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Kessler, Biltoo, Wachovia

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Kessler Joins Veronis Suhler Stevenson

Veronis Suhler Stevenson

, a New York-based media merchant bank, has hired Michael Kessler as managing director, overseeing its business information services. Kessler previously helped direct CIBC World Markets’ business services and enterprise software units. The appointment is part of an effort to expand the business information services unit.

Biltoo Leaves CreditTrade

Krishna Biltoo

has left CreditTrade, officials at the broker and data vendor confirmed last

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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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