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People Moves: LSEG, BNY Mellon, Matthew Nelson, Jennifer Grancio and LiquidityBook

A look at some of the key 'people moves' from last week, including Arne Staal's move to LSEG and BNY Mellon's new global FX COO, Paresh Shah.

Arne Staal, LSEG

New Role Created for Arne Staal at LSEG

London Stock Exchange Group has appointed Arne Staal (pictured) as its head of research and product management, information services. The newly-created role will see Staal head up the Information Services Division where he will be responsible for product strategy and product development.

Staal’s previous role as global head of macro systematic strategies and macro risk at Aberdeen Standard Investments means that he brings a rich knowledge of analytics

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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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