

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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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