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Philadelphia Stock Exchange (PHLX) has appointed Mark Monaco director of marketing for Philadelphia Board of Trade (PBoT), PHX's futures exchange subsidiary. He will be based in Chicago and spearhead the exchange's efforts to establish working...
"For exchange-traded derivative markets, the monopoly of middle and back office providers is likely to be challenged. Historically, the three incumbent providers have been largely unchallenged due to widely held fears of ‘migration risk’."
Clive Furness, MD, Contango Markets