Brumfield manifesto may spark bidding war
Exchanges and other firms are more interested in buying
Trading Technologies (TT) outright that signing up to the
firm's proposed per lot fee, according to TT ceo Harris
Brumfield, who also said he would sell the firm without notice
if the price is right.
In an exclusive interview with FO Week, Brumfield said he
had proposed the deal whereby TT would be paid 2.5 cents for
every contract traded to several exchanges, including the 'big
four', over the last three months, and that "most people I've
talked to have pretty much talked about buying the company
instead of doing the 2.5 cent deal".
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