mslasky

NYSE Group Posts Impressive Earnings - But Where's the Long-Term Value?

But what is the time frame for the "utility" like character to come to fruition? While technically available to anyone, the fiscal motivation to compete with established players will be small, so the barrier to entry will be high, since the cost of purchasing the computing power would be large, and the motive for people to use a new player would be nil (no brand loyalty, why take a chance on poor execution?). The fraction of the world's populaton that "play" the market will continue to increase - and the scale efficiencies that accrue look to be large. It may take several decades for this to really play-out.