The Chicago Mercantile Exchange has axed its top market data executives as part of a so-called restructuring plan that eliminated over 70 jobs. Market data industry observers suggest that the cuts were made to the market data group by exchange executives who have little understanding of the group's function.
The cuts come at a time when revenues from market data sales are becoming an increasingly significant source of income for exchanges. Indeed, last year the Chicago Board of Trade named Da
Anthony and James talk about how regulators in the US are falling behind other nations' regulators, the lack of talk about Reg AT, and an SRO for cryptocurrencies.Subscribe to Weekly Wrap emails