Lawrence won the award following a live industry vote during the Leaders in Trading awards gala last night.  
The post <a href="https://www.thetradenews.com/ubs-ams-stuart-lawrence-takes-home-the-industry-person-of-the-year-award-2025/">UBS AM’s Stuart Lawrence takes home the Industry Person of the Year Award 2025</a> appeared first on <a href="https://www.thetradenews.com">The TRADE</a>.

تم تكريم ستيوارت لورانس من UBS Asset Management بجائزة شخصية العام في الصناعة في حفل جوائز القادة في التداول الأخير. هذه الجائزة، التي تم تحديدها من خلال تصويت مباشر من الصناعة، تبرز المساهمات الكبيرة للورانس في القطاع المالي. إن الفوز بهذه الجائزة لا يسلط الضوء فقط على قيادته، بل يعكس أيضًا الاحترام الذي اكتسبه بين أقرانه، مما يجعلها لحظة بارزة في الصناعة.

Stuart Lawrence de UBS Asset Management ha sido galardonado con el Premio a la Persona del Año en la Industria en la reciente gala de Líderes en Trading. Este reconocimiento, determinado por una votación en vivo de la industria, destaca las contribuciones significativas de Lawrence al sector financiero. Ganar este premio no solo subraya su liderazgo, sino que también refleja el respeto que ha ganado entre sus colegas, convirtiéndolo en un momento notable en la industria.

Stuart Lawrence de UBS Asset Management a été honoré du prix de la Personne de l'Année dans l'Industrie lors de la récente gala des Leaders en Trading. Cette reconnaissance, déterminée par un vote en direct de l'industrie, souligne les contributions significatives de Lawrence au secteur financier. Gagner ce prix met non seulement en avant son leadership, mais reflète également le respect qu'il a gagné parmi ses pairs, ce qui en fait un moment marquant dans l'industrie.

Stuart Lawrence from UBS Asset Management has been honored with the Industry Person of the Year Award at the recent Leaders in Trading awards gala. This recognition, determined by a live industry vote, highlights Lawrence's significant contributions to the financial sector. Winning this award not only underscores his leadership but also reflects the respect he has earned among his peers, making it a noteworthy moment in the industry.

UBS AM’s Stuart Lawrence takes home the Industry Person of the Year Award 2025

&nbsp;As US educators embrace AI in the classroom, firms are selling software to flag mentions of self-harm, raising concerns over privacy and control.

مع تزايد استخدام تقنية الذكاء الاصطناعي في الفصول الدراسية في الولايات المتحدة، بدأ المعلمون في استخدام الدردشة الآلية لمراقبة رفاهية الطلاب. بينما يمكن أن تساعد هذه الأدوات في تحديد علامات السلوكيات الذاتية الضارة، فإنها تثير أيضًا مخاوف كبيرة بشأن الخصوصية ومدى المراقبة في البيئات التعليمية. قد يؤثر هذا التحول نحو المراقبة المستمرة على ثقة الطلاب وحريتهم، مما يجعله قضية حاسمة للآباء والمعلمين على حد سواء.

A medida que la tecnología de IA se vuelve más común en las aulas de EE. UU., los educadores están utilizando cada vez más chatbots para monitorear el bienestar de los estudiantes. Si bien estas herramientas pueden ayudar a identificar signos de autolesionismo, también plantean preocupaciones significativas sobre la privacidad y el alcance de la vigilancia en los entornos educativos. Este cambio hacia la vigilancia constante podría afectar la confianza y la libertad de los estudiantes, convirtiéndolo en un tema crítico para padres y educadores.

Alors que la technologie de l'IA devient de plus en plus courante dans les salles de classe aux États-Unis, les éducateurs utilisent de plus en plus des chatbots pour surveiller le bien-être des élèves. Bien que ces outils puissent aider à identifier des signes de comportements autodestructeurs, ils soulèvent également d'importantes préoccupations concernant la vie privée et l'étendue de la surveillance dans les établissements éducatifs. Ce passage vers une surveillance constante pourrait affecter la confiance et la liberté des élèves, ce qui en fait un enjeu crucial pour les parents et les éducateurs.

As AI technology becomes more prevalent in classrooms across the US, educators are increasingly using chatbots to monitor student well-being. While these tools can help identify signs of self-harm, they also raise significant concerns about privacy and the extent of surveillance in educational settings. This shift towards constant monitoring could impact students' trust and freedom, making it a critical issue for parents and educators alike.

Chatbots Are Sparking a New Era of Student Surveillance

The TRADE sits down with Nicholas Phillips, market structure research analyst at Bloomberg Intelligence (BI), following the publication of BI's 'European institutional equity trading study 2025’ report, to explore Europe’s renewed trading momentum, what to look out for in 2026, and the continued developments in post-trade, dark trading caps, rising bilateral, and more.
The post <a href="https://www.thetradenews.com/fireside-friday-with-bloomberg-intelligences-nicholas-phillips/">Fireside Friday with… Bloomberg Intelligence’s Nicholas Phillips</a> appeared first on <a href="https://www.thetradenews.com">The TRADE</a>.

في مناقشة حديثة، شارك نيكولاس فيليبس من بلومبرغ إنتليجنس رؤى حول نتائج تقريرهم 'دراسة تداول الأسهم المؤسسية الأوروبية 2025'. وأبرز انتعاش نشاط التداول في أوروبا وما يمكن توقعه في عام 2026، بما في ذلك التقدم في عمليات ما بعد التداول وتنظيمات التداول المظلم. هذه المحادثة مهمة لأنها تسلط الضوء على المشهد المتطور لتداول الأسهم، وهو أمر حاسم للمستثمرين والمشاركين في السوق الذين يسعون للتنقل في تعقيدات السوق الأوروبية.

