Breaking News

Tag Archives: Thomas Friedman

The future of futures markets: Exchanges looking to fail fast Blog,Commentary,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Mwiki

Andreas Preuss, deputy CEO, Deutsche Boerse had a show stopper. At the IOMA: World Federation Exchanges conference in Frankfurt on Friday, he said his exchange will have to speed up its business processes exponentially in the next two to three years in order to thrive. Implementing products and services from beginning to release will go from today’s 18 months to 4 days. Yes, you read that correctly. And no, no one in the audience was laughing. “The old way was seven months of iterations of prototypes,” Preuss said. “In the world I am aiming at, the business IT and operations…