State Street Corporation is to acquire Investors Financial Services Corporation for around $4.5 billion. Both companies are based in Boston and focus exclusively on the needs of institutional investors. When the transaction closes, State Street will have more than $14 trillion in assets under custody and will service more than $340 billion in hedge fund assets.
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