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HUMAN FACTORS

RILEY NAMED COO OF TRANSACTPLUS

Transactplus has named Michael Riley chief operating officer. Riley will continue in his position as managing director of JP Morgan Chase’s Labmorgan. Prior to his position as managing director, Riley was chief technology officer for JP Morgan, responsible for the creation, development and deployment of JP Morgan’s original Global Transaction Router, which serves as the basis for Transactplus’ TDN technology.

MERRILL’S KEY RELOCATES; STEFFENS STEPS DOWN

John Key

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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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