When you write for a monthly magazine, where you have to close each issue more than a week before the first of the following month, the greatest concern you have is that the information included in your story will be outdated by the time it hits the readers’ hands.
So with that in mind, I'd like to send a big, "Thanks for nothing, Canada!" to my neighbors to the North; you really screwed me this month!
In a single week, my July profile of CNSX Markets—which featured CEO Ian Bandeen and vice president of corporate development Richard Carleton—was riddled with old news. First, and most important to the story, it was announced that Bandeen was stepping down from his role and that Carleton would take over as the interim CEO.
This was problematic, but it could've been worse. When I pitched the story idea to the CNSX—back in March, mind you—I asked only to speak with Bandeen. The CNSX said that would be fine, but that they would like Carleton to be involved. I should've known what was coming.
Fortunately, this change happened just before we sent the magazine to the printers, and we were able to get a little blurb in about the switch. And, really, it wasn't so bad, because now I have two CEOs on the cover, instead of just one.
But I wasn't able to account for the London Stock Exchange–TMX Group merger debacle. When doing the background reporting for the CNSX story, I asked multiple analysts and industry participants whether they thought the deal would go through—most people said they thought it would. But this week, all the strings started to unravel, and on Wednesday, it was announced that the deal was dead.
C'est la vie; these things happen. Hopefully, you'll still enjoy the piece—which is focused on the CNSX's history and the IT upgrades it is currently working on. And if you don't? Well, then you're probably Canadian and I'm mad at you anyway.
To be honest, this whole thing has made the Boston Bruins winning the Stanley Cup that much more bearable. (OK. Now we're even.)
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