Track Data Corp., a financial information vendor owned by Barry Hertz, is spinning off a company that will provide equities market data and news to nonprofessional clients. The new company, known as Global Market Information Inc., is being put up for an initial public offering of 1,200,000 shares designed to raise about $5 million for Global. After the offering, Track -- and therefore Hertz -- will hold a controlling 55-percent stake in the new company.
According to the IPO prospectus, Global
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