In our January issue we highlighted some key market stories from 2015 that continued to trend in 2016. Bill Ackman’s call on Valeant Pharmanceuticals bombed in 2015 and continued to tank, dropping an additional 70%, in 2016. We pegged the release of the Apple Watch as the most overhyped market event of the year. Perhaps it was an omen as AAPL has dropped more than 20% since Dec. 1.
Intercontinental Exchange’s CEO Jeff Sprecher talked about ICE’s most recent acquisition, Interactive Data, as well as updated us on NYSE. ICE is still in the market as it recently acquired data and valuation units of Standard & Poor’s.
In “Top 30 Brokers,” we highlight the new reality for futures commission merchants and introduced a new player with a compelling new pricing model (see Futures, page 67).