Cantor Fitzgerald L.P. and its Market Data Corp. information arm are embroiled in a contract dispute initiated by Reuters. The dispute involves a contract for Cantor's non-U.S. Treasury data signed almost three years ago. The market data vendor has claimed to have determined that Cantor/MDC isn't supplying all of the data that Reuters has paid for.
Reuters' claims and Cantor/MDC's counterclaims haven't made it into the courts, however. Instead, the matter is being turned over to arbitrators.
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