En una reciente discusión, Nicholas Phillips de Bloomberg Intelligence compartió información sobre los hallazgos de su informe 'European institutional equity trading study 2025'. Destacó el resurgimiento de la actividad de trading en Europa y las tendencias que se anticipan para 2026, incluyendo avances en los procesos post-negociación y regulaciones sobre trading oscuro. Esta conversación es significativa ya que arroja luz sobre el paisaje en evolución del trading de acciones, lo cual es crucial para los inversores y participantes del mercado que buscan navegar por las complejidades del mercado europeo.

Lors d'une récente discussion, Nicholas Phillips de Bloomberg Intelligence a partagé des informations sur les résultats de leur rapport 'European institutional equity trading study 2025'. Il a souligné la résurgence de l'activité de trading en Europe et les tendances à anticiper en 2026, y compris les avancées dans les processus post-négociation et les réglementations sur le trading obscur. Cette conversation est importante car elle éclaire l'évolution du paysage du trading d'actions, ce qui est crucial pour les investisseurs et les acteurs du marché cherchant à naviguer dans les complexités du marché européen.

In a recent discussion, Nicholas Phillips from Bloomberg Intelligence shared insights on the findings of their 'European institutional equity trading study 2025' report. He highlighted the resurgence of trading activity in Europe and what trends to anticipate in 2026, including advancements in post-trade processes and dark trading regulations. This conversation is significant as it sheds light on the evolving landscape of equity trading, which is crucial for investors and market participants looking to navigate the complexities of the European market.

Fireside Friday with… Bloomberg Intelligence’s Nicholas Phillips

Hi there. In this article, I'll be going over the process of how you can create a macOS 26 Tahoe USB bootable installation drive.

<h2>
 
 
 YouTube Video
</h2>

If you would prefer to see a video of this article, there is a video version available on YouTube below:

<iframe width="710" height="399" src="https://www.youtube.com/embed/BBiWy6FrtM4">
</iframe>


<h2>
 
 
 Requirements
</h2>

To do this, you'll need macOS 10.15 or above (I used macOS 15) and a 32GB USB stick or higher to create the installation drive.

Before you start, make sure to backup any data that is on the USB stick as the USB stick will be erased as part of the process.

<h2>
 
 
 Downloading the macOS 26 Tahoe Installer
</h2>

Unlike previous versions of macOS, macOS 26 Tahoe is not available in the App store. It can only be downloaded via the command line for the full version that is used to create an installation disk.

To begin with, you'll need to open the terminal application. To this, use spotlight by pressing command and space together. Then, type terminal and hover over to the terminal application. It looks like a black box with a white arrow. Left click on it to open the application.

Your terminal may look different to mine but don't worry.

You can also get to it by opening a Finder window, going to Applications, then Utilities and then double clicking on Terminal.

First, you need to determine what the latest version of Tahoe is. There are two ways to do this. First, you can use this <a href="">webpage</a>, which shows it is being 26.1 at the time of writing this article.

<a href="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2F7p6roxf0ufy5frukae2c.png" class="article-body-image-wrapper"><img src="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2F7p6roxf0ufy5frukae2c.png" alt="Image 1" width="800" height="354"></a>

The second method is to run the following command in the terminal: 


<div class="highlight js-code-highlight">
<pre class="highlight shell"><code>softwareupdate --list-full-installers
</code></pre>

</div>



The latest version is at the top, which again is 26.1.

<a href="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2Fcogm6l42kciu08k750nl.png" class="article-body-image-wrapper"><img src="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2Fcogm6l42kciu08k750nl.png" alt="Image 2" width="800" height="461"></a>

The next step is to download the installer for macOS 26.1. To do that, run the following command. If a newer version is available, replace <code>26.1</code> with that version, if you want to: 


<div class="highlight js-code-highlight">
<pre class="highlight shell"><code>softwareupdate --fetch-full-installer --full-installer-version 26.1
</code></pre>

</div>



It will now download the installer. This will take some time.

<a href="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2Ffqmovocs202pw2bwdjib.png" class="article-body-image-wrapper"><img src="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2Ffqmovocs202pw2bwdjib.png" alt="Image 3" width="800" height="462"></a>

<h2>
 
 
 Creating the USB Installation Drive
</h2>

Now that the installer has finished downloading, you should be able to see it in the Applications folder in Finder.

<a href="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2F9gkffyhw77ufowhtpd54.png" class="article-body-image-wrapper"><img src="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2F9gkffyhw77ufowhtpd54.png" alt="Image 4" width="800" height="495"></a>

The next step is to make the USB installation drive. First, make sure your USB stick is connected to your Mac.

Mine is connected and it's called usbstick.

I would recommend renaming your USB stick to a name that has no spaces to make it easier.

Once again, remember to backup anything that is on the USB stick that you want to keep.

When you are ready, run the following command in the terminal. Replace <code>usbstick</code> with the name of your USB stick. 


<div class="highlight js-code-highlight">
<pre class="highlight shell"><code>sudo /Applications/Install\ macOS\ Tahoe.app/Contents/Resources/createinstallmedia --volume /Volumes/usbstick
</code></pre>

</div>



Press enter and then type in your password, or the username and password for an administrator account if your account doesn't have that level of permission.

When it asks you to confirm the USB stick can be erased, press <code>y</code> and then enter.

