You are probably right, somewhere in between, But right now the prop guys can't trade, so I wonder why Assent would be willing to lose them. Was it a compliance issue?
My understanding is Assent came and basically fired them. Told them they didn't want them anymore. I understand the story the Denver office is using is that they wanted to switch firms and focus on other products.
I never implied Sungard is in trouble. I was only stating that Asent shut down their Denver office and that prop traders can't trade there right now.
No rumors no bashing just facts.