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Markit, Fidessa Tackle Transparency in Europe

DATA

Since the Markets in Financial Instruments Directive (MiFID) took effect in November 2007, equity traders have complained that the fragmentation of liquidity and trade reporting across multiple new venues has resulted in a severe drop in market transparency, making it difficult to ascertain where liquidity lies.

Markit last month unveiled its own solution to the problems, dubbed Markit MSA (Market Share Analysis). The product takes trade data at the end of every day from 11 top-tier banks

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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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