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Gain Capital Moves into Institutional Waters

The new platform provides participants with a venue where the matching engine matches the trades back-to-back so that Gain Capital takes no risk onto its books, explains Vincent Sangiovanni, executive director with Gain GTX ECN. "There isn't a trading desk behind GTX," he adds.

Gain plans to offer clients two types of service depending on the type of firm wishing to participate in the new ECN. For clients who have pre-existing credit lines with their prime brokers, Gain offers its GTX Prime-to

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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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