Your USB stick will disappear from Finder and then come back with the name of Install macOS Tahoe. This is normal.

The progress will be shown on the screen.

Once it has completed, the terminal will look like the below image.

<a href="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2Ff69snvwmd4xsra2ugsos.png" class="article-body-image-wrapper"><img src="https://media2.dev.to/dynamic/image/width=800%2Cheight=%2Cfit=scale-down%2Cgravity=auto%2Cformat=auto/https%3A%2F%2Fdev-to-uploads.s3.amazonaws.com%2Fuploads%2Farticles%2Ff69snvwmd4xsra2ugsos.png" alt="Image 5" width="800" height="462"></a>

You can now use that to boot from and install, or reinstall macOS 26 Tahoe on a <a href="">supported Mac</a>.

Thanks for reading and have a nice day!

يوفر هذا المقال دليلًا بسيطًا حول كيفية إنشاء محرك USB قابل للتشغيل لتثبيت macOS 26 Tahoe، مما يسهل على المستخدمين تثبيت أو ترقية نظام التشغيل. مع تعليمات واضحة وتوافر فيديو تعليمي على يوتيوب، يلبي احتياجات المتعلمين البصريين وأولئك الذين يفضلون الإرشادات المكتوبة. هذا مهم بشكل خاص لأن وجود محرك قابل للتشغيل يمكن أن يبسط عملية استكشاف الأخطاء وإصلاحها واستعادة النظام، مما يضمن أن المستخدمين يمكنهم الحفاظ على أجهزتهم بفعالية.

Este artículo ofrece una guía sencilla sobre cómo crear una unidad USB de instalación de macOS 26 Tahoe, facilitando la instalación o actualización del sistema operativo. Con instrucciones claras y un tutorial en video disponible en YouTube, se adapta tanto a los aprendices visuales como a aquellos que prefieren la orientación escrita. Esto es especialmente importante, ya que tener una unidad de arranque puede simplificar la solución de problemas y la recuperación del sistema, asegurando que los usuarios puedan mantener sus dispositivos de manera efectiva.

Cet article propose un guide simple pour créer un lecteur USB d'installation bootable macOS 26 Tahoe, facilitant ainsi l'installation ou la mise à niveau du système d'exploitation. Avec des instructions claires et un tutoriel vidéo disponible sur YouTube, il s'adresse à la fois aux apprenants visuels et à ceux qui préfèrent les conseils écrits. Cela est particulièrement important car avoir un lecteur bootable peut simplifier le dépannage et la récupération du système, garantissant que les utilisateurs peuvent maintenir efficacement leurs appareils.

This article provides a straightforward guide on creating a macOS 26 Tahoe USB bootable installation drive, making it easier for users to install or upgrade their operating system. With clear instructions and a video tutorial available on YouTube, it caters to both visual learners and those who prefer written guidance. This is particularly important as having a bootable drive can simplify troubleshooting and system recovery, ensuring that users can maintain their devices effectively.

How To Create A macOS 26 Tahoe USB Installation Drive

You don’t need to shout to be heard; you need to be clear and verifiable. Teams that treat publishing like a product discipline consistently outperform those chasing hacks. That’s why many engineering leaders pair solid writing with measurable distribution and—only where it helps—specialist partners offering <a href="https://techwavespr.com/services/" rel="noopener noreferrer">digital marketing services</a> to keep the pipeline of attention honest and repeatable. This piece distills a pragmatic framework for content that survives scrutiny and compounds over time.

<h2>
 
 
 The Operating Model: From “Post and Pray” to Repeatable Pipelines
</h2>

Great articles don’t appear out of nowhere—they move through a pipeline with explicit gates. Think of it as CI/CD for ideas:

<ul>
<li>Discovery → Drafting → Review → Publish → Observe.</li>
</ul>

At each stage, you’re validating something different: whether the topic matters, whether the draft is clear, whether claims are supported, whether the page renders fast and clean, and how readers actually engage. This isn’t bureaucracy; it’s how you protect your future self from firefighting.

Discovery is about narrowing to problems your readers already feel. The fastest test is to write the problem in one sentence and ask a skeptical colleague if it describes a real moment they’ve lived. If they hesitate, refine until they can retell it in their words.

Drafting prioritizes specificity. Replace abstractions with measurements (“p95 latency dropped from 480 ms to 160 ms”) and name the trade-offs. Engineers recognize truth in constraints. Avoid performative flourishes; ship facts.

Review is a multidisciplinary check: technical accuracy, legal and privacy considerations, and plain-language clarity. The review should be adversarial but bounded—identify a small set of non-negotiables (e.g., security statements must be vetted; benchmarks must be reproducible). Everything else is style, not a blocker.

Publish with a minimum of ceremony but maximum reliability. If your site breaks on mobile, the message never lands. If you embed media, ensure fallbacks. If you annotate with structured data, verify it. This sounds obvious until you audit a few dozen pages and find preventable failures.

Observe like an engineer: define a hypothesis before release (“We expect 40%+ of readers to expand the code sample and average time-on-page of 2:30”), then log events and read them. If the hypothesis fails, write a brief note and iterate. That humility builds more credibility than any slogan.

