The transition of financial exchanges from venues for transactions to rent-seeking information oligarchs happened so gradually that no single step was outrageous. And yet here we are.
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Demutualization was a mistake
Curious if you think memx makes any difference to the landscape here? Seems like they have potential to impact pricing power for equities market data in a big way but maybe I'm naivehttps://twitter.com/HideNotSlide/status/1433453111344041984?s=19 …
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Interesting, will investigate.
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