Abstract
Introduction
The market for exchange services has become increasingly competitive in
Europe, while the US has already seen consolidation. This report considers the
drivers for lower latency and guaranteed throughput for access to matching
engines, while at the same time surveying the landscape and assessing the
potential for US-style consolidation in Europe.
Scope of this research
- Exchange technology
- The business side of exchanges; M&A activity, etc..
Research and analysis highlights
The backdrop to the evolution in exchange technology is a proliferation of
trading venues, resulting in a fragmentation of liquidity across them, to
which a growing number of buy- and sell-side firms respond with the adoption
of high-frequency trading (HFT) strategies underpinned by algorithmic servers.
Key reasons to purchase this research
- Gain an insight into how the exchange sector is evolving annd the role
technology is playing in the process.
- See where the opportunities for independent tech vendors are in this
sector.
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