<h2>
 
 
 Signals That Help Machines and Humans Understand Your Page
</h2>

We don’t have to guess how parsers and browsers treat core elements—there’s public guidance. For example, the robots meta tag is precisely documented by <a href="https://developer.mozilla.org/en-US/docs/Web/HTML/Element/meta/name#robots" rel="noopener noreferrer">MDN Web Docs</a>. Misusing it can quietly hide your excellent work. Likewise, clear directives for crawlers are outlined in Google’s official documentation on <a href="https://developers.google.com/search/docs/crawling-indexing/robots-meta-tag" rel="noopener noreferrer">robots meta directives</a>. You don’t need to become a specialist to benefit: read the short sections relevant to your use case, pick defaults that match your intent (e.g., indexable article pages, non-index utility endpoints), and avoid contradictory signals.

Beyond directives, content earns trust through coherence:

<ul>
<li>
Titles that promise exactly what the body delivers. If the headline says “How We Cut p95 by 3×,” your method and measurement must be visible above the fold.</li>
<li>
Stable URLs. Breaking links is reputational debt. Treat slugs like API versions; change only with migration plans.</li>
<li>
Readable structure. Short paragraphs, code blocks that run, diagrams with alt text, and captions that say what the reader should notice.</li>
<li>
Transparent authorship. A byline with real identity and a sentence on why this person is qualified. Anonymous thought leadership rarely persuades engineers.</li>
</ul>

<h2>
 
 
 The Only Checklist You Actually Need
</h2>

Use this once per article. If you can’t check a box truthfully, fix the cause instead of gaming the symptom.

<ul>
<li>
One-sentence reader problem is clear (share with a skeptic; they should nod).</li>
<li>
Core claim is measurable (numbers, method, and where data lives).</li>
<li>
Page renders fast and clean (mobile first; images sized; no layout shift).</li>
<li>
Directives match intent (no accidental <code>noindex</code>; canonical is correct; no conflicting hints).</li>
<li>
Source links are authoritative (stand on primary docs or peer-reviewed material, not hearsay).</li>
<li>
Reproducibility where relevant (runnable code, version pins, or data snapshot).</li>
<li>
Post-publish hypothesis defined (what success looks like and what you’ll do if it doesn’t happen).</li>
</ul>

Keep this list visible to your team. It’s short on purpose; bloat turns checklists into theater.

<h2>
 
 
 Writing That Respects the Reader’s Time
</h2>

Engineers are allergic to hand-waving. To earn trust, write like you debug:

<ol>
<li>
State the claim. Put the outcome up front. Don’t make people dig.</li>
<li>
Show the path. Provide the minimal context to reproduce. If there are three plausible methods, say why you chose one.</li>
<li>
Expose trade-offs. Every decision has a downside—latency for compute, privacy for convenience, simplicity for flexibility. Calling that out makes the win believable.</li>
<li>
Acknowledge prior art. Name the people and projects you built upon. It’s generous and prevents reinventing the wheel.</li>
<li>
Invite falsification. Offer a way to challenge your result—dataset link, script, or a note on environments where your approach might fail.</li>
</ol>

This style doesn’t just “sound technical.” It protects your team when later decisions reference your document. You’ll thank yourself when a VP says, “Why did we pick this?” and you can point to a paragraph that still holds up.

<h2>
 
 
 Distribution Without the Guilt
</h2>

You don’t need tricks to reach the right readers—you need consistency and fit. Publish where developers already hang out (like Dev.to and your project’s repo), cross-post summaries to communities that value your topic, and keep the voice consistent. Avoid anchor spam and cartoonish calls to action. Invite contact for real reasons: bug reports, benchmarks on different hardware, adoption stories, or counterexamples.

When you link to resources, choose anchors that fit naturally into the sentence. The goal is to be helpful first. Over-optimized phrasing reads strangely to humans and invites the wrong kind of attention from machines. Think of links as citations, not bait.

<h2>
 
 
 Governance: Tiny Rituals That Prevent Big Headaches
</h2>

A lightweight content guild—two to four people who care—can review each draft for clarity, risk, and usefulness. Rotate the “final approver” so the process never bottlenecks. Archive decisions in a living doc: when a topic performed poorly, say so and explain what you learned; when an article exceeded expectations, annotate why (timing, community tie-in, or a strong demo). Over a quarter, this becomes an internal playbook your future teammates will treat as gold.

<h2>
 
 
 The Payoff
</h2>

When you adopt an engineering posture toward content, the benefits accumulate: fewer hotfixes after publish, fewer awkward retractions, more inbound from readers who actually implemented your work, and a library you can confidently resurface months later. Most importantly, you build an audience that trusts you—because your writing respects their time and intelligence.

Bottom line: publish less often, but make each piece unarguably useful. Measure outcomes, admit misses, and iterate in public. That honesty travels further than any tagline.

في عالم إنشاء المحتوى، تعتبر الوضوح والقابلية للتحقق مفتاحًا لكسب الثقة. يبرز هذا المقال أن الفرق التي تتعامل مع النشر كأحد تخصصات المنتج تميل إلى التفوق على تلك التي تعتمد على الحيل السريعة. من خلال الجمع بين الكتابة الجيدة والتوزيع القابل للقياس والتعاون مع شركاء متخصصين عند الحاجة، يمكن لقادة الهندسة إنشاء قناة موثوقة للاهتمام. لا تعزز هذه الطريقة جودة المحتوى فحسب، بل تضمن أيضًا فعاليتها في الوصول إلى الجمهور، مما يجعلها استراتيجية حاسمة للنجاح في المشهد الرقمي اليوم.

