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From the CIO seat: What it takes to build a super-connector bank

Markets are now more interconnected than ever, exacerbating some challenges. To help, there are three things firms should focus on, writes Gareth Hughes of Standard Chartered.

bridging gap
Credit: wildpixel

Markets have never been more interconnected, continuously traded, or operationally complex. According to the Bank for International Settlements, daily global FX trading reached $9.6 trillion in 2025, reflecting the scale of cross-border capital and risk flows moving through the global financial system. At the same time, fragmentation across FX and market infrastructures is increasingly visible.

In Asia alone, jurisdictions operate under very different currency and market frameworks. India

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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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