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Report: Bloomberg Gains as Spend Falls

Spend in the Americas has been hit hardest by the reductions, with a 4.9 percent decrease, compared to flat growth in Europe, the Middle East and Africa, mitigated somewhat by Asia, where spend has increased in almost every country throughout the region, rising by 6.5 percent this year overall and reflecting the maturation of Asian markets, says Douglas B. Taylor, managing partner at Burton-Taylor.

Another area bucking the overall trend with an upswing in spend is commodities and energy data

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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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