En el mundo de la creación de contenido, la claridad y la verificabilidad son clave para ganar confianza. Este artículo enfatiza que los equipos que tratan la publicación como una disciplina de producto tienden a superar a aquellos que dependen de trucos rápidos. Al combinar una escritura sólida con una distribución medible y colaborar con socios especializados cuando es beneficioso, los líderes de ingeniería pueden crear un canal de atención confiable. Este enfoque no solo mejora la calidad del contenido, sino que también asegura su efectividad para llegar a la audiencia, convirtiéndolo en una estrategia crucial para el éxito en el panorama digital actual.

Dans le monde de la création de contenu, la clarté et la vérifiabilité sont essentielles pour gagner la confiance. Cet article souligne que les équipes qui considèrent la publication comme une discipline de produit ont tendance à surpasser celles qui s'appuient sur des astuces rapides. En combinant une rédaction solide avec une distribution mesurable et en collaborant avec des partenaires spécialisés lorsque cela est bénéfique, les leaders en ingénierie peuvent créer un pipeline d'attention fiable. Cette approche améliore non seulement la qualité du contenu, mais garantit également son efficacité pour atteindre le public, ce qui en fait une stratégie cruciale pour réussir dans le paysage numérique d'aujourd'hui.

In the world of content creation, clarity and verifiability are key to earning trust. This article emphasizes that teams treating publishing as a product discipline tend to outperform those relying on quick hacks. By combining solid writing with measurable distribution and collaborating with specialist partners when beneficial, engineering leaders can create a reliable pipeline of attention. This approach not only enhances the quality of content but also ensures its effectiveness in reaching the audience, making it a crucial strategy for success in today's digital landscape.

Build Content Like an Engineer: Systems, Signals, and Checks That Earn Trust

If you've ever seen "TBA/TBA" as a passenger name in a flight booking, it's not a glitch—it's a feature. After booking a cheap group fare on Yatra.com, I discovered the hidden world of airline group bookings, and uncovered a real bug with same-name passengers.

In this post, we'll unpack:

<ul>
<li>How group fare booking systems work</li>
<li>Why "TBA" exists in airline PNRs</li>
<li>What developers building travel systems should know</li>
<li>
A critical bug I found: Same-name passengers causing seat swaps</li>
</ul>




<h2>
 
 
 ✈️ 1. What Are Group Fares?
</h2>

Group fares are special airline rates for 10+ passengers traveling together on the same flight and date.

Common use cases:

<ul>
<li>🏢 Corporate trips</li>
<li>💒 Weddings and family gatherings</li>
<li>🕌 Pilgrimage or religious tours</li>
<li>🏀 School or sports teams</li>
</ul>

Unlike individual bookings, group fares are:

<ul>
<li>
Negotiated directly with airlines or via GDS</li>
<li>More flexible with payment schedules</li>
<li>Allow placeholder names initially</li>
</ul>




<h2>
 
 
 2. Business Logic: The Group Booking Flow
</h2>

Here's how it works from an OTA or travel agent's perspective:

<div class="table-wrapper-paragraph"><table>
<thead>
<tr>
<th>Step</th>
<th>Process</th>
<th>Description</th>
</tr>
</thead>
<tbody>
<tr>
<td>1️⃣</td>
<td>Group Quote Request</td>
<td>Agency requests fare for route, date, and passenger count</td>
</tr>
<tr>
<td>2️⃣</td>
<td>PNR Creation (TBA stage)</td>
<td>Airline/GDS creates group PNR with placeholders like <code>TBA/TBA</code>
</td>
</tr>
<tr>
<td>3️⃣</td>
<td>Deposit &amp; Hold</td>
<td>Group pays deposit to hold seats</td>
</tr>
<tr>
<td>4️⃣</td>
<td>Name Finalization</td>
<td>12–72 hours before flight, replace "TBA" with real names</td>
</tr>
<tr>
<td>5️⃣</td>
<td>Ticketing</td>
<td>Once names finalized, tickets are issued</td>
</tr>
</tbody>
</table></div>




<h2>
 
 
 📋 3. What Does "TBA" Actually Mean?
</h2>

TBA = To Be Advised

When creating a group booking, actual passenger details may not be known yet.

Example in GDS (Amadeus/Sabre):

Each entry reserves a seat while allowing the agent to:

<ul>
<li>
Hold inventory without final names</li>
<li>
Track blocked seats in airline systems</li>
<li>
Display flight details before passenger confirmation</li>
</ul>

<h4>
 
 
 How GDS Systems Power This Magic
</h4>

Behind the scenes, OTAs don't talk directly to each airline. They use GDS (Global Distribution System) — think of it as the "API gateway" of the travel industry.

The Big Three:

<ul>
<li>
Amadeus (European dominance)</li>
<li>
Sabre (Strong in Americas)</li>
<li>
Travelport (Galileo/Worldspan/Apollo)</li>
</ul>




<h2>
 
 
 ⏰ 4. The 12-Hour Rule
</h2>

Most airlines require final passenger names no later than 12 hours before departure.

What happens at finalization:

<ul>
<li>✅ All "TBA" placeholders updated with real names</li>
<li>⚠️ Unnamed passengers may auto-cancel</li>
<li>🎫 Group PNR transitions to ticketed state</li>
</ul>

This is why Yatra/MMT show "flight details visible before 12 hours" — the system holds the group block, but names are pending.




