Aiming to lure pension funds and money management firms that have been complaining about mounting broker costs, armchair market philosopher Steven Wunsch is now actively promoting an electronic market that will allow participating traders to bypass intermediaries. Called Single Price Auction Network (SPAworks), the market will provide an alternative to continuous trading on the New York and other stock exchanges.
Although SPAworks isn't required to report trade information to the Consolidated
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