Cost efficiencies and regulatory changes are behind this year’s spate of exchange mergers. And Dodd-Frank is set to encourage even more.
This was the message from a panel on exchange evolution at the Securities Industry and Financial Markets Association’s (Sifma) Market Infrastructure Conference, held in New York on September 21.
The majority of deals seen lately have been financially driven, according to panelists.
“Part of the exchange-merger game, if you will, is to figure out...