The Chicago Mercantile Exchange has axed its top market data executives as part of a so-called restructuring plan that eliminated over 70 jobs. Market data industry observers suggest that the cuts were made to the market data group by exchange executives who have little understanding of the group's function.
The cuts come at a time when revenues from market data sales are becoming an increasingly significant source of income for exchanges. Indeed, last year the Chicago Board of Trade named Da
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