Will the Changes of 2008 Drive Innovation in 2009?

Spurred by the European Union's Markets in Financial Instruments Directive, new multilateral trading facilities have sprung up across Europe, forcing existing exchanges to rethink their strategies, while creating opportunities for new players to expand outside of their traditional markets. A similar trend has also affected the Canadian marketplace.

US ECN Direct Edge, which recently acquired the ISE Stock Exchange, is also looking at the potential to expand into adjacent products, in addition to