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New Firm Combines Market Making, Money Management And Technology; Builds Model To Emulate Specialist

THIS WEEK'S LEAD STORIES

Two former executives of Instinet Corp. and two former executives of Batterymarch Financial Management are forming a broker/dealer and investment advisory firm that will enhance portfolio returns through computerized trading.

William A. Lupien, former chairman and chief executive of Instinet, and Murray Finebaum, former president and chief operating officer, have teamed up with Evan Schulman, former senior vice president of Batterymarch, and John McCormack, former vice president of Batterymarch.

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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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