The emergence of NLX 2.0 and the LSE's Curve would present the London-based futures giant with various options
With NLX 2.0 revving up and the
LSE’s Curve platform grinding towards an official
announcement of its intentions, competitive threats to
ICE’s European rates franchise are more numerous
today than at any time since the launch of DTB in the
Having paid around $6bn for the Liffe
interest rate franchise alone, Jeff Sprecher,
ICE’s chief executive, will be mulling his options
of how to fight off the threats.
But how can he respond?
NLX and Curve both believe that there is a
fundamental change on the horizon.
They think the market is moving into a
world in which firms will trade on the basis of where they want
to clear, not clear on the basis of where they want to trade as
has been the case since year dot.
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