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Jock Ferguson has left his position as managing director of Multex Systems in London. He will be replaced by Brook Gibbons who will report directly to Multex president Isaak Karaev. James Pendley has been appointed to the positions of chief operating officer and chief financial officer in London. It is not clear where Ferguson has moved to.

Larry Joyce has been appointed director of a newly-formed Internet sales group at Dow Jones Newswires. The group will focus on extending the Dow Jones real

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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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