DTCC Chief Predicts Substantial Change to Market Infrastructures Within a Decade

Michael Bodson predicts technology will fundamentally change how the markets work.

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The head of one of the largest financial market utilities in the world is predicting that current market infrastructures will not exist in their current form in just 10 years as technology starts to change how the business operates.

Michael Bodson, chief executive officer of the Depository Trust and Clearing Corp. (DTCC), said during the company’s annual Fintech Symposium in New York that the rise of a more technology focused client has fundamentally shifted how people interact with market

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