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LSEG–MayStreet: When good partnerships go bad

Waters Wrap: MayStreet’s founder and former CEO is suing LSEG for fraud and breach of contract. Anthony considers what the damage control might look like.

Peter Paul Rubens
Credit: Peter Paul Rubens

In 2022, after London Stock Exchange Group (LSEG) made yet another significant acquisition—this time, adding market data provider MayStreet to its rapidly expanding universe—WatersTechnology spoke to about two dozen people to get a feel for how the industry viewed the deal.

Two stories (here and here) and 3,500 words later, I think we captured industry sentiment accurately. Most viewed it as a good deal, even if the undisclosed price tag was rumored to be substantial. MayStreet was a vital

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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.

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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