Jeff Sprecher, CEO of exchange group ICE, said the company is constantly investing in new technologies in an effort to not get displaced.
Jeff Sprecher, ICE CEO, said the standardization and consolidation in the market means it's primed for disruption.Jeff Sprecher, CEO of the Intercontinental Exchange, said the recent consolidation in financial markets has made it prime for disruption.
The new environment has led ICE to make more investments in fintechs in an effort to not get displaced, he said.That's the view of Jeff Sprecher, CEO of NYSE's parent company Intercontinental Exchange, who said the markets are prime for disruption. "Today an upstart competitor or an out of industry competitor could step into a market where things are relatively organized and the number of participants is relatively few," said Sprecher while speaking at a conference on Wednesday."And so you don't have to knock on that many doors to get attention on whatever your new innovation is.
That's why Sprecher fully believes in the continued investment firms are making into fintech companies. In 2018 aloneSprecher and ICE haven't shied away from making investments of their own in new technology. In August 2018,, a digital asset platform that allows firms to trade physically delivered bitcoin futures contracts.
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