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Evolving Demands Lead Wedbush to Diversify

"It's no different than any other business," explains Jeff Bell, executive vice president, clearing and technology group, with Wedbush Securities. "Clients are constantly pushing us to be better, more innovative and more efficient in how we do things, which drives us to have tighter automation of procedures and interfaces," he adds.

According to Bell, the demand for high-frequency automated trading is only growing as more people who are knowledgeable in the subject leave larger firms that

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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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