Chapter 1. Two Decades of Change

Introduction

In May 2007, an extraordinary meeting took place in London: The Exchange Forum. Chief executives from many of the world's most important financial exchanges came together with other leaders from a wide array of global banking, trading, and investing firms, index providers, regulators, system suppliers, and noted academics to discuss the rapidly changing business and technological environment in which exchanges function. The forum was an exclusive event, open only to the most senior-level individuals in the global exchanges community: those who run exchanges, who are clients of exchanges, who invest in exchanges, and who supply goods and services to exchanges.

In presentations and panel discussions ...

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