CORE DUMP

CORE DUMP

Merrill Under the CAP: The Chicago Stock Exchange (CHX) has snatched up Merrill Lynch as the first customer of its Certificate Automation Program. CAP is a program launched by CHX which calls for the exchange to handle stock and bond certificate processing for securities firms. As a participant in CAP, Merrill will forward all of the stock and bond certificates it receives in the U.S. to the Securities Trust Company of New Jersey (STC/NJ) -- a new entity that CHX will form to assist with CAP

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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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