Citing an "increased use of market data services," Merrill Lynch & Co.'s second quarter earnings report took note of a hefty 15 percent increase in communications and equipment- rental expenses. The increase in data consumption added an extra $14 million to the line item, compared with the same period last year.
Meanwhile, separately -- but not surprisingly -- Merrill has stepped up its efforts to replace two key market data executives that it lost last month. The move is part of an effort to
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