SIP Vote Looks Like Good Old Fashioned Chicago PoliticsMark Melin
Dead exchanges voting in an election, last minute horse trading and ignoring government voting guidelines.
Sound like Chicago politics? It is, but this vote is taking place for control of a key piece of stock market plumbing known as the “SIP.”
As a second vote earlier this week was deadlocked 9-6, with the same positions hardening, a number of behind the scenes maneuvers are taking place to facilitate a negotiated settlement. Bloomberg . . .
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