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041706

HUMAN FACTORS

EX-NQLX HEAD JOINS FCM

A former executive at single-stock futures market Nasdaq Liffe Markets (NQLX), Bob Fitzsimmons is the new CEO for Chicago-based RedSky Financial, a broker-dealer and futures commission merchant (FCM) that specializes in multi-asset class trading. Fitzsimmons will be charged with developing and implementing RedSky's strategic and financial planning. He has previously served as president, chief operating officer (COO) and CEO of NQLX. In August 2001, he took over as acting

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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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