Trayport's Davies Blames Regulation for Lack of Exchange Investment

While there may be desire to implement changes, the potential for falling foul of regulations, which are as yet not finalized, is forcing a lot of chief execs to hold onto their coffers, says Davies, head of sales and business development at the software vendor.

"In the last four or five months, I've spoken to three of the big five exchanges about their views on innovation, and all have been trying to put together innovation teams to rip up how they've been operating, but none of them have