TT issues multi-million dollar ransom demand to exchanges

Trading Technologies (TT) ceo Harris Brumfield has set out why he believes TT is entitled to hundreds of millions of dollars a year in payments from futures exchanges, backed up by threats of worse consequences for the futures industry if it fails to comply.

Brumfield's manifesto, running to several pages, was released today as an 'open letter to the futures industry'. It states that TT could be "sold without notice" to an interested party, and that...