Are Vendor Buys Putting Traditional Exchange Business on ICE?

With the recent acquisitions of Interactive Data and Trayport, does Intercontinental Exchange see its future as a vendor, or, Max wonders, does it see controlling the entire trade flow as the future?

In the data industry, there’s an old “joke” about consolidation:  In the future, the remaining investment bank meets up with the remaining vendor and remaining exchange and the three still argue over issues at the sole remaining industry association forum.  Based on recent activity, Intercontinental Exchange sees itself as occupying at least one of those positions.

Read the full story here:  http://www.waterstechnology.com/waters/opinion/2437349/max-bowie-are-vendor-buys-putting-traditional-exchange-business-on-ice

 



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