Stock exchange disruptors

Courtesy of: The Money Project

BATS exchange is missing from this map. A Kansas disruptor that is growing globally.
IEX exchange got SEC approval in June 2016 despite their controversial positioning (against the Flash boys).
LTSE (Long Term stock exchange) is in the works and has opened up another controversial topic.
Lykke is the blockchain based global trading venue.

Who is missing?

  • List item

What part of the business is each disurptor disemantling?

  • BATS is democratizing exchange listings.
  • IEX is disrupting the order routing process.
  • LTSE is changing the rules in shareholder governance and listing requirements.
  • Lykke is focused on full disintermediation of the business.

3 Disruptors out of the US
One from Switzerland