204 points TheWiggles 1 hour ago 127 comments
MallocVoidstar 1 hour ago | parent
anon7725 1 hour ago | parent
CharlieDigital 1 hour ago | parent
> A trading floor is a bad place for unreviewed code written by people who can't read it, and the information barrier problem would be reason enough on its own. Requiring that agent-written code come from people trained to review it is a sensible rule for a regulated business.
Jokes on them: devs are also losing the capacity to read the code. Can't mix move fast, high volume with "read code".Agentic engineering needs to be "all in".
Ericson2314 1 hour ago | parent
If the issue is security, a much more interesting problem for the engineering team to do is design the programming environment for the bankers so they cannot hurt themselves.
If the issue a performance, designing great abstractions that the bankers' agents can use is "low code done right".
I hope the bankers rebel hard against this policy change!
CBLT 1 hour ago | parent
catchnear4321 57 minutes ago | parent
Ericson2314 53 minutes ago | parent
bagacrap 54 minutes ago | parent
Sounds like the web platform.
neya 53 minutes ago | parent
Ericson2314 49 minutes ago | parent
Only select high privilege code, where we don't know how to make it "secure by construction", should depend on full audits.
The right use-case here is "custom homegrown Bloomberg Terminal add-ons", not autonomous trading software that can see everything and also isn't routed through trading risk software.
bee_rider 52 minutes ago | parent
I dunno if rebellion is the right framing. Maybe pulling the organization toward their side instead. Ultimate the “bankers” at an investment company decide where the company is going, after all. Grabbing your own steering wheel isn’t rebellion.
theptip 44 minutes ago | parent
Or just the Claude app with local execution disabled by org policy, if that’s a thing.
SpicyLemonZest 24 minutes ago | parent
steveBK123 35 minutes ago | parent
There are things simple building blocks don't prevent in the event of nefarious or stupid behavior.
Imagine a nefarious banker creates an app that lets him talk to a trader on the other side of the "Chinese wall" about M&A deal flow without getting caught because they are avoiding monitored channels like email, slack, phone, zoom.
Imagine an idiot writes an app that scans his email and summarizes client information he is privy to and writes it to some database that his app then serves up to others on the trading desk. He is unaware that entitlements exist, and by giving others access to his new app he has broken them. Btw summarizing email is a HUGE use case across non-technical users in finance that they are very excited about.
motionlessveloc 30 minutes ago | parent
Back channel conversations have been happening since forever and hardly need vibe coded apps to pull off. They can use non-corp services on personal devices, or kick it old school and grab drinks at the bar downstairs.
steveBK123 24 minutes ago | parent
If a trader uses their personal cell / WhatsApp / etc in today's age, all the liability falls on that trader.
If organize drinks with a coworker adhoc and communicate things they shouldn't.. the same.
However, if a trader on their work PC, on the work network, in the office can communicate in electronic form on an unsecured, unmonitored channel.. the bank is paying a very large fine. This is like leaving gmail unblocked on work computer/network.
Likewise if the bank itself organizes a monthly drinks between 2 departments on different side of the Chinese wall, offsite and things get communicated that shouldn't .. its obviously somewhat intentional by the bank and they will get fined.
risyachka 34 minutes ago | parent
All this is just counter productive and drowns everyone is slop.
thisisit 26 minutes ago | parent
> If the issue is security, a much more interesting problem for the engineering team to do is design the programming environment for the bankers so they cannot hurt themselves.
Interesting take but it doesn't compute. When engineering team teams design programming environments so that people can't hurt themselves they will be locked into a "take it or leave it" set of environments.
Also, you do know security isn't just about engineering, it is also about data right?
How do you suppose it works when bankers who have day to day access to sensitive data as part of their job - upload it to AI? What to do then? Restrict data access?
> rather than a fixed set of discreet programs "take it or leave it".
This part always amuses me. AI boosters seem to think everyone hosting their own bespoke app is the next big thing. But who manages that? Banks are not tech giants. Most engineering teams don't bring in money and headcounts are strictly managed. As the article says:
> "He told Bloomberg that traders and bankers had built tools with AI and passed them to the firm's engineers, of whom there are about 12,000, to be improved."
So, how does engineering with limited staff design a safe environment and improve 12k apps. I am sure Goldman's management wont be thrilled about increasing engineering headcount to match these expectations.
croes 25 minutes ago | parent
amelius 1 hour ago | parent
Just fyi.
steveBK123 57 minutes ago | parent
sourdecor 55 minutes ago | parent
xnickb 45 minutes ago | parent
octo888 49 minutes ago | parent
The UK is very good at banking.
throwaway2037 31 minutes ago | parent
To be fair, UK's #1 talent and economic advantage for global commerce in 2026 is their contract law and the courts that judicate it. It is unmatched globally. Sure, New York, Paris, Tokyo, Hongkong, and Singapore are pretty big, but nothing competes with London for international contract law. The ecosystem is just so massive and concentrated in London -- courts, highly experienced judges/barristers (lawyers)/academics.
jbs789 48 minutes ago | parent
schrodinger 44 minutes ago | parent
piker 36 minutes ago | parent
cloudednine 1 hour ago | parent
As someone who has been on the receiving end of many of these tools, I feel 'improved' is doing some heavy lifting here.
