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Brokers Seek Clearing Transparency

"Some post-trade proprietors are direct-debiting money from us, the clients, before they give us the invoices," said Robert Barnes, managing director, equities with UBS, who spoke at a recent exchange and trading venue conference in London. Lower, transparent costs will lead to more liquidity and better results for the end investors, he adds.

According to Barnes the European Commission is supporting the initiative and has invited banks to discuss concerns this week.

"We call for improved tariff

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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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