Often, I receive feedback on my columns, under the banner of the “Waters Wrap.” I recently wrote about Pico’s acquisition of Redline Trading Solutions, some of the trends this deal points to, and what’s ahead for the mid-tier market data platform providers. Some of the feedback was good. And then there was this, from a former employee of Redline: “Hi Anthony, just read your article about consolidation in the market data space.  I came away thinking that you didn’t really know much about the