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.

Traders Poll

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





Free Site Registration

June 30, 2004

Pacific Exchange Demutualization

The marathon demutualization of the Pacific Exchange (PCX) is finally completed. It took some five years with the recent approval of the California Department of Corporations concluding the last part of the review. PCX officials have said the demutalization structure makes sense because it will give them more flexibility. More importantly, the new structure will likely mean the PCX can raise more capital.