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Heeding the Call of Open Outcry

The march toward electronification continues unabated. In July, Spanish exchange Bolsas y Mercados Españoles moved the last 42 stocks still being floor-traded onto an electronic system, while BM&F Bovespa in São Paulo ended 20 years of derivatives pit trading the previous month. Even the Iraq Stock Exchange held its first ever day of electronic trading back in April.

Are these the last gasps of open-outcry trading?

Even now, the public perception of a financial exchange is firmly stuck in those

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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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