NEW YORK--Ending months of internal agony and weeks of external speculation, Dow Jones & Co. agreed to sell its Dow Jones Markets unit to Bridge Information Systems for $510 million in notes and cash. In outbidding a rival group that included US Treasury interdealer broker Cantor Fitzgerald, Bridge has established itself as the No. 2 player behind Reuters in a market now consolidated into three global real-time data vendors.
The agreement also heralds the return of the Telerate name: Bridge p
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails