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Vincent van Gogh

Waters Wrap: Cloud, AI, Interop: The evolutions driving fixed-income progress

Anthony believes these advancements will provide the opening for Big Tech firms to created outsized influence that will change financial technology forever.

Being that next Monday is Labor Day in the US, and yesterday was a bank holiday in England, we’re going to keep this Tuesday column trend going a bit longer. (A “bank” holiday…as though the banks have bequeathed a day off to their lowly servants…in THIS country, we give our holidays proper names—like Labor Day, damnit!)

Anyway, let’s get to it.

Emerging tech, interoperability & fixed income

I recently wrote about how the fixed-income industry needs more projects that are built around

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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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