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OMX, Verizon Enter Outsourcing Talks

OMX has evaluated offers from a number of possible partners and has now agreed to enter into negotiations with Verizon, a financially strong partner with global presence, says an OMX spokesperson.

The transaction is expected to close in September provided that all necessary approvals are in place, says the spokesperson. Under the expected deal, OMX officials plan to turn over the company's external network operations and datacenter management as well as approximately 25 employees to its selected

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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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