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Parmenter Leaves Proquote

A London Stock Exchange spokesperson confirms that Alan Parmenter has left Proquote, where he was head of sales. Parmenter's plans could not be confirmed.

HKEx Appoints Chan

Bryan Chan

has taken over as head of information services at Hong Kong Exchanges and Clearing, replacing Roger Lee, who has been named head of cash market. A spokesperson says the changes, which became effective last Monday, August 1, are part of a succession plan. Chan, who now reports to COO Patrick

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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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