Now that the combination of the
CME Group with the
New York Mercantile Exchange is complete, it has become a behemoth in futures trading even bigger, but does little to clarify how the exchange sector will develop in the coming years, reports
The Financial Times.
"The acquisition itself was fairly straightforward. CME buys a U.S.-based derivatives exchange with a similar product set and technology platform,” says Michael Henry, a senior executive in Accenture's global Capital Markets practice. “But the broader context is more complex and occurs within an ongoing battle for market share between virtually all of the world's largest exchanges."
Opinions differ widely as to how the consolidation of exchanges, which is taking place alongside fragmentation in the form of smaller players entering the market, will affect the status quo.
For the complete story,
