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MarketAxess and DirectBooks partner, MSCI debuts AI connectors, and more

The Waters Cooler: Canton’s consortium advances cross-border collateral mobility, TRG Screen launches a market data ROI calculator, and Trading Technologies provides direct connectivity to India in this week’s news roundup.

color hues of eroded stone, antelope canyon

A fun fact I’d like to share with our non-UK readers is that before last week, it had rained every single day of 2026. We’ve had a few odd days of miraculous sunshine, but we woke up today to gray, gloomy skies, meaning it appears we’ve returned to business as usual. 

Announced this week

MarketAxess and DirectBooks announce integration for primary issuance data

Electronic fixed-income securities trading platform MarketAxess and DirectBooks, a primary markets communications platform, announced an

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AI won’t stay in its risk category

For the first time, JP Morgan filed a form 10-K listing AI as a standalone risk factor—a sign of how banks are rethinking previously defined risk categories and their overall risk profile.

‘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.

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