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Exchanges were born in the world of transaction revenue - high margin, but uncontrollable outlooks. Expanding into market data gives them stable, consistent and growing revenue streams. The market rewards consistent growth.pic.twitter.com/Vass8OGdcb
By expanding into data, exchanges are becoming powerful operators of the core indices that govern markets. A change to the index cascades down to managers, passive investors and bystanders of global markets:pic.twitter.com/XUhV2wGa1h
I had fun making these, and will keep iterating to visualize more complex exchange topics.
Look for more VV 
from me in the future 
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