Analysts cast doubt on Deutsche Börse’s tech strategy
Exchange execs countered that the company is having success moving clients from on-prem to SaaS, and expanding in the US.
European exchange Deutsche Börse followed in its US competitors’ footsteps when in 2023 it acquired Danish trading tech vendor SimCorp: Supplement lackluster trading and listings revenue with a tech business.
But on the exchange’s quarterly earnings call, analysts raised doubts about the strategy.
“You want to reduce your dependency on the cyclical trading businesses with [the] acquisition of some more stable software business, but the point-in-time counting is now leading to even more volatile
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