<h2>
 
 
 5. System Architecture Flow
</h2>

Key technical points:

<ul>
<li>Placeholders stored in PNR until replaced</li>
<li>Airlines track via group booking IDs (not individual tickets)</li>
<li>Background jobs handle PNR sync and updates</li>
</ul>




<h2>
 
 
 💻 6. How OTAs Handle This (Developer View)
</h2>

For platforms like Yatra or MakeMyTrip: 


<div class="highlight js-code-highlight">
<pre class="highlight javascript"><code>// Simplified model
const groupBooking = {
 pnr: "ABC123",
 status: "TBA_PENDING",
 passengers: [
 { firstName: "TBA", lastName: "TBA", title: "MR" },
 { firstName: "TBA", lastName: "TBA", title: "MS" }
 ],
 finalizationDeadline: "2025-11-08T10:00:00Z",
 flightDetails: { visible: false } // visible after name update
};
</code></pre>

</div>



Backend requirements:

<ol>
<li>Handle placeholder data models</li>
<li>Schedule PNR refresh/update jobs</li>
<li>Implement deadline alerts</li>
<li>Validate against duplicate names (see bug below!)</li>
</ol>




<h2>
 
 
 7. CRITICAL BUG I DISCOVERED: Same-Name Collision
</h2>

<h3>
 
 
 The Problem
</h3>

When booking through Yatra's group fare system, I found:

If two passengers have the same name:

<ul>
<li>❌ During web check-in, the system will display both passengers names when the PNR and last name are entered together.</li>
<li>❌ Boarding passes get mixed up</li>
<li>❌ Airport staff can't distinguish passengers</li>
<li>❌ Potential security and check-in issues</li>
</ul>

<h3>
 
 
 Example Scenario
</h3>



<div class="highlight js-code-highlight">
<pre class="highlight javascript"><code>// Booking for two people with same name
passengers: [
 { firstName: "Amit", lastName: "Kumar", seat: "12A" },
 { firstName: "Amit", lastName: "Kumar", seat: "12B" }
]

// What happens in airline system:
// PNR shows: KUMAR/AMIT MR + KUMAR/AMIT MR
// Boarding pass generates wrong seat for one passenger
</code></pre>

</div>



<h3>
 
 
 Why This Happens
</h3>

<ol>
<li>
GDS Name Formatting: Airlines use <code>PNR and LASTNAME</code> combination</li>
<li>
Duplicate Detection: System may treat as duplicate entry</li>
<li>
Seat Assignment Logic: Uses last name as primary key</li>
<li>
Group PNR Merge: Multiple "AMIT KUMAR" entries cause confusion</li>
</ol>

Recommended fixes for OTAs:

<ul>
<li>🔍 Pre-booking validation for duplicate last names</li>
<li>📝 Force middle name or mobile number for duplicates</li>
</ul>




<h2>
 
 
 🔮 8. Future: NDC and Modern APIs
</h2>

IATA's NDC (New Distribution Capability) is modernizing group fares:

<ul>
<li>⚡ Real-time quotes and seat holds</li>
<li>🔄 Easier passenger data updates via REST APIs</li>
<li>📉 Reduced reliance on "TBA" placeholders</li>
<li>🤝 Direct airline-to-OTA connections</li>
</ul>

Though many airlines still support TBA for backward compatibility.




<h2>
 
 
 9. Key Takeaways
</h2>

<div class="table-wrapper-paragraph"><table>
<thead>
<tr>
<th>Point</th>
<th>Reality Check</th>
</tr>
</thead>
<tbody>
<tr>
<td>✅ "TBA" is a feature, not a bug
</td>
<td>Intentional placeholder system for group inventory management</td>
</tr>
<tr>
<td>⏰ The 12-hour rule has a twist
</td>
<td>Names often start reflecting from midnight (not exactly 12 hours), which can frustrate travelers expecting earlier updates</td>
</tr>
<tr>
<td>💰 How OTAs really make money
</td>
<td>Indian OTAs like Yatra/MMT book group fares and mark them up—this is on top of convenience charges. That "cheap fare" might just be a group booking arbitrage</td>
</tr>
<tr>
<td>🚨 Same-name = system chaos
</td>
<td>Multiple passengers with identical last names create PNR conflicts, seat swaps, and boarding issues</td>
</tr>
<tr>
<td>🎭 The agent model
</td>
<td>OTAs aren't always direct airline partners—many operate as super-agents booking group blocks and reselling individually</td>
</tr>
</tbody>
</table></div>




<h2>
 
 
 💬 Discussion
</h2>

For developers building travel systems:

<ol>
<li>How does your system handle group booking placeholders?</li>
<li>Ever encountered the same-name bug I found?</li>
</ol>

Drop your experiences in the comments! 👇




<h2>
 
 
 🔗 Useful Resources
</h2>

<ul>
<li><a href="https://www.iata.org/en/programs/airline-distribution/retailing/ndc/" rel="noopener noreferrer">IATA NDC Program</a></li>
<li><a href="https://developers.amadeus.com/" rel="noopener noreferrer">Amadeus API Documentation</a></li>
<li><a href="https://developer.sabre.com/" rel="noopener noreferrer">Sabre Dev Studio</a></li>
</ul>




This post is based on real-world experience booking through Yatra.com. If you found this helpful, consider sharing it with your travel-tech friends! ✈️




Tags: #traveltech #backend #systemdesign #api #devstory

يتناول المقال عالم حجوزات المجموعات في شركات الطيران، مع التركيز بشكل خاص على التسمية 'TBA/TBA' التي تظهر في حجوزات الرحلات. هذه ليست خللًا، بل ميزة مقصودة تنشأ من تعقيدات حجز أسعار المجموعات. يشارك الكاتب تجارب شخصية من تجربة حديثة مع Yatra.com، موضحًا كيفية عمل هذه الأنظمة للحجز وتأثيراتها على المطورين في صناعة السفر. يمكن أن يساعد فهم ذلك كل من المسافرين والمهنيين في التكنولوجيا على التنقل بشكل أكثر فعالية في تفاصيل السفر الجماعي.

