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Russell Vet Forms Index-ETF Startup

Global Index Group is led by founder and chief executive Kelly Haughton, creator and former strategic director of the Russell Indexes business. Haughton also recently hired Paul Starkey, former managing director of index calculation software vendor Indxis (formerly known as Kinetic Information System Services) and previously managing director of strategy at Mergent, as a consultant to help bring the company to market.

The vendor is currently negotiating with a range of partners to set up the ETF

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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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