Jos Dijsselhof, chief executive of SIX Group, said exchanges could potentially ditch existing infrastructure and rely solely on distributed ledger technology.

“I'm a believer of the many advantages of DLT,” he told Financial News at this year’s Sibos. DLT is a technology infrastructure that allows record updating across a network that is able to spread across multiple locations. Markets are currently fragmented across many platforms, and some asset classes are more electronically traded than others.