El artículo se adentra en el intrigante mundo de las reservas de grupo de aerolíneas, centrándose específicamente en la designación 'TBA/TBA' que se ve en las reservas de vuelos. Esto no es un error, sino una característica deliberada que surge de las complejidades de reservar tarifas grupales. El autor comparte experiencias personales de una reciente experiencia con Yatra.com, arrojando luz sobre cómo funcionan estos sistemas de reserva y las implicaciones para los desarrolladores en la industria de viajes. Comprender esto puede ayudar tanto a los viajeros como a los profesionales de la tecnología a navegar más eficazmente por las sutilezas de los viajes en grupo.

L'article explore le monde fascinant des réservations de groupe dans les compagnies aériennes, en se concentrant spécifiquement sur la désignation 'TBA/TBA' que l'on voit dans les réservations de vol. Ce n'est pas un bug, mais une fonctionnalité délibérée qui découle des complexités de la réservation de tarifs de groupe. L'auteur partage des expériences personnelles d'une récente expérience avec Yatra.com, éclairant le fonctionnement de ces systèmes de réservation et les implications pour les développeurs de l'industrie du voyage. Comprendre cela peut aider à la fois les voyageurs et les professionnels de la technologie à naviguer plus efficacement dans les nuances des voyages en groupe.

The article delves into the intriguing world of airline group bookings, specifically focusing on the 'TBA/TBA' designation seen in flight reservations. This isn't a glitch but a deliberate feature that arises from the complexities of booking group fares. The author shares personal insights from a recent experience with Yatra.com, shedding light on how these booking systems function and the implications for developers in the travel industry. Understanding this can help both travelers and tech professionals navigate the nuances of group travel more effectively.

How Airline Group Fares Really Work: The Business & Tech Behind 'TBA' Passenger Names

<a href="https://www.techspot.com/news/110174-nearly-2026-most-people-use-123456-password.html" target="_blank"><img src="https://www.techspot.com/images2/news/ts3_thumbs/2025/11/2025-11-07-ts3_thumbs-819.jpg" width="800" height="560" style="padding: 15px 0" title="It's nearly 2026 and most people still use '123456' as a password" /></a> The latest shame-inducing most-common-passwords report comes from tech research and review site Comparitech. Using information leaked on data breach forums in 2025, its researchers aggregated more than 2 billion real account passwords, creating a list of the 100 most-used. <a href="https://www.techspot.com/news/110174-nearly-2026-most-people-use-123456-password.html">Read Entire Article</a>

مع اقتراب عام 2026، يكشف تقرير جديد من Comparitech أن العديد من الأشخاص لا يزالون يعتمدون على كلمات مرور ضعيفة مثل '123456'. هذا أمر مقلق لأنه يسلط الضوء على مشكلة مستمرة في الأمن السيبراني، حيث يفشل الأفراد في اعتماد ممارسات كلمات مرور أقوى على الرغم من التحذيرات المستمرة بشأن خروقات البيانات. إن الاستخدام المستمر لكلمات مرور يسهل تخمينها يعرض المعلومات الشخصية والحساسة للخطر، مما يجعل من الضروري للمستخدمين إعطاء الأولوية لتدابير أمان أفضل.

A medida que nos acercamos a 2026, un nuevo informe de Comparitech revela que muchas personas todavía dependen de contraseñas débiles como '123456'. Esto es preocupante porque resalta un problema persistente en la ciberseguridad, donde los individuos no adoptan prácticas de contraseñas más fuertes a pesar de las advertencias sobre las violaciones de datos. El uso continuo de contraseñas tan fáciles de adivinar pone en riesgo la información personal y sensible, lo que hace crucial que los usuarios prioricen mejores medidas de seguridad.

À l'approche de 2026, un nouveau rapport de Comparitech révèle que de nombreuses personnes continuent de s'appuyer sur des mots de passe faibles comme '123456'. Cela est préoccupant car cela met en lumière un problème persistant en matière de cybersécurité, où les individus ne parviennent pas à adopter des pratiques de mots de passe plus solides malgré les avertissements continus concernant les violations de données. L'utilisation continue de mots de passe aussi facilement devinables met en danger les informations personnelles et sensibles, rendant crucial pour les utilisateurs de donner la priorité à de meilleures mesures de sécurité.

As we approach 2026, a new report from Comparitech reveals that many people still rely on weak passwords like '123456'. This is concerning because it highlights a persistent issue in cybersecurity, where individuals fail to adopt stronger password practices despite ongoing warnings about data breaches. The continued use of such easily guessable passwords puts personal and sensitive information at risk, making it crucial for users to prioritize better security measures.

It's nearly 2026 and most people still use '123456' as a password

This new award recognises an individual who went above and beyond throughout their career, leaving a lasting impact on the industry.  
The post <a href="https://www.thetradenews.com/tony-shaw-wins-the-trades-inaugural-legacy-award-at-leaders-in-trading-2025/">Tony Shaw wins The TRADE’s inaugural Legacy Award at Leaders in Trading 2025</a> appeared first on <a href="https://www.thetradenews.com">The TRADE</a>.

