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Dicker: FIA Report Spells Trouble for Exchanges

Jeff Sprecher, the CEO of ICE, oversees the one exchange stock that has risen well in the last three years. But even with his great skills and proven ability, it is hard to see how he will change the playing field at the NYSE after his takeover and somehow woo the institutional and retail investor back to the derivative markets.

It is a barrier that looks difficult, if not impossible to retrace and hurdle. And therefore it looks as if exchange shares aren't the place to be investing.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Stock quotes in this article: NYX, ICE, CME 
Dan Dicker has been a floor trader at the New York Mercantile Exchange with more than 25 years of oil trading experience. He is a licensed commodities trade adviser.

Dan is currently President of MercBloc LLC, a wealth management firm and is the author of Oil's Endless Bid, published in March of 2011 by John Wiley and Sons.

Dan Dicker has appeared as an energy analyst since 2002 with all the major financial news networks. He has lent his expertise in hundreds of live radio and television broadcasts on CNBC, Bloomberg US and UK and CNNfn.

Dan obtained a bachelor of arts degree from the State University of New York at Stony Brook in 1982.

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