The Merry-Go-Round

ON BALANCE

A common sentiment about this industry describes it as a revolving door—no one ever leaves, they just resurface somewhere else. It seems that no one can quite slip the grasp of market data.

That's certainly borne out by one of our front page stories. As you see on page one, Terry Roche has left HSBC, where he was head of global market data services, to join Reuters. While several sources suggested that Roche was looking to leave, his destination is at first glance surprising. After all, Roche is

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