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Evolve or Die

TRADING TECHNOLOGY

It happened to the dinosaurs, 8-tracks and the Yugo, and the automated markets are about to do it to the OTC:BB market maker. To improve trading liquidity, market transparency and flagging bottom lines, the electronic exchanges and trading platforms have launched an offensive to automate OTC:BB and Pink Sheet trading that will soon affect the role of the market maker.

"It’s absolutely necessary to modernize the markets for trading these underserved stocks by providing fast, transparent and

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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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