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UNX, Newedge, CBOE

UNX MINTS NEW CEO

Trading technology platform provider UNX has appointed Thomas Kim CEO. Kim will oversee the enhancement of UNX electronic trading products and services through funding recently secured from Goldman Sachs and Vernon & Park Capital, along with some of UNX's current investors, say officials. Kim is a veteran in the electronic trading business, most recently serving as a managing director at Lehman Brothers and head of the Townsend Analytics trading services business. Previous to

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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.

The enshittification of AI

The Waters Wrap: AI may look good to its developers, but there are a few problems lurking below the surface that might cause problems. Max Bowie explains.

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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