Object trading said exchange mergers can mean additional expense
Exchange consolidation is hiking the cost of technology for
clients, a tech vendor has warned.
In the past two years, the industry has seen the two largest
exchange mergers in recent years with the London Metal Exchange
becoming part of the Hong Kong Exchanges and Clearing (HKEx) in
December 2012 and NYSE Euronext being acquired by
IntercontinentalExchange (ICE) last November.
The latter is still in the process of transitioning
derivatives contracts on Liffe, the London-based derivatives
market, onto its ICE Futures Europe platform.
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