The recent upheaval within the EJV Partners L.P. stemmed from moves by disgruntled primary dealer partners to squeeze the struggling joint venture, sources close to the vendor say. The resultant turmoil has ranged from senior-staff departures to double-digit layoffs to the emergence of a would-be seventh partner--and to reversals in product development and marketing strategies.
Sources close to the EJV say that the most drastic measure taken so far was the refusal of partner First Boston Corp
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails