New York--Dow Jones & Co. is suing Cantor Fitzgerald and Market Data Corp. (MDC). The lawsuit, filed in the New York State Supreme Court, claims that Dow Jones does not owe about $240 million to the two companies because Telerate is no longer in business as the exclusive provider of Cantor and MDC data.
Dow Jones did not make a quarterly payment that was expected last week. Sources familiar with the situation say that payment would have totaled approximately $12 million. "We don’t have a paym
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails