The Importance of Integration for the Modernisation of Exchanges

Written By: Magnus Almqvist, CEO, Exberry

September 18, 2025

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Trading venue margins have declined nearly 80% over the past decade, with Accenture emphasising that “to thrive amid increased competition and capture the value of emerging technologies like generative AI, exchanges need a digital core that is reinvention ready“. These twin pressures shape every strategic decision facing market operators today. 

As CEO of Exberry, I witness daily how seamless connectivity has evolved from an IT and technology operations concern to the central pillar of resilience, adaptability, and growth. Unified architecture forms the foundation that determines whether trading venues modernise successfully or fail in this challenging environment of rapidly accelerating change.

 

The connectivity challenge we must address

Today’s market operators function with technology infrastructures that reflect decades of organic growth and tactical solutions. These environments often comprise multiple systems that were never designed to work together seamlessly, creating business complexity that extends far beyond simple maintenance concerns. Such fragmentation manifests in delayed product launches, limited ability to respond to regulatory changes, and constrained capacity to leverage data effectively across business functions.

From my perspective, the true challenge facing exchange leaders centres on maintaining day-to-day excellence whilst building the technological foundation for future growth. This is precisely why we designed Exberry’s platform with seamless connectivity capabilities at its core, enabling trading venues to modernise progressively without business disruption. Our approach allows operators to retain full control over their transformation timeline whilst ensuring every step strengthens rather than fragments their infrastructure.

 

Strategic imperatives for exchange leadership

Balance continuity with progress

Standing still whilst markets evolve around you represents the greatest strategic risk. Successful modernisation requires a step-by-step approach, ensuring technological convergence supports business as usual whilst opening pathways to new opportunities. Through our work with trading venues globally, I have observed how progressive unification gives operators the confidence to innovate without downtime. 

Modern connectivity approaches enable legacy technology and contemporary solutions to operate in parallel, supporting phased migration across different asset classes and markets as business requirements dictate. This eliminates the binary choice between maintaining outdated systems or risking expensive big-bang overhauls.

How do operators strengthen ecosystem connectivity?

Market operators increasingly depend on ecosystem partnerships for competitive advantage. Contemporary trading technology facilitates immediate connection to comprehensive ecosystem partners through advanced connectivity frameworks that enable real-time data sharing and coordinated workflows. Modernisation must always expand reach rather than reinforce existing silos.

Future-proof strategic decisions

Unified platforms address today’s inefficiencies whilst creating architectural flexibility. They enable adaptation to tomorrow’s unknowns. Market leaders who embrace connectivity now establish resilience against regulatory shifts, technological advances, and emerging asset classes that will define competitive advantage in the coming decade.

Our platform philosophy centres on infrastructure that grows with ambition rather than constraining it. Clean, standardised APIs create foundations for step-by-step transformation without requiring comprehensive system overhauls. A cloud-agnostic SaaS approach enables agile development cycles, allowing exchanges to launch new markets and deploy updates without operational downtime. Technology decisions made today will determine whether trading venues can respond effectively to future developments or remain limited by legacy constraints.

 

Leading through strategic connectivity

Seamless architecture represents the strategic lever that determines whether market operators thrive or fall behind in an increasingly dynamic and competitive environment. Success demands this balance between evolution and stable operation. From my experience building and deploying exchange technology globally, successful operators modernise with connectivity at their core, combining stability with technological agility.

At Exberry, our mission centres on helping trading venues achieve this equilibrium between continuity and progress. If you are considering how best to modernise your infrastructure whilst maintaining excellence, I encourage you to connect with us to explore how strategic unification can support your transformation journey.

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