24 Feb 2016
Exchanges Talk Marriage While Their Nations Contemplate Divorce

“I think it’s not necessarily about synergies and cost savings for the exchanges themselves — although they should have them from clearing and technology combinations,” said Niki Beattie, head of Market Structure Partners, which advises brokers and exchanges, in a phone interview. “It’s more about the opportunity to create a European super exchange before one of the U.S. exchanges or Hong Kong Exchanges & Clearing Ltd. take that opportunity away.”