Opening Cross: The Case for the Defense

To address stricter reporting regulations, firms have sought out a broad array of services to provide the most accurate value for less liquid instruments, to minimize the potential for instruments valued at a certain amount to suddenly be rendered worthless because the valuations did not accurately reflect market conditions.

In turn, this has made reliable pricing providers a valuable commodity, such as CSV (Complex Security Valuations), which was bought last week by SIX Telekurs for an undisclo

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