Exchanges likely to reject Brumfield plan
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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