NEW YORK--A settlement reached recently in the Delaware Court of Chancery puts an end to the Chicago Board Brokerage's (CBB) usage of the Marketpower software from Market Data Corp. (MDC), which is closely tied to Cantor Fitzgerald, L.P.
The settlement by Cantor, CBB and CBB's parent companies, the Chicago Board of Trade (CBOT) and Prebon Yamane, prohibits the CBB from using the Marketpower-based electronic bond-trading platform.
The decision was anticlimactic in light of the suspended state o
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