Countdown To Supermontage

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When SuperMontage goes live on July 29, it will enter a market that is different from the one in which it was conceived. The reaction of the market players that have been anticipating its arrival will be closely watched.

The idea that would become SuperMontage was hatched during a lunch conversation among a group of Nasdaq executives on a Friday afternoon about four years ago, recalls Dean Furbush, Nasdaq’s executive vice president for transaction services.

At its heart from inception, he says

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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