Exchanges Take Data Hit as Layoffs Cause Decline in Terminal Numbers

NYSE Euronext, CME Group, the Chicago Board Options Exchange and Canada's TMX Group all reported Q2 results last week, with only TMX recording a rise in like-for-like data revenues over the previous year, rising by 11 percent over Q2 2008 to C$36.8 million as a result of contributions from its acquisition of the Montreal Exchange (MX) and its stake in the Boston Options Exchange. However, subscribers to MX data fell from 28,000 last year to 25,000 this year, while TSX and TSX Venture Exchange

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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