Exchanges Grapple with Outsourcing

OUTSOURCING AND OFFSHORING

CHICAGO—Chief technology officers (CTOs) from major futures and options exchanges say they are tackling the thorny issue of whether it's time to outsource their core technology.

"It's always tempting to build [systems] in house because the requirements are so unique," says Mats Andersson, CTO of market technology for OMX, who spoke last week at the Futures Industry Association's 2006 Futures and Options Expo in Chicago. But in most instances, up to 90 percent of an exchange's technology is

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