NEW YORK--Seeking to expand its financial networking operations, IPC Information Systems' Ixnet subsidiary has filed for an Initial Public Offering (IPO). The IPO is expected to raise $185 million from approximately 20 per cent of the stock.
The announcement came as Reuters filed a lawsuit against the company, which could have affected the IPO schedule, but was later settled out of court (see related story, this issue).
Ixnet, among other things, operates a Liquidity Network, which
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