Thanks for your response Amey.
So I understand that price discovery may not happen on IEX. But, even if it collects bids and pass it on to MCO, it has to do almost everything what it is doing now. Some infrastructure that is deployed in execution of bids would be replaced by infrastructure that connects with MCO to pass on the bids.
So, let’s assume that it continues to do what it has been doing and hence incurring the same cost and therefore holding on to the price.
Now, assuming that it’s platform continues to be the best, as what is claimed now and has no reason to deteriarate, and since the pricing shouldn’t decrease further, owing to above broad assumptions, I am still not sure why it’s business prospects would go down.
Suggesting a counter argument for the sake of discussion?
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