After months of negotiations, Liberty Brokerage Inc. and the EJV Partners L.P. finally came to tens: Under an agreement reached last week, the interdealer Treasury broker will become a minority partner in the struggling fixed-income data and analytics vendor, and will assume managerial control over it. Following the conclusion of the deal, Bruce Peterson will leave his post as president of the EJV. Another two dozen EJV staffers were also laid off late last week.
Liberty president Tom Wendel
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