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Cover Story: Clean-Up Time

WATERS SPECIAL REPORT

It’s about time. Since the dark days of the dot-com collapse, business scandals, and rampant lay-offs in the financial IT sector, firms relegated all reference data initiatives to the back burner. The firms frankly had better things to do: achieve STP, set up disaster recovery centers, and create compliance practices from whole cloth. Who had the time to clean up reference data, which suffers due to its siloed nature and a lack of industry standards?

Now, thanks to a rising economy and modestly

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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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