Completely overhauled to be operationally viable, perhaps.
Thrown into the dark recesses of the backlog, more likely.
bagacrap 52 minutes ago | parent
ctkhn 49 minutes ago | parent
ttul 36 minutes ago | parent
aurareturn 1 hour ago | parent
Internal guidance updated in October restricts Anthropic's Claude Code and Microsoft's GitHub to the bank's engineers
There. Now only devs can use Claude Code. That makes sense.Has nothing to do with AI being bad. Good engineers have a mind for it. They tend to be more detailed oriented. Understands how parts connect. Understands the pros and cons of approaches. Can see when the AI does something stupid. Probably knows a better way if the AI veers off.
We don’t ask software engineers to file Goldman Sachs yearly company taxes using just AI right without any expertise right?
We don’t ask engineers to go out and do cold calls for sales right? Engineers don’t have the mind for that. They’d suck at it.
We don’t ask sales people to write programs right? Have you met a sales person? They’re the opposite of builders. They lie, take corners to close a deal. You can’t do that building a real production system.
kraken_cult 1 hour ago | parent
CharlesW 54 minutes ago | parent
verdverm 50 minutes ago | parent
Forgeties79 48 minutes ago | parent
I never like these kinds of statements because it makes so AI can’t ever be critiqued. You can always go “well that’s a bad engineer.”
GolfPopper 40 minutes ago | parent
1.https://www.the-independent.com/tech/chatgpt-ai-cancer-cure-...
timcobb 34 minutes ago | parent
This hardly makes sense to me. Claude Code is an excellent tool for running your environment and augmenting your productivity. Most traders are sharp folks who could use CC to great effect I am sure. I'd be super annoyed.
hn_go_brrrrr 1 hour ago | parent
Scubabear68 49 minutes ago | parent
The details are very different, but variations on this theme have played out for a long time. I have seen fixed income instrument modeling systems 20 years ago that allowed Traders to put in limited C++ code to define new exotic instruments.
At least that stuff had guardrails around it.
dgan 44 minutes ago | parent
evantbyrne 21 minutes ago | parent
baalimago 56 minutes ago | parent
claysmithr 51 minutes ago | parent
baalimago 47 minutes ago | parent
claysmithr 32 minutes ago | parent
doctoboggan 50 minutes ago | parent
rkuodys 48 minutes ago | parent
rckoepke 33 minutes ago | parent
Also AIUI both claude[0] and chatgpt[1] offer HIPAA compliant BAA’s.
0: https://support.claude.com/en/articles/13296973-hipaa-ready-...
rkuodys 6 minutes ago | parent
thatfrenchguy 24 minutes ago | parent
timcobb 37 minutes ago | parent
caymanjim 30 minutes ago | parent
I work in healthcare-adjacent tech. You can use Claude with HIPAA/PHI. You need to sign a BAA (Business Associate Agreement). It dictates how Anthropic may use and how they must safeguard the PHI (Private Health Information), including not training on it.
I assure you that Claude and other LLMs are used extensively in healthcare, with PHI access, just about everywhere.
Don't be naive. Don't be alarmist.
If anything, LLM use under these conditions is far more safe than the way most people use LLMs. Engineers who aren't under any regulatory regime like HIPAA are using LLMs without the BAA safeguards, exposing personal data directly to the insecure, shared models, which are now training on all the personal data that's being fed into them. People think their communication with LLMs is private and isolated, but without the BAAs in use by companies under compliance regimes, it's not isolated.
afavour 17 minutes ago | parent
To me it’s the phrasing “I got her using Claude code”. Maybe that means “I helped her set up access through her employer approved AI account” but it’s not exactly that common for such access to be set up by your husband. It just as plausibly means “she’s using the same personal account she’s using for the family tasks I also mentioned”. I don’t see that concern as naive so much as in tune with the way people frequently use tech.
jameson 22 minutes ago | parent
Is this typical behavior with LLMs not just Claude, but you can discourage from doing so by explicitly stating not to use tool or only use knowledge either in the system prompt or user prompt.
LLMs are trained to use tool if they can't solve a problem rather than guessing/hallucinating.
A dumb example is asking to count. As the range grow it'll attempt to write a script or use commands like seq to generate the numbers.
arcanemachiner 15 minutes ago | parent
If it's some other corpo-acronym, I would hope you would define the term before unleashing it on us normies.
steveBK123 50 minutes ago | parent
Banks have a ton of legal/compliance/reglatory/reputational concerns about application access/entitleements, data privacy, data licensing, granular data entitlements, data access (auditable).. approval chains (auditable), as well as actual financial risk.
HolyLampshade 30 minutes ago | parent
I’ve seen the same happen with insane spreadsheets.
As empowering as something like Claude code can be, leaving development to developers means the output is inherently supported by the organization long term.