تم تكريم توني شو بجائزة Legacy Award الأولى من The TRADE في حدث Leaders in Trading 2025، تقديراً لمساهماته الاستثنائية في الصناعة. تبرز هذه الجائزة الأفراد الذين تركوا أثراً كبيراً طوال مسيرتهم المهنية، وتسلط الضوء على أهمية القيادة والابتكار في مجال التداول. تعتبر إنجازات شو مصدر إلهام للآخرين في هذا المجال، مما يظهر قيمة الالتزام والتميز.

Tony Shaw ha sido galardonado con el primer Legacy Award de The TRADE en el evento Leaders in Trading 2025, reconociendo sus contribuciones excepcionales a la industria. Este premio destaca a individuos que han tenido un impacto significativo a lo largo de sus carreras, y el reconocimiento de Shaw subraya la importancia del liderazgo y la innovación en el trading. Sus logros sirven de inspiración para otros en el campo, mostrando el valor de la dedicación y la excelencia.

Tony Shaw a été honoré par le tout premier Legacy Award de The TRADE lors de l'événement Leaders in Trading 2025, reconnaissant ses contributions exceptionnelles à l'industrie. Ce prix met en avant les individus ayant eu un impact significatif tout au long de leur carrière, et la reconnaissance de Shaw souligne l'importance du leadership et de l'innovation dans le trading. Ses réalisations servent d'inspiration pour d'autres dans le domaine, mettant en lumière la valeur de la dévotion et de l'excellence.

Tony Shaw has been honored with The TRADE’s inaugural Legacy Award at the Leaders in Trading 2025 event, recognizing his exceptional contributions to the industry. This award highlights individuals who have made a significant impact throughout their careers, and Shaw's recognition underscores the importance of leadership and innovation in trading. His achievements serve as an inspiration for others in the field, showcasing the value of dedication and excellence.

Tony Shaw wins The TRADE’s inaugural Legacy Award at Leaders in Trading 2025

The award is in recognition of continued significant contribution and longstanding service to the industry. 
The post <a href="https://www.thetradenews.com/louis-de-kock-accepts-lifetime-achievement-award-at-leaders-in-trading-2025/">Louis de Kock accepts Lifetime Achievement Award at Leaders in Trading 2025</a> appeared first on <a href="https://www.thetradenews.com">The TRADE</a>.

تم تكريم لويس دي كوك بجائزة الإنجاز مدى الحياة في حدث Leaders in Trading 2025، تقديراً لمساهماته الكبيرة وخدمته الطويلة في الصناعة. لا تحتفل هذه الجائزة بإنجازاته الشخصية فحسب، بل تسلط الضوء أيضاً على أهمية الالتزام والتميز في قطاع التداول، مما يلهم الآخرين للسعي لتحقيق اعتراف مماثل.

Louis de Kock ha sido galardonado con un Premio a la Trayectoria en el evento Leaders in Trading 2025, en reconocimiento a sus contribuciones significativas y su dedicación a la industria. Este premio no solo celebra sus logros personales, sino que también resalta la importancia del compromiso y la excelencia en el sector del trading, inspirando a otros a aspirar a un reconocimiento similar.

Louis de Kock a été honoré par un prix d'honneur pour l'ensemble de sa carrière lors de l'événement Leaders in Trading 2025, en reconnaissance de ses contributions significatives et de son service dévoué à l'industrie. Cette distinction célèbre non seulement ses réalisations personnelles, mais souligne également l'importance de l'engagement et de l'excellence dans le secteur du trading, inspirant ainsi d'autres à viser une reconnaissance similaire.

Louis de Kock has been honored with a Lifetime Achievement Award at the Leaders in Trading 2025 event, recognizing his significant contributions and dedicated service to the industry. This accolade not only celebrates his personal achievements but also highlights the importance of commitment and excellence in the trading sector, inspiring others to strive for similar recognition.

Louis de Kock accepts Lifetime Achievement Award at Leaders in Trading 2025

Full gallery from The TRADE's Leaders in Trading 2025 awards from 6 November at The Savoy, London.
The post <a href="https://www.thetradenews.com/leaders-in-trading-2025-gallery/">Leaders in Trading 2025 Gallery</a> appeared first on <a href="https://www.thetradenews.com">The TRADE</a>.

أقيمت جوائز Leaders in Trading 2025 من The TRADE في 6 نوفمبر في The Savoy بلندن، احتفالاً بالتميز في صناعة التداول. يسلط هذا الحدث الضوء على إنجازات اللاعبين الرئيسيين والابتكارات التي تشكل مستقبل التداول، مما يجعله مناسبة مهمة للمهنيين في هذا المجال.

Los premios Leaders in Trading 2025 de The TRADE se llevaron a cabo el 6 de noviembre en The Savoy en Londres, celebrando la excelencia en la industria del trading. Este evento destaca los logros de los actores clave y las innovaciones que están dando forma al futuro del trading, convirtiéndolo en una ocasión significativa para los profesionales del sector.

Les prix Leaders in Trading 2025 de The TRADE ont eu lieu le 6 novembre au Savoy à Londres, célébrant l'excellence dans l'industrie du trading. Cet événement met en avant les réalisations des acteurs clés et les innovations qui façonnent l'avenir du trading, ce qui en fait une occasion importante pour les professionnels du secteur.

The TRADE's Leaders in Trading 2025 awards took place on November 6 at The Savoy in London, celebrating excellence in the trading industry. This event highlights the achievements of key players and innovations that are shaping the future of trading, making it a significant occasion for professionals in the field.

UBS AM’s Stuart Lawrence takes home the Industry Person of the Year Award 2025

UBS AM’s Stuart Lawrence takes home the Industry Person of the Year Award 2025

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