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EDITOR'S LETTER

Wall Street has slowly moved away from old bulky technology and toward sleeker, faster, more secure solutions. If you traveled back to the early 1980s, the back offices of investment firms would be filled with hulking Cray mainframes the size of restaurant freezers. Now there are rows of small servers and blade racks. The first networks were brought in by traders who wanted to share information among their PCs, which they bought on their own dime, and the CIOs often found out about these new

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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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