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.

Traders Poll

As Bitcoin turns 10 year old this month, why are you not trading it or other crypto currencies?

I am trading it/them.


Too volatile


Issues surrounding custody and clearing


Not enough block liquidity


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rd Annual Mid-Winter Convention

Bowling Party

Mike Gonzalez, Susquehanna

International Partners, Bala

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Philadelphia; Carlos Jimenez,

Susquehanna International

Partners, Bala Cynwyd; Dan

Rafferty, Needham & Co.,

New York; Mike McCarthy

Crowell Weedon, Bala Cynwyd.