Why Exchanges Remain the Backbone of Financial Markets
mag 21, 2026
Financial markets are often said to be shifting away from traditional exchanges toward more “disruptive” models. Yet a WFE study highlights that exchanges remain central to pricing, capital raising, and risk management globally. Read how modern markets rely on interconnected, rule-based structures that strengthen liquidity, price discovery, and market quality, reinforcing the role of exchanges in today’s ecosystem.