Exchange Heads Discuss the Continued Transition as Technology Companies
At this year's FIA Boca conference, several exchange CEOs and heads of IT, including Jeff Sprecher of ICE, Andreas Preuss of Eurex, and Phupinder Gill of CME Group, talked about how the idea of what an exchange is expected to provide has changed in recent years.
What is the definition of an exchange? In the past, it was all about trading and clearing, but increasingly, exchanges rely more on the data, risk management and analytics services to generate profits. They are becoming technology companies that offer trading and clearing services as part of a greater suite of solutions.
At this year's Futures Industry Association (FIA) conference in Florida, a panel of exchange CEOs talked about the evolution of exchanges. Andreas Preuss, head of Eurex's IT and
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