Market data revenues are declining at most North American exchanges but are rising among European exchanges, according to the exchanges’ financial results for 2003.
"Greater product innovation and information diversity have saved the European exchanges, while the US has suffered from royalty cuts through the loss of terminal business without having alternative product offerings to supplement the core business," says Steven Allen, director of market data consultancy, DataContent.
Allen points o
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