HolyLampshade 24 minutes ago | parent
By wholly depending on the assisted coding you are wholly dependent on Anthropic, forever, for something that is now critical.
There are probably thousands of these little microscopic dependencies that occur when you make these tools widely available. What happens when you don’t want to foot the bill anymore?
phantompeace 9 minutes ago | parent
adolph 26 minutes ago | parent
User scripts that turn into applications that need production support are often consequential and business-differentiating since they do the things that can't be bought off the shelf and effectively encode tacit knowledge.
jmathai 15 minutes ago | parent
It was the right choice. But many of the rough edges of the terminal do surface and confuse non technical people.
clickety_clack 44 minutes ago | parent
cactca 37 minutes ago | parent
hackernewds 35 minutes ago | parent
pdpi 32 minutes ago | parent
lukan 28 minutes ago | parent
epistasis 27 minutes ago | parent
DrudgeCorporate 24 minutes ago | parent
markerz 14 minutes ago | parent
Also what’s your point? Goldman Sachs shouldn’t pull Claude Code because there’s no point in trying in this world and we should all give up on everything?
aljgz 19 minutes ago | parent
Source: I've worked in and with many successful organizations, and worked at one place with proper internal processes, so I know what's possible
rglover 31 minutes ago | parent
jayd16 21 minutes ago | parent
badgersnake 18 minutes ago | parent
yipinwong 15 minutes ago | parent
nickandbro 35 minutes ago | parent
legitster 33 minutes ago | parent
Gemini is swooping in because they offer flat consistent billing and handle overages through throttling access to higher models. For 90% of the non-engineering org the experience is near enough it makes no difference.
ipdashc 29 minutes ago | parent
I don't get how this is such a common issue. Are companies paying API rates for devs? The $20/mo plan pretty much works fine for most people at my company
brd529 24 minutes ago | parent
ctxc 24 minutes ago | parent
80fj0348i 24 minutes ago | parent
daveoc64 23 minutes ago | parent
Anything above that requires an Enterprise plan, which is billed at API rates.
paulddraper 21 minutes ago | parent
That is usage based and therefore expensive.
Putting everyone in their own plan is economical, if you can give those things up.
remus 18 minutes ago | parent
dcre 4 minutes ago | parent
cvadict 3 minutes ago | parent
Is just the first hit your dealer gives away for free. Treating that as the actual baseline cost for what they need in order to justify current AI valuations requires some truly fraudulent mathematics. Hell, even the current API rates are unsustainable -as-long-as- they need to keep investing into training the next model they will be serving 6 months from now.
The plan has always been to develop these models using borrowed money, get everyone's business process addicted to them, moat off access to alternatives (e.g. chinese / foreign open-weight models), via technical superiority -or- more likely regulatory shenanigans, THEN jack the prices up through the roof starting with direct enterprise customers buying API access but then obviously bubbling down into literally every product / service every human being on this planet purchases. Unfortunately, it's a garbage plan based on a multi-ton house of cards that is about to collapse on everyone.
cr125rider 28 minutes ago | parent
cco 29 minutes ago | parent
Claude Code is a poor fit for non-engineers, it carries a lot of features, vernacular, and patterns that don't make sense to people that don't code.
So I don't think this means much? All of the coding functionality a non-engineer could want is still available, just no need to switch to a different tab in the Claude app (or even worse the terminal).
sky2224 16 minutes ago | parent
I'm guessing that + probably the absence of any deployment infrastructure for the finance people to be forced to use made Goldman Sachs' eyes widen and pull the plug immediately before something blows up (if it hasn't already internally).
I also wonder if a lack of diligence with Claude Code (or any LLM tool for that matter) resulted in private information getting leaked, and that feedback is just now getting back to them.
In terms of the big picture of the industry and the AI bubble though, yeah this isn't too big of a deal.
armanckeser 28 minutes ago | parent
throwaway2037 27 minutes ago | parent
ForgotMyUUID 25 minutes ago | parent
bilekas 25 minutes ago | parent
If you need to ask, maybe you shouldn't hand it over to non tech, high risk individuals just yet.
123a-ahhg 22 minutes ago | parent
Apparently they finally got the memo that leaking corporate secrets for at least traders and bankers is unwise.
microflash 20 minutes ago | parent
Wherever I've seen a pull back, it is all because of compliance or security. And that too not because of the purity of heart; but because some checkbox couldn't be ticked due to AI.
anonymous908213 5 minutes ago | parent
kittikitti 19 minutes ago | parent
eqmvii 16 minutes ago | parent
shevy-java 15 minutes ago | parent
AI skynet has not yet won.
ChrisArchitect 5 minutes ago | parent
fancyfredbot 3 minutes ago | parent
1) Claude Code is only being taken away from traders.
2) Only traders have permission to send orders to the market and book client trades.
3) Claude code would have been running as the trader, under their account with minimal review.
If you run a coding agent in that environment it's only a matter of time until it enters a bad order or books a bad trade, and once that happens it's only a matter of time before management decides to take this kind of action.