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Global IT Spending Set to Rise

In the report, entitled IT Spending in Financial Services: A Global Perspective, the authors estimate that the North American market will experience a 3 percent growth in spending over the 2009 level to $32.7 billion. Europe and Asia-Pacific will see between 2 percent and 4 percent growth in annual IT spending of $23.6 billion and $12.8 billion, respectively.

"Last year saw a tremendous amount of cutting on new investments and even maintenance projects," says David Easthope, a senior analyst with

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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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