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Thomson Financial Services Institutional Shareholder Services Division agreed to buy Proxy Voter Services, a Chicago-based firm that services the investment management and Taft-Hartley pension fund market. ISS expects the transaction to close before the end of the year. The terms of the purchase were not disclosed.

PVS will operate as a separate unit of ISS, and PVS' chief operating officer Mark Saussy will remain with the firm. Herbert Skinner, PVS' owner and president, will remain with the firm

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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