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Secrets of IT Success

SPECIAL REPORT: AVOIDING IT FAILURE

In the 1995 film Apollo 13, actor Ed Harris playing NASA flight director Gene Kranz issues a crystal clear order to the Houston control center: "Failure is not an option."

If only large-scale financial technology projects were as cut and dried. Granted, the budgets for IT projects on Wall Street, the City and other global capital markets don't compare to the money NASA needed to send people to the moon and back, but these projects still run up hefty price tags and success is not guaranteed.

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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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