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