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.