Commentary

Richard Repetto
Traders Magazine Online News

Why Do Exchanges Own Multiple Licenses? It's Not Hard To See, Look at the SEC

In this recent research note, Sandler O'Neill + Partners, L.P. Principal Richard Repetto examines why the public exchange operators hold multiple licenses and that rationale behind this phenomenon.

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Ron Gibbs, Treasurer, Edward Jones; Michael McMurtrey, Vice President, Bridge Trading; John Laux, Director, Kenney Capital; Jeff Christanell, President, Huntleigh Securities; Mary Burnes, Director, Edward Jones; Bart Green, Director, A.G. Edwards; Steve Menendez, Secretary, Rockhouse Securities, all St. Louis.


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