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Smartstream launches agentic solution, SEC greenlights 23/5 trading for Cboe, and more

The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.

abstract cloud
Credit: Sole D'Alessandro G.

Did you know that an average cloud weighs around a million tons? Doesn’t that seem crazy? Well, that’s a fun fact for you—go tell the kids. 

Announced this week

CME launches 24/7 cryptocurrency futures and options

CME Group has launched 24/7 trading for cryptocurrency futures and options. The expanded trading hours went live on Friday, May 29. Over its inaugural weekend, more than 7,200 cryptocurrency futures and options contracts were traded, with about $50 million in notional. 

The exchange said

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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.

MCP is dead, long live MCP

The Waters Wrap: Reb dives into the trenches of the online developer community to see whether its reputation as the great enabler of the AI age is justified.

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