INTEX Seeks Service Bureau Role, Offers To Lease Network To Others
THIS WEEK'S LEAD STORIES
Thomas F. McKiernan, newly appointed president and chief executive officer at INTEX, is charting a new strategy for the automated futures exchange based in Bermuda.
Instead of trying to compete with established exchanges that trade futures by open outcry, INTEX wants to be a service bureau. "We want to function as a utility for the industry," says McKiernan.
Other exchanges could use INTEX's network for executing transactions when their trading floors are closed, and for order-routing when their
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