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IPC Speeds Up New York-Chicago Link

Trading communication platform provider IPC Systems has opened a new high-speed trading connection between the Chicago and New York markets, vendor officials announced.

IPC has been operating the new connection between its point-of-presence (PoP) at 350 East Cermak in Chicago and 165 Halsey Street in Newark, NJ, for about three months, according to Dave Brown, senior vice president of global network operations at IPC. The provider expects more clients to come on board the new connection